The Charlotte City Council approved $650 million in taxpayer money for renovations to the 29-year-old Bank of America Stadium, where the Carolina Panthers play football.
This more than generous surge in public funds, which the Council approved by a 7-3 vote, comes even though Panthers Owner David Tepper is the third wealthiest owner in the league with a reported net worth of $20.6 billion and could have easily funded the renovations himself.
According to the plan, Tepper is to contribute $150 million.
“Today’s vote by the Charlotte City Council is the culmination of many thoughtful discussions with city officials, local leaders, and our fans to create a shared vision for Bank of America Stadium,” Tepper said in a statement posted to the team’s X account. “Nicole and I are grateful for the collaboration and support of the project, as well as our ongoing partnership…
