CHARLOTTE, N.C. (AP) – The Charlotte City Council is endorsing a request by the Carolina Panthers for $125 million in public money to make renovations to the home of the Carolina Panthers.
The Charlotte Observer reports (http://bit.ly/13ATnWy ) that the council voted 7-2 to see if the N.C. General Assembly will back the proposal. The plan also needs the approval of Republican Gov. Pat McCrory, who served seven terms as mayor of Charlotte.
Under the city’s plan, discussed Monday night, a 1 percent tax on prepared food and beverages would be increased to 2 percent. That money would help fund renovations for Bank of America Stadium, the team’s home since 1996.
If the General Assembly approves the tax increase, the City Council would then take a vote in open session to enact it.
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