Panthers propose 10 year tether, 6 year "hard" tether

[Delhommey]

I think Richardson has talked himself into thinking this is good for the community and ties the team here long term after he's gone. It's a "favor" to us. But seriously, if you want to be captain awesome, you could just sell a large stake of the team now to somebody who wants the team to stay here.

It's a lose/lose for the city. Either give away stacks money you really can't afford to give (and that won't be politically well received) or risk being stuck with a giant albatross in the middle of Uptown Charlotte.

[Doc Holiday]

We're a top 25 market in the 10th most populated state, the panthers market is too big to leave, this is the same reason why behind Mexico, Charlotte is the next most likely landing spot for MLB franchise.

Teams more likely to leave are the Jags, chargers and raiders, the chargers and raiders would just be moving in state.

There is 0 reason right now for the panthers to leave so please quit talking about it because its annoying as fug.

[SCP]

@CBJspanberg: Beyond 6-yr hard tether city has option of 4 more yrs with lower damages or stadium transfer to city for $1 if team left.

@CBJspanberg: City needs 10 yrs to repay debt but only has 6 yrs of hard tether as city describes it.

@CBJspanberg: Mayor Foxx made first overture to Panthers in September. Mayor isn't at today's meeting.

[SCP]

We're a top 25 market in the 10th most populated state, the panthers market is too big to leave, this is the same reason why behind Mexico, Charlotte is the next most likely landing spot for MLB franchise.

Teams more likely to leave are the Jags, chargers and raiders, the chargers and raiders would just be moving in state.

There is 0 reason right now for the panthers to leave so please quit talking about it because its annoying as fug.

It's a current event, Doc. Gonna have to deal.

[Stroupe-a-loop]

It's a lose/lose for the city. Either give away stacks money you really can't afford to give (and that won't be politically well received) or risk being stuck with a giant albatross in the middle of Uptown Charlotte.

Pretty much.

[SCP]

@CBJspanberg: If city secures additional public funding for team through county or state by $50M terms could be extended.

[Delhommey]

We're a top 25 market in the 10th most populated state, the panthers market is too big to leave, this is the same reason why behind Mexico, Charlotte is the next most likely landing spot for MLB franchise.

Teams more likely to leave are the Jags, chargers and raiders, the chargers and raiders would just be moving in state.

There is 0 reason right now for the panthers to leave so please quit talking about it because its annoying as fug.

The Jags look ripe, though they do have the new owner. Not sure how much longer he can put up with having to tarp half his stadium though.

[SCP]

@CBJspanberg: If Panthers leave in 5 yrs after deal expires, can buy stadium at fair market value. City likely to start next stadium negotiation by 2019.

[SCP]

@CBJspanberg: City and Panthers might share game-day parking at NASCAR Hall of Fame deck. Such are benefits of empty tourism attraction ...

[CatMan72]

@CBJspanberg: Deal leaves $11M in conv center reserve fund. Kimble calls it 'slim margin' but says city likely to seek more from state for conv ctr later.

@CBJspanberg: Projects omitted because of smaller deal include club seat/suite improvements, indoor practice field, upgrades to team store.

Whew, glad to hear the team history area didn't fall by the wayside - I think it's something that is sorely needed by this young franchise.

[CatMan72]

A 6 year hard tether is better than no tether at all, but it's hard to settle for this when 15 was on the table at one point.

Thank you Governor McCrory, I plan to express my true appreciation during the next election cycle...

[CLEARHOT]

Thanks SCP for the updates. No offense to anyone and their opinions, but these talks concerning upgrades are pretty damn important. I want this team to be here when my son is old and gray.

[SpeedOFLight]

I've been trying to get an eye to this issue but unfortunately work has been kicking my butt. Thanks for the updates in this threads. It is greatly appreciated. I hope to call Charlotte my home soon :)

[SCP]

@CBJspanberg: Council will vote Monday on Panthers proposal.