Posted 13 February 2013 - 05:29 PM
Since I started this thread, maybe I should resurrect it. The deal with the city is contingent on the public funding, including the $62 million being sought from the state. Tillis is not supportive and it won't happen without his support. McCrory is not sticking his neck out for the Panthers on this. Tillis is OK backing a bill that would let the city increase the food and bev tax, but not a bill for direct state tax dollars into the stadium. I'm told Richardson was very blunt and came across as condescending in his meeting with Tillis, or at least Tillis came away with that impression. State funding appears very unlikely at this point. It is very possible that the Panthers will come back to the city for the $62 million and ask that the city in effect simply dedicate more years of the food/bev tax increase to the stadium project. I can tell you that the Panthers will be firm in not scaling back the project and they will also be very firm in not going out more than 15 years on their agreement not to move. There are other public/private funding options being evaluated, but this seems the most likely scenario and it will be very politically inflammatory. Richardson simply does not understand opposition to public funding and if talks are reopened and the city council balks, this could melt down very quickly. Don't assume this is over, or even nearly over, because it isn't.