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Richardson meets with NC Senate leader on stadium

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RALEIGH, NC (AP) -- Carolina Panthers owner Jerry Richardson has met with the Republican leaders of the North Carolina Senate to talk about improvements for the team's stadium in Charlotte.

The Charlotte Observer reported that Richardson went to Raleigh for the meeting on Tuesday.

Rockingham Sen. Phil Berger would not talk about what he and Richardson discussed during the meeting.

Berger is the last of the key state leaders Richardson has met with to try to get about $62 million in state help for a planned $250 million renovation.

Richardson met last month with Gov. Pat McCrory and House Speaker Thom Tillis. McCrory is the former mayor of Charlotte.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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supposedly

Tillis has already expressed his opposition to this.
Apparently for much the same reasons that were used here - that it's not a function of government to get involved in this except for possible incentives and or tax breaks.
McCrory needs to know he leads ALL the citizens not just the Panthers or football fans.
He would be well advised to advise Richardson that it's a no go with state monies.
Gee between this and the pay raises and 1000 appointees he's looking like a real fiscal conservative eh?.
Only joking Tom

Vog

Stadium

Yet another member of the Millionaire/Billionaire Beggars Club has shown up in North Carolina. This time it is the Carolina Panther’s owner. His message is give me 62 million dollars or I will take my team and leave. I say do not let the door hit you in the ass as you go. It is your team, it is your business, and any stadium improvements that YOU WANT are YOUR RESPONSIBILITY. If I understand this correctly, you want tax payer’s state wide to fund this. Please explain why your team deserves tax payer funding. If your team is an economic juggernaut, why is the state broke? Tax payers should never be required to subsidize private industry…………

Rick

Were you aware that NFL clubsa re consdiered non profit and don't pay ANY corporate taxes already?

"The National Football League is a $9 billion-a-year industry, but it's a nonprofit in the eyes of the Internal Revenue Service. The league pays no corporate income taxes. The Atlantic Coast Conference gets the same treatment as a charity, even though it pulled in $293 million in revenue last year, according to Forbes.

The WRAL Investigates team looked at the nonprofit exemptions, which were built into the tax code long before big TV money deals."............

http://www.wral.com/nfl-is-tax-free-how-much-does-it-bother-you-/1206320...

Vog

Rick

were you in the room when the message was delivered?

He has made no threat to move the Panthers if the state does not pony up 25% of the funds required for the renovations.

I'm pretty confident the folks in Charlotte and Meckelenberg County do not share your thoughts.

its funny but true

http://www.charlotteobserver.com/2013/02/05/3835456/oh-dont-fret-stadium...

If you are really conservative or libertarian this intrusion of government into the private sector.

Of course the above Op-Ed piece is tongue in cheek but points out the lunacy of it all

Vog

Tillis says "NO" to Panthers handout

http://www.charlotteobserver.com/2013/02/04/3827989/panthers-funding-sol...

According to the Charlotte News

"Tillis said Tuesday he can’t support giving state tax dollars to the Panthers. That’s probably not the last word from Raleigh, but Richardson should come up with another idea, anyway. He could look to the National Football League’s most storied franchise for inspiration."

Its also odd that I could find nothing in the NC Constitution that allows for this money to be given to a private company. The state allows counties, cities and towns to set up special taxes for this but there's no provision in the state constitution that allows for state funds to be used this way. We can offer incentives but no direct payments from what I can see.

Vog

stadium

Tom,
I was not in the room but, the implied threat is very real. When the Governor was the Mayor of Charlotte, he by passed a no vote on the minor league stadium and built it anyway. I have alot of friends in Charlotte and none of them were impressed that he by passed the vote. Most I have talked to do not want to fund this either.
We have schools (state wide) doing without needed resources. We have roads (state wide) in dire need of repair. If the funds are not available for these projects, why/how do they magically appear to subsidize stadiums for private enterprise? I believe 62 million dollars would help the schools and repair quite a few roads........

This.......

is why we were smart to vote down our stadium
This is extortion, plain and simple on a major league scale.
The problem here is the Governor LOVES Richardson and loves the Panthers.

If yo are against the government helping out a private business like you were for the Braves then you HAVE to be against this.

C'mon Surf City.......you railed against the ball park.
What say you?

Vog

Well Vog

I was at the legislature that day.

A couple of points. He's looking for the state to kick in about 25% of the projected renovation costs. Not certain how much he is seeking from Charlotte or Mecklenberg County. I think even with their contributions, he's still putting up 50% of the costs.

He's not seeking support for routine maintenance costs.

To my knowledge, he's not had to hold out his hand for government money. I believe it was his cash and borrowing ability which built the stadium.

Far different from the "chuckles" endorsed proposal which would have had the city foot the entire bill as well as maintenance costs.

There's a big difference between a lower Class A minor league baseball team and an NFL franchise.

Now if he was smart, he would get the stadium named as one of those foriegn investment projects. Then just get 500 Chinese and third world wealth holders from places like Iraq abd Pakistan and he has his $250 million with no borrowing.

Before I take a position, I'd like to know how much Charlotte and Mecklenberg County are kicking in.

He's still putting a fair number of his personal dollars on the line. Unlike the baseball proponents who effectively were trying to do one of those no money down real estate deals in which others assumed the risk while they pocketed the profit.

Tom

Sorry but no government at any level should be involved in this.
Ericksson stadium was privately funded and was build on an old hospital grounds. it had other properties it was looking at but chose this one.

I am fully aware of the difference between Minor League Class A and the NFL.
This is pure extortion given that LA is looking for a team to move there.
I don't care whether its 25% or 10% this is not a function of state government and McCrory and the Legislature risk losing any modicum of support from me if they approve this travesty.
Again - its extortion and not a state government function.

Vog