Panthers swap home improvements for Charlotte stay

The Carolina Panthers have reached an agreement with the city of Charlotte which will see the city pay for a tranche of improvements to the Bank of America Stadium in return for a commitment that the NFL side will remain in Charlotte for at least six years.

The Carolina Panthers have reached an agreement with the city of Charlotte which will see the city pay for a tranche of improvements to the Bank of America Stadium in return for a commitment that the NFL side will remain in Charlotte for at least six years.

According the the AP, the city will contribute around US$87 million for renovations to the 73,778-seater stadium, which opened in 1996.

The City Council is expected to vote on the deal later today, Monday 22nd April.

A previous proposal that would have seen US$250 million spent on upgrades, half of it by the city and half by a combination of the team and the state, was thrown out after city lawmakers rejected an increase in prepared food tax to fund it.