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Potential $1.2B Panthers stadium renovation discussion

Lame Duck

By Lame Duck,
in Carolina Panthers

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Lame Duck Grand Master

Lame Duck

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City discussed $1.2 billion framework for Panthers stadium renovations 

https://www.wsoctv.com/news/local/city-discussed-12-billion-framework-panthers-stadium-renovations/GPQZECP3AZAWHBQSMPQ5CZTEA4/

The Charlotte City Council discussed the future of Bank of America Stadium in a closed session on January 31. 

>>At 6 p.m., Channel 9′s Joe Bruno will break down how the city and the Panthers will arrange funding for the stadium.

In that meeting, city leaders discussed a potential framework of a $1.2 billion project with $600 million in public funds. The discussion was meant to brief Charlotte City Council on what a potential deal could look like.

Edited by Lame Duck
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Stumpy Grand Master

Stumpy

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7 minutes ago, rebelrouser said:

Billionaire bilks city out of 600 million right before major recession; still refuses to install real grass.  

Counteroffer: Tepper gets dick and the city spends that money to build out the light rail, since we know they have that money to spend now.

Also, use whatever ridiculous multidecade accounting plan they tried to sell you on as the framework to lock in that multibillion dollar tax value until 2073!

Edited by Stumpy
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LinvilleGorge Grand Master

LinvilleGorge

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Economic studies have shown that public spending on stadium projects is a terrible "investments" and essentially amounts to a handout to billionaires. Something feels extremely grifty about the numbers involved too. Jerryworld cost $1.4B to build in '04 and was considered wildly extravagant at the time. The Falcons' new stadium cost $1.6B. You're telling me you need $1.2B just to RENOVATE our current stadium? I call BULLSHIT.

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LinvilleGorge Grand Master

LinvilleGorge

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2 minutes ago, Purrnicious said:

As long as my PSL's don't become worthless because of a new stadium and they don't put a dome on the current stadium I don't care. 

I don't see how they're gonna spend the equivalent of damn near top dollar for a modern new stadium and NOT put a dome over BOA. There's gonna be serious fat involved in the project to line the appropriate pockets, but damn... you're still going to have to do some MAJOR work to justify 10 figures of spending on paper.

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Jon Snow Grand Master

Jon Snow

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4 minutes ago, LinvilleGorge said:

Economic studies have shown that public spending on stadium projects is a terrible "investments" and essentially amounts to a handout to billionaires. Something feels extremely grifty about the numbers involved too. Jerryworld cost $1.4B to build in '04 and was considered wildly extravagant at the time. The Falcons' new stadium cost $1.6B. You're telling me you need $1.2B just to RENOVATE our current stadium? I call BULLSHIT.

Have you seen the cost of materials and labor in the construction industry lately?! A new stadium like Jerry World would cost over $3B today.  I would have to see the details of this "renovation" being proposed before I have an educated opinion on this venture.  

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kungfoodude Grand Master

kungfoodude

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10 minutes ago, LinvilleGorge said:

Economic studies have shown that public spending on stadium projects is a terrible "investments" and essentially amounts to a handout to billionaires. Something feels extremely grifty about the numbers involved too. Jerryworld cost $1.4B to build in '04 and was considered wildly extravagant at the time. The Falcons' new stadium cost $1.6B. You're telling me you need $1.2B just to RENOVATE our current stadium? I call BULLSHIT.

off with his head GIF

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jayboogieman Grand Master

jayboogieman

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The city would be much better off to invest that money in infrastructure, mental health help, the homeless, education, or lots of other things than giving it to Tepper, especially just for a renovation. If he threatens to move the team over it, tell him bye.

Edited by jayboogieman
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Tbe Grand Master

Tbe

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1 minute ago, Pantherzilla91 said:

Great news! I’m fine with my tax dollars going to this rather than some social crap. Ties the Panthers to the city!


CMS schools are terrible. Let’s give them 600 mill instead.

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