David Tepper’s Carolina Panthers Win $650 Million for Stadium Upgrade
- Stadium rehab will feature new seats, sound and video system
- Existing hospitality and tourism tax resources to be used
Bank of America Stadium in Charlotte.
Photographer: Victor J. Blue/Bloomberg
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The owner of the National Football League’s Carolina Panthers and Major League Soccer’s Charlotte Football Club has secured $650 million of public funds for a $1.3 billion renovation of Bank of America Stadium in Charlotte, North Carolina.
The newly approved plan uses existing hospitality and tourism tax resources to finance Charlotte’s part of the renovation through 2029. The sports group run by billionaire David Tepper, called Tepper Sports & Entertainment, is on the hook for another $150 million over the same time period. Tepper owns both the Panthers and Charlotte FC.