CHARLOTTE, N.C. — The Bank of America Stadium has been home to the Carolina Panthers for nearly 30 years.
It's a place where Panthers fans and more recently Charlotte FC fans and music lovers have gathered to create unforgettable memories. Now this decades-old venue needs to evolve to meet the needs for the future.
Tepper Sports & Entertainment and the City of Charlotte have proposed a partnership for a long-term agreement that would update Bank of America Stadium, keeping this important community asset in its prime Uptown location.
This renovation will enhance the fan and player experience, modernize infrastructure, and continue to deliver world-class sports and entertainment to Charlotte and the region for years to come, all while driving billions in economic impact for the city.
The City's investment does not require any new or increased taxes. It will be funded by existing hospitality and tourism tax resources, which are legally required by the state to be spent on projects to support the city's tourism economy.
The restricted funds cannot be used for other city functions like transit, education, affordable housing, or public safety.
"Our goal is to build a collaborative partnership so that this community asset can continue to generate unique and memorable experiences for fans, as well as economic impact for the city and region for years to come," Carolina Panthers team president Kristi Coleman said.
What's to come:
- Brand-new seats installed throughout the stadium
- Improved accessibility throughout the facility, designed and constructed in a way that allows those with a range of disabilities to have access without barriers.
- Stadium safety and security enhancements, including illuminated wayfinding and improved lighting
- Reimagined South Lawn Pavilion area that can be used as a community gathering spot and outdoor classroom on games days and non-event days
- Enhancements to the stadium exterior to reaffirm its place as an iconic, beloved fixture of the Charlotte skyline.
- upgraded bathrooms throughout the stadium for better sustainability, accessibility, and speed of service.
- A reduction of our impact on the environment and demand on city infrastructure through the modernization of the building systems, including mechanical, plumbing, electrical, and HVAC.
Details of the proposed partnership:
The renovation would be an ongoing partnership between TSE and the City of Charlotte.
Total investment includes:
- A fixed investment of $650 million from the City of Charlotte over the term of the deal.
- A total investment of $688+ million by Tepper Sports & Entertainment, including $117 million that was invested prior to June 2024 and an estimated $571 million ($150 million towards the renovation plus potential overages, and an estimated $421 million for capital improvements over the term of the deal.)
Importance of Bank of America Stadium to the community:
Charlotte has become one of the fastest-growing metropolitan areas in the country and a marquee destination for sports and entertainment events, many of which take place at Bank of America Stadium.
The city has one of the oldest stadiums in the NFL and, at the same time, one of the most active buildings in the NFL and MLS.
Since 2018, TSE has opened the stadium to create nearly year-round programming around the NFL schedule, with MLS and international soccer, stadium-filling concerts, NCAA and high school football as well as 100 corporate and community events.
MORE WAYS TO GET WFMY NEWS 2
Subscribe to our daily newsletter Let’s Get 2 It!
Download the WFMY News 2 APP from your Apple or Google Play store.
ADD THE WFMY+ APP TO YOUR STREAMING DEVICE
ROKU: Add the channel from the ROKU store or search for WFMY.
Amazon Fire TV: Search for WFMY to find the free app to add to your account. You can also add the app directly to your Fire TV through your Amazon account.