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Charlotte’s tennis bid coming up short of $130 million incentives target

By Charlotte Business Journal

Proposed River District, Source: CORRIE SCHAFFELD | CBC The city of Charlotte, Mecklenburg County and state government have committed a combined $115 million to help pay for Charleston-based Beemok Capital's proposed $400 million tennis complex in The River District. It's part of a deal that would relocate the Western & Southern Open professional tennis tournament here from Cincinnati.

By Charlotte Business Journal

CHARLOTTE — The $30 billion state budget passed by the N.C. General Assembly this week includes $20 million for a proposed tennis center in Charlotte.

That’s the good news for the local effort behind that facility.

SEE RELATED: Western and Southern Open could be one step closer to coming to Charlotte

And the bad? Backers had hoped for $25 million, or even as much as $30 million, to boost the available public funding for the project to $125 million to $130 million, or roughly one-third of the anticipated construction cost.

Charleston-based Beemok Capital, owner of the Western & Southern Open tennis tournament in Cincinnati, has been in talks with Charlotte-area government and business leaders for the past nine months about possibly moving the annual event here as soon as 2026. To do that, Beemok and city and county leaders proposed building a $400 million tennis center in The River District in west Charlotte.

Keep reading here.

(WATCH BELOW: Commissioners approves $30M in contributions to major tennis complex in the River District)

Commissioners approves $30M in contributions to major tennis complex in the River District

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