The city of Charlotte has approved a $650 million public investment to support an $800 million renovation of the Bank of America Stadium, home to the Carolina Panthers and Major League Soccer’s Charlotte FC.
The investment ensures the Panthers’ long-term commitment to Charlotte, backed by a 20-year non-relocation clause. It also modernizes the stadium, improving fan amenities, infrastructure, and business opportunities for the surrounding area.
The planned upgrades will enhance the overall game-day experience. Fans can expect improved seating, modern concessions, advanced technology integration, and upgraded accessibility features. The renovation aims to make the stadium a premier venue for both football and soccer events.
City officials highlight the broader economic and community benefits of the project. The renovation is expected to create construction jobs, boost local businesses, and attract tourism to the area. Enhanced facilities will also allow the stadium to host concerts, events, and other entertainment, increasing year-round economic activity.
For the Panthers, the investment reinforces the team’s long-term presence in Charlotte. Team executives emphasized the importance of community engagement and maintaining strong ties with local fans, businesses, and civic leaders.
MLS’s Charlotte FC will also benefit from the upgrades. Improved infrastructure and fan amenities enhance the match-day experience for soccer supporters, helping to grow the sport’s popularity in the region.
Experts note that stadium renovations with public investment often generate positive ripple effects. Beyond job creation and increased revenue, they can spur neighborhood revitalization, support local vendors, and strengthen community identity around sports.
The project’s financing structure involves both public and private contributions, with the city providing $650 million and the team covering the remainder. This shared investment demonstrates a commitment to balancing civic benefits with professional sports operations.
Construction is expected to begin in the near future, with phased upgrades designed to minimize disruption to the Panthers’ season schedule. Long-term planning ensures that both the NFL and MLS teams can continue to host games while improvements are underway.
Fans and community members have expressed strong support for the project, citing enhanced amenities, economic benefits, and the assurance that the Panthers will remain in Charlotte for decades to come.
Overall, the $650 million public investment secures the future of Bank of America Stadium as a modern sports and entertainment venue. By combining upgraded facilities with economic and community benefits, the project represents a major positive development for Charlotte, its sports teams, and local residents.
