Panthers owner asks state to help upgrade stadium

Carolina panthers owner Jerry Richardson asks lawmakers to help with stadium renovations

RALEIGH, N.C. (AP) -- Carolina Panthers' owner Jerry Richardson is asking state lawmakers to help finance an upgrade for Bank of America Stadium.

Richardson told lawmakers in Raleigh on Wednesday that he would like $62 million in state aid along with state approval for $144 million in higher local taxes.

Richardson and team President Danny Morrison were at the meeting with Charlotte Deputy City Manager Ron Kimble, who outlined the plan.

Richardson insisted he has no plans to move the team and says he's offended that anyone would suggest he's made that threat.

Richardson says he's turned down two buyers. But he did tell the lawmakers he plans to sell the team before he dies because of the tax implications.

Morrison has said the master plan calls for between $261 million and $297 million in upgrades to the 16-year-old stadium in Charlotte.

  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.

    Trading Center

    Yahoo! Finance on Facebook

    POLL

    In the wake of the Washington state bridge collapse, would you support a tax hike for infrastructure projects?

    Loading...
    Poll Choice Options