CHARLOTTE, NC – Panthers president Danny Morrison spoke to members of the Charlotte Chamber Monday to update them on the progress in talks with state and city lawmakers to help pay for Bank of America stadium upgrades.
“We're still working through the process,” Morrison said to reporters after the meeting.
“I'm confident,” he added.
Charlotte's City Council is backing a plan to give the Panthers nearly $144 million from a food and beverage tax increase to pay for stadium upgrades and the team is seeking more than $62 million in state funds. The team would pay $96 million.
The primary objectives include installing three escalators to reach the upper level, new video and ribbon boards and an improved sound system, as well as upgrading technology and stadium infrastructure. Morrison said he wants to begin the renovation work immediately following the 2013 NFL season.
“The time line is important, and I'll tell you why. We have only short windows to do the project….You have a 6 month increment; you have to do it from the time the season's over, to the beginning of the next year,” he said.
Morrison ruled out moving the team to play elsewhere temporarily while the stadium is under construction. He says drawing up plans, ordering materials, and having things in place by in the end of the season requires swift action now.
“The sooner it comes to resolution, would be the better for everybody.”