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Richardson asks lawmakers to help renovate stadium

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RALEIGH, NC (AP) -- Carolina Panthers' owner Jerry Richardson is asking state lawmakers to help finance a stadium upgrade.

Richardson told lawmakers in Raleigh on Wednesday that he would like $62 million in state aid along with state approval for $144 million in higher local taxes.

Richardson and team President Danny Morrison appeared at the Mecklenburg County delegation meeting with Charlotte Deputy City Manager Ron Kimble, who outlined the plan.

Richardson insisted he has no plans to move the team. He says he's offended that anyone would suggest he's threatened to move the team.

Richardson says he's turned down two buyers. But he did tell the lawmakers he plans to sell the team before he dies because of the tax implications.

The agreement would tie the team to the city for 15 years.

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 This material may not be published, broadcast, rewritten or redistributed.)

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I don't want my tax dollars

I don't want my tax dollars going to pay for a stadium that is owned by a rich person in Charlotte. No baseball stadium for Wilmington, no tax dollars for Jerry!

How many state employees

How many state employees lost their jobs under the reign of Bev Perdue? How many are facing job loss this year due to more cuts? I think the state would be better served in reinstating some of those cut programs and putting these people back to work. The state should not be in the business of funding private enterprise.

SHHH!!!!

SHHH!!! Be QUIET! The folks around here will FREAK if they hear the word STADIUM! You're gonna cause an earthquake of epic proportions! Now delete that word, WWAY! Sheesh!

It's not stadiums that we

It's not stadiums that we are against. It's taxpayer funded stadiums that we are against.

Baseball got your point

Last Nov. your point was clearly made. Baseball got your point as well.
The message sent to them was Wilmington NC will not support Baseball and doesn't want baseball. I don't look for you to face this problem again in our life time.

Mr T

The message sent to "baseball" was that historically we didn't support it and we were not going to risk our money in the hope it would succeed for someone else to profit by it.
You want it? Build it

Vog

Still "misstating" reality T-Ball?

Wilmington never said it didn't want baseball. It always said it didn't want taxpayer funded baseball. You know that. You've always known that, yet you continue to "misstate" that, even after the voters made that perfectly clear.

You saw it a milllion times in the posts, "against taxpayer funded stadiums, so cut the crap.

Give me a break -- we're

Give me a break -- we're taxed to death already. It's his ball game, let him finance it. Geez ... this guy has some nerve.

I hate to say it but this is

I hate to say it but this is a done deal. McCRory cut this deal before being elected.

Nice name

Imitation is the best form of flattery.

Worth 500 Million

Jerry Richardson is worth 500 million and he is asking for us to pay so he can make more money. If they do anything they should loan him the money when he puts up the team and Stadium up as collateral. That way the tax payers will get there money back.

It costed 248 million to build and is own by Carolinas Stadium Corp which is a private company. So, all money that is generated there does to the private owners.

Our elected officials...

should tell Jerry Richardson to go pound sand. If he wants the stadium renovated, he should pay for it along with the folks in Charlotte.

Begging for Money

Why should we give these guys any money. They are making millions off the team and then they want tax payers to give them more. Have the orginal loads been paid off?

Also, if he sells the team or dies, the new owners can move the team. Let NFL pay to make money.

Nope

I don't think the Legislature should consider this - and I'm not alone:
http://obsdailyviews.blogspot.com/2013/02/panthers-agreement-far-from-do...

".....The $143.75 million agreement between the team and city is more tentative than you might think. Morrison indicated that the state has a lot to say about the deal - not only by approving the 1 percent prepared food and beverage tax that Charlotte officials want, but by contributing $62.5 million toward the stadium renovations. It's likely state lawmakers will give Charlotte the authority to levy at least some of that tax increase, but House Speaker Thom Tillis has been very clear that he doesn't support direct money to the Panthers from the state....."

Vog

Hey Vog

I agree on this one; no state support. If the City and County, which benefit most directly from the team, want to ante up, that's their call. They do have some chips on the table.

2 Points:

A. if the article I read was accurate, the repairs and upgrades are being called for by the NFL which inspected the stadium at some point in the past 12 months. This is not a case of adding a bunch of revenue generating sky boxes.

B. He made it clear, he was not going to move the team. There was never any threat to do so.

Another point, I'm not certain if this is a request for grants or direct funding. I saw a portion of the proposal; and each participant in the total funding pool is in for 15 years.

He does note he intends to sell the team prior to his death. He's in his 70s; not certain if a sale can be limited to someone who will keep the team in Charlotte. I think that was the committment required for the last sale of the Redskins. The buyer agreed not to move the team.

I dunno about that Tom

" if the article I read was accurate, the repairs and upgrades are being called for by the NFL"

Here's a breakdown of the repiras upgrades from WCNC CHarlotte:

$84 million – video boards, technology upgrades
$28 million – escalators, elevators at three entrances
$62 million – infrastructure (seats, concrete, HVAC, playing fields, etc)
$16 million – entry gate changes (including security additions)
$35 million – upgrades to 100/500 levels
$29 million – club/suite level upgrades
$30 million – team area (locker room, weight room, etc.) and indoor practice facility
$13 million – “new concepts”, i.e., street fan experience, bunker suite, field club, and possibly parking
*****************************
Esc/El maybe
Infrastructure - yes definitely
Entry gates - yes probably

But electronic scoreboard, club suite upgrades, street fan experience, upgrade to the 100/500 levels?
I don't think they're required by the NFL.

As for the "move" Jerry did not have to say a thing because it's no secret that LA is looking for the NFL to return with either 1 or 2 teams.
That said - I believe that Jerry wanted to keep the team here however, given his age a sale might not have been too far fetched.
At this point the only thing that matters is how much the legislature will allow on the tax issue.
Funny how the GOP does NOT mind raising certain taxes, or allowing others to raise them, isn't it?

Vog

I never said

I approved of it or thought it was the right thing to do.

No you didn't

You honestly said you'd think on it.
Nor did I ever accuse you of approving it.
Nor did you ever answer the question:
"Funny how the GOP can approve tax increases or allow others to raise taxes, isn't it?"

The renovations don't look to be driven by the NFL for the most part. They do recognize that BoA stadium is one of the older ones though.
Richardson is plainly thinking that he had McCrory by the short hairs in Charlotte and is playing his hand again - this time for some unnecessary renovations. Charlotte/Mecklenburg is kicking in but Tillis has apparently thrown cold water on the deal with the state funds.
No government, at any time, should do this with income or property taxes. State law does allow for specific revenue streams be used but the law only addresses cities and counties - it apparently does not address tax monies at the state level.
Thank goodness Tillis had a level head on this one. I had hoped Pat would have come out and said "in today's tough economic times asking all state residents to pay, even an insignificant amount - is a fool hearty use of scant state monies."
His silence was "telling"

Vog