User ID
  Forgot User ID
or Register Today!
Follow Us on Facebook Follow Us on Twitter Follow Us on Google+ VI Mobile Scores and Betting Odds
Betting Tools

Charlotte council backs Panthers deal

New customers: Make your 1st bet, get your 2nd bet free, 100%, winnings paid in cash.
Join Now

Already have an account? Click here to view new Exclusive Rewards!

CHARLOTTE, N.C. (AP) - Charlotte's City Council has agreed to a plan that would give the Carolina Panthers nearly $144 million from a food-and-beverage tax hike to pay for upgrades to its downtown stadium, Mayor Anthony Foxx said Friday.

Foxx said North Carolina General Assembly approval would be needed for the city to increase its prepared food-and-beverage tax by one cent. That part of the deal hasn't been settled.

The money would be paid over 15 years and requires the team to stay in Charlotte for that period of time. That would resolve concerns from city officials that the Panthers could relocate the franchise to another city.

Team officials declined comment on the announcement, referring all questions to city officials. However, Panthers owner Jerry Richardson addressed the concerns that the team would leave town if a deal couldn't be reached.

``I never would want our team to move somewhere else. I never said that,'' Richardson said after the city council's closed-session meeting.

The Panthers are proposing $250 million in upgrades to Bank of America Stadium, including additional escalators to help fans more easily reach the upper deck, and better video boards.

Richardson and team President Danny Morrison last month met with new Gov. Pat McCrory and House Speaker Thom Tillis to discuss the multimillion-dollar project. Both elected officials are from the Charlotte area, and McCrory was the city's mayor for 14 years. His first term was in 1995, the Panthers' inaugural season.

The Panthers' stadium, which cost $190 million, was completed in 1996. It was paid for with private money collected through the sale of permanent seat licenses, or PSLs, with the Panthers being the first NFL franchise to use that marketing model to raise money.

Seventeen years later, Bank of America Stadium is considered a middle-aged stadium by NFL standards. Of the 31 stadiums in the league - the Giants and Jets share one in New Jersey - 25 have either been built or undergone renovations in excess of $100 million since the Panthers opened their facility. Three other franchises- in Atlanta, San Francisco and Minnesota - are in the midst of either rebuilding or new stadium construction.

Kansas City's Arrowhead Stadium is considered a comparable stadium and it received a $375 million facelift in 2010.

The Panthers invested more than $48 million in recent years on new scoreboards, club level seating and upgraded workout and equipment rooms.

The Associated Press News Service

Copyright 2015
The Associated Press
All Rights Reserved

Rogers: MNF - Ravens at Browns
News: Win Total Betting Update
Chiefs hold off Bills for 5th straight win
Peterson's 2 TDs lead Vikes past Falcons
Bengals drill Rams 31-7 behind Dalton
Hasselbeck, Vinatieri lead Colts past Bucs
Fitzpatrick, Marshall lead Jets past Miami
Carr throws late TD as Raiders edge Titans
Rivers' 4 TD passes help Chargers top Jags
Why Buy Picks From
NFL Pro Football Handicapper Sports Picks Records
NFL Hot Streaks
5-2 Sun., 15-6 Run, 10-1 Mondays
41-21 Last 62 Picks, +1,555 TY
9-2 L11 G-Plays, 11-4 L15 Picks
19-9 Last 28 NFL Streak
4-1 L5 Picks, 10-3 L13 G-Plays
5-1 Last 6, 23-10 Last 33 Picks
5-1 L6 Picks, 17-9 L5 Sundays
10-3 L13, 12-4 L16 Selections
5-1 Last 6 Guaranteed Plays
16-6 L4 Sundays, 28-14 +1,316 L42
5-2 Last 7 NFL Picks
3-1 Record Sunday
2-0 Thursday, 5-2 L7 Picks
5-1 Last 6 NFL Guarantees
NFL Pro NFL Football Expert Sports Picks- Baltimore Ravens at Cleveland Browns
Money Leaders
Handicapper Money
Marc Lawrence + 1555
Andy Iskoe + 1065
Joe Nelson + 1028
Last Week's Leaders
Handicapper Money
ASA + 300
Michael Black + 300
Andy Iskoe + 295
Percentage Leaders
Handicapper Pct
Marc Lawrence 63 %
Joe Nelson 62 %
Zack Cimini 62 %
Guaranteed Leaders
Handicapper Money
Joe Nelson + 448
Scott Pritchard + 415
Vince Akins + 310
Over-Under Leaders
Handicapper Money
Michael Black + 406
Jimmy Boyd + 363
Scott Pritchard + 300
Member Leaders
Handicapper Money
Paul Bovi + 909
Antony Dinero + 706
Marc Lawrence + 660
corner graphic
With a VI Gold Membership, you can SAVE 10% off a Live Odds subscription, SAVE 20% off Daily Pick packages, and receive access to up to 1,000 Member Plays each month!
VI Gold Membership