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Charlotte city council approved $650 million in public funds for Bank of America Stadium renovations

In a Monday night vote this week, Charlotte city council approved, in a 7-3 vote, a request by the Carolina Panthers for $650 million in public funds to be used in a proposed $800 million renovation for the aging Bank of America Stadium. The 20-year agreement ties the Panthers to Charlotte for the next generation of Panthers fans.

More (preliminary) information on the details of the proposed renovations can be found here.

Interestingly, both the Panthers and the Jacksonville Jaguars have recently received public help with funding their new stadium initiatives while the reigning Super Bowl Champion Kansas City Chiefs did not.