Local

Tax for Panthers stadium gaining momentum in Raleigh?

By Charlotte Business Journal

NFL: AUG 08 Preseason - Panthers at Bears CHICAGO, IL - AUGUST 08: A detail view or a Carolina Panthers helmet is seen on the field prior to game action during a NFL preseason game between the Carolina Panthers and the Chicago Bears on August 8, 2019 at Soldier Field, in Chicago, IL. (Photo by Robin Alam/Icon Sportswire via Getty Images)

By Charlotte Business Journal

CHARLOTTE — A move this month by local tourism executives to extend existing tourism taxes — primarily to pay for extensive renovations of the NFL Carolina Panthers’ home field — has the backing of the N.C. Restaurant and Lodging Association, the lobbying group’s leader told CBJ.

Lynn Minges, president and CEO of the Raleigh-based organization, said that state legislation introduced by Mecklenburg Republican John Bradford needs some minor tweaking but is palatable. Minges added that the NCRLA continues to discuss the bill with hotel and restaurant executives and business owners in Mecklenburg County and beyond.

ALSO READ: Bank of America naming rights for Panthers stadium agreement ending soon

Bradford’s bill passed committee votes this month but still must gain approval from the full House and then do the same in the Senate. The bill would extend two taxes, one on hotel rooms and another on prepared food and drink, to 2060. Currently, both are set to end within 15 years.

Read the full story here.

(WATCH BELOW: Panthers 2023 NFL schedule released)

Panthers 2023 NFL schedule released

©2023 Cox Media Group

Most Read