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Panthers want 125 Million in taxpayer money.

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Posted

Why do we the residents of Mecklenburg. County get to pay for it when our name is the Carolina Panthers?

I'm not saying I'm for it or against it..but if our name encompasses 2 entire states..why does one county get stuck paying for it?

Again, although it is the city of Charlotte paying the bill, it will probably come out of a hotel tax so that people from outside of Charlotte are actually providing the revenue. And although they are called the Carolina Panthers, Charlotte gets the economic benefits of having the team in their town.

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Posted

anyone know the total planned cost for the renovations, $125 million is only part, not all.

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Again, although it is the city of Charlotte paying the bill, it will probably come out of a hotel tax so that people from outside of Charlotte are actually providing the revenue. And although they are called the Carolina Panthers, Charlotte gets the economic benefits of having the team in their town.

ok..that makes sense...I'm genuinely wondering..I'm not trying to start a debate or a fight...

oh...and will beers be $12 now instead of $10?? :)

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Posted

Why do we the residents of Mecklenburg. County get to pay for it when our name is the Carolina Panthers?

I'm not saying I'm for it or against it..but if our name encompasses 2 entire states..why does one county get stuck paying for it?

Because the team brings no real economic benefit to Greensboro, Wilmington, Greenville(either one) , Charleston, or any other town in the majority of the two state area.

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Posted

Give him the money. I don't want to see us move to LA it's minimal to what is coming in the future now that we have cam.

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Again, although it is the city of Charlotte paying the bill, it will probably come out of a hotel tax so that people from outside of Charlotte are actually providing the revenue. And although they are called the Carolina Panthers, Charlotte gets the economic benefits of having the team in their town.

Because the team brings no real economic benefit to Greensboro, Wilmington, Greenville(either one) , Charleston, or any other town in the majority of the two state area.

http://news.illinois.edu/news/04/1117stadiums.html

“The net economic impact of professional sports in Washington, D.C., and the 36 other cities that hosted professional sports teams over nearly 30 years, was a reduction in real per capita income over the entire metropolitan area,” Humphreys and Coates noted in the report.

The researchers found other patterns consistent with the presence of pro sports teams. Among them:

• a statistically significant negative impact on the retail and services sectors of the local economy, including an average net loss of 1,924 jobs;

• an increase in wages in the hotels and other lodgings sector (about $10 per worker year), but a reduction in wages in bars and restaurants (about $162 per worker per year).

Those employed in the amusements and recreation sector appeared, at first glance, to benefit significantly from the presence of a pro team, with an average annual salary increase of $490 per worker, Humphreys said. However, he added, “this sector includes the professional athletes whose annual salaries certainly raise the average salary in this sector by an enormous amount.

As it turns out, those workers most closely connected with the sports environment who were not professional athletes saw little improvement in their earnings as a result of the local professional sports environment.”

Humphreys, who plans to present data from the report at a Nov. 29 hearing in Washington, D.C., said it is fairly common for city officials – blinded by bright visions of dollar signs – to pose as cheerleaders for projects aimed at attracting pro teams.

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Posted

Thanks Jase. That was next.

Buncha crooks.

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Posted

ffs I feel like I'm taking crazy pills. Are you all serious about giving a billionaire $125M to improve his private business?

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How bad do you want your team to stay in Charlotte and your stadium to improve? 125 million from a city, that's it?

For those who talk about LA teams not lasting, learn a little bit of history on why they moved before posting.

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Again, although it is the city of Charlotte paying the bill, it will probably come out of a hotel tax so that people from outside of Charlotte are actually providing the revenue. And although they are called the Carolina Panthers, Charlotte gets the economic benefits of having the team in their town.

In the article it said food and sales tax.

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Charlotte built the Bobcats stadium for around $500 million; built NASCAR Hall of Fame for 140 million; built some cultural arts center for 160 million.

The fact some think Charlotte shouldn't give the Panthers 125 million is laughable. Raleigh would give them a key to the city to come there and so would 90% of the cities in the country.

If JR gets this money the total Cgarlotte has given him is 185 million. That is a drop in the bucket compared to other sports teams.

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How bad do you want your team to stay in Charlotte and your stadium to improve? 125 million from a city, that's it?

For those who talk about LA teams not lasting, learn a little bit of history on why they moved before posting.

How long do you think the fan support in LA would last if their team only had 4 winning seasons out of 18

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