CHARLOTTE, N.C. - The Carolina Panthers may not want this MVP award, but they’re stuck with it. The NFL franchise’s Bank of America Stadium ranks as Mecklenburg County’s MVP, as in most valuable property.
It’s worth $572.3 million, according to a CBJ analysis of the just-completed county revaluation.
After the previous revaluation, in 2011, the county determined the stadium was worth $134.9 million. The 75,000-seat home of the Panthers opened in 1996 and cost $248 million to build, or roughly $400 million in 2019 dollars.
Based on those figures, the value quadrupled over eight years. That era spanned the end of the Great Recession and included nearly $200 million worth of stadium improvements funded by the team ($102 million) and city government ($75 million). Additions and upgrades included escalators to the upper level seats, new scoreboards, a makeover of the luxury suites and a new sound system.
Read the full story and check out the rest of Charlotte’s most valuable commercial properties here.
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