quypack93 wrote: Team generates a lot of money in the Charlotte area.  This is one of the few things that tax money actually pays for itself.

Jrb599 wrote: Hate that the tax payers have to pay for this.

abcfan2005 wrote: Why should the state of NC contribute any money towards this? Will Charlotte lose the team if we don't? I doubt it.

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--- wolfer79 wrote:

Carolina Panthers owner Jerry Richardson and Charlotte officials want the state to put $62.5 million toward the cost of more than $250 million improvements to the team's 17-year-old stadium.

Asked Wednesday why the team couldn't pay its own way, Richardson said, in short, because they don't have to. NFL teams, he said, "are so coveted, they don't have to pay. There are only 32."

www.wral.com/panthers-owner-ci...oval-/12100989/

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xCainx wrote:

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--- RandskinTonkbricks wrote:

www.wral.com/nfl-is-tax...-you-/12063209/

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.

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I'd imagine this is to protect professional sports, or they'd be guilty of all kinds of employment laws.....monopolistic behavior, limiting franchises, collusion, the amateur draft, ....

jus10ls wrote: there should never be taxpayer funding for any professional sports stadium or arena. let the ******* team pay for it.

Drlada wrote: Just dealt with 4 different states when picking where to build our factory - we picked the state that gave us the best incentives and what the area had to offer for our employees

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--- kenneth8383 wrote:



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--- Packonthehill wrote:

You guys are joking if you think this is worth the money. This is a classic case of wasted government money. What proportion of the state population do you think would like to see the money spent this way versus on one of the many other needs we have? 15%? 20%?

If any of you are against government waste and increased spending/taxation, you should be against this as well.

If the business can't succeed on its own, let it die or move to some state full of suckers.

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You clearly have no idea how economic development works. Large employers come to cities/states because of what those places are willing to offer the company (land, buildings, tax incentives, ect). It is not about a business being able to succeed on its own. A business is going to pick the place that gives them the potential to make the most money. If a place is not willing to do that, then a company will take their jobs elsewhere.

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abcfan2005 wrote: Wonder how the new Gov feels about this.

woodswolf wrote: 
IF nc spent the money on these upgrades what stops them from picking up and moving like the hornets leaving nc with squat but an empty stadium?

Drlada wrote: Just dealt with 4 different states when picking where to build our factory - we picked the state that gave us the best incentives and what the area had to offer for our employees

---------------------------------------------
--- kenneth8383 wrote:



---------------------------------------------
--- Packonthehill wrote:

You guys are joking if you think this is worth the money. This is a classic case of wasted government money. What proportion of the state population do you think would like to see the money spent this way versus on one of the many other needs we have? 15%? 20%?

If any of you are against government waste and increased spending/taxation, you should be against this as well.

If the business can't succeed on its own, let it die or move to some state full of suckers.

---------------------------------------------

You clearly have no idea how economic development works. Large employers come to cities/states because of what those places are willing to offer the company (land, buildings, tax incentives, ect). It is not about a business being able to succeed on its own. A business is going to pick the place that gives them the potential to make the most money. If a place is not willing to do that, then a company will take their jobs elsewhere.

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kenneth8383 wrote:

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--- woodswolf wrote:

Drlada wrote: Just dealt with 4 different states when picking where to build our factory - we picked the state that gave us the best incentives and what the area had to offer for our employees

---------------------------------------------
--- kenneth8383 wrote:



---------------------------------------------
--- Packonthehill wrote:

You guys are joking if you think this is worth the money. This is a classic case of wasted government money. What proportion of the state population do you think would like to see the money spent this way versus on one of the many other needs we have? 15%? 20%?

If any of you are against government waste and increased spending/taxation, you should be against this as well.

If the business can't succeed on its own, let it die or move to some state full of suckers.

---------------------------------------------

You clearly have no idea how economic development works. Large employers come to cities/states because of what those places are willing to offer the company (land, buildings, tax incentives, ect). It is not about a business being able to succeed on its own. A business is going to pick the place that gives them the potential to make the most money. If a place is not willing to do that, then a company will take their jobs elsewhere.

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IF nc spent the money on these upgrades what stops them from picking up and moving like the hornets leaving nc with squat but an empty stadium?

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If memory serves me correctly, the Hornets left Charlotte after a referendum for arena upgrades fell through.

woodswolf wrote:

kenneth8383 wrote:

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--- woodswolf wrote:

Drlada wrote: Just dealt with 4 different states when picking where to build our factory - we picked the state that gave us the best incentives and what the area had to offer for our employees

---------------------------------------------
--- kenneth8383 wrote:



---------------------------------------------
--- Packonthehill wrote:

You guys are joking if you think this is worth the money. This is a classic case of wasted government money. What proportion of the state population do you think would like to see the money spent this way versus on one of the many other needs we have? 15%? 20%?

If any of you are against government waste and increased spending/taxation, you should be against this as well.

If the business can't succeed on its own, let it die or move to some state full of suckers.

---------------------------------------------

You clearly have no idea how economic development works. Large employers come to cities/states because of what those places are willing to offer the company (land, buildings, tax incentives, ect). It is not about a business being able to succeed on its own. A business is going to pick the place that gives them the potential to make the most money. If a place is not willing to do that, then a company will take their jobs elsewhere.

---------------------------------------------

IF nc spent the money on these upgrades what stops them from picking up and moving like the hornets leaving nc with squat but an empty stadium?

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If memory serves me correctly, the Hornets left Charlotte after a referendum for arena upgrades fell through.

yeah but didn't taxpayers pay for the original stadium?   and wasn't there lawsuits or some kinda craziness involving the owner at the end?

PretzelPack wrote:

copper2945 wrote:

boonewolf1 wrote: 125 million in rehab, it needs that much? Really.

I actually just heard on Charlotte radio it might be closer to 200 million.  Wonder if they put a dome on it to try and host a Super Bowl.

**Edit to add a retractable roof is in the talks based on what I am listening to right now.  Possibly Charlotte trying to get into the National Championship rotation and possibly having a "Opening Weekend" game like Atlanta and Dallas.

A retractable roof would cost something like $400 to $500 million and I haven't seen an old stadium add one yet. The cities that have decided to build retractable roof stadiums have built new stadiums. The Falcons are looking to scrap the Georgia Dome and build a retractable roof stadium at the same site for $1 billion. The Georgia Dome is only 4 years older than BoA Stadium and had a $300 million renovation is 2006 and as most know things haven't gotten cheaper since then.

PretzelPack wrote: Aren't the PSL's due to flip soon. Weren't they for 20 years? So someone who bought a PSL in 1996 and maintained it will have to ante up again in 2016? Is that right?

NCSUWarrior wrote: If people in the Charlotte metro area want to pay for this thing, then by all means proceed. However there is a snowballs chance the NC General assembly will pay a dime for the stadium upgrade. What sense does it make for someone living in Elizabeth City to pay for a stadium in Charlotte? Also, NC is currently 2.5 billion in the hole for unemployment benefits paid out during the recession. The last thing we need to do is spend money on a stadium upgrade.

It's time these cities start calling the NFL's bluff. These stadium upgrades across the country have gotten out of control mostly for the benefit of a few billionaires. And yes I know the local economies benefit from the teams, but prove to me the people in Charlotte wouldn't spend that money elsewhere if there were no team.

1321wolf wrote:

NCSUWarrior wrote: If people in the Charlotte metro area want to pay for this thing, then by all means proceed. However there is a snowballs chance the NC General assembly will pay a dime for the stadium upgrade. What sense does it make for someone living in Elizabeth City to pay for a stadium in Charlotte? Also, NC is currently 2.5 billion in the hole for unemployment benefits paid out during the recession. The last thing we need to do is spend money on a stadium upgrade.

It's time these cities start calling the NFL's bluff. These stadium upgrades across the country have gotten out of control mostly for the benefit of a few billionaires. And yes I know the local economies benefit from the teams, but prove to me the people in Charlotte wouldn't spend that money elsewhere if there were no team.

What sense does it make for somebody in Charlotte to pay for a road in Elizabeth City?

You could make the same criticism of almost everything the government spends taxpayer money on. The standard "public good" argument is mostly nonsense.

MattNicholson wrote: Is the tab up to $250M now??

1321wolf wrote:

PretzelPack wrote: Aren't the PSL's due to flip soon. Weren't they for 20 years? So someone who bought a PSL in 1996 and maintained it will have to ante up again in 2016? Is that right?

Permanent seat license means permanent. There is no expiration on them. You're thinking of NC State LTR's.