NC House agrees to tweak taxes for Panthers’ home
RALEIGH, N.C. (AP) – North Carolina House members have agreed the city of Charlotte can spread around local hotel and prepared foods tax revenues to pay for upgrades sought by the Carolina Panthers to its downtown stadium.
The full House voted Wednesday in favor of the measure that expands how the city can use Mecklenburg County revenues beyond the Charlotte Convention Center to help with renovations to Bank of America Stadium.
The bill doesn’t raise taxes as city leaders originally wanted and generates less than the team sought from the city. The Panthers want to begin stadium renovations of up to $300 million after next season.
The measure was approved on a voice vote because it’s considered a local issue. Two committees debated the measure this month. The bill now goes to the Senate.
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