Hefty price tag ahead for Panthers' stadium renovations, council member says

Malcolm Graham says there are a number of reasons why putting tax money into Bank of America Stadium makes sense

The following article appeared in the Jan. 26, 2024, edition of The Charlotte Ledger, an e-newsletter with smart and original local news for Charlotte. We offer free and paid subscription plans. More info here.

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City council member: Price tag for Carolina Panthers’ stadium renovations ‘will be a big dollar amount’ that ‘shocks the conscience’

The Carolina Panthers are expected to propose upgrades to Bank of America Stadium. (Photo by Kevin Young/The 5 and 2 Project)

It is widely expected that the Carolina Panthers will seek tax money to help pay for renovations to Bank of America Stadium.

Although Charlotte City Council members have discussed the possibilities in closed sessions, details have not been publicly revealed yet.

One council member last week, though, confirmed that the cost could seem staggering when it is finally unveiled.

Speaking to a gathering of the Charlotte Area Chamber of Commerce’s public policy committee, Malcolm Graham, who chairs the council’s Jobs and Economic Development Committee, outlined several of the reasons that contributing tax money could be a smart investment.