Charlotte

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    Re: Panthers Tax

    A blog post yesterday explained the special tax break for the Carolina Panthers and Charlotte Knights that is back again before the General Assembly, this time buried in a bill that would do two important things: 1) rectify North Carolina’s confusing criminal code and 2) allow businesses to file annual reports to the…
    Joseph Coletti, October 3, 2017
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    Panthers Tax

      Bad legislative ideas never die, they just get tucked in other bills. So it is with a tax subsidy for the Knights and Panthers. Most sports venues in North Carolina are owned by a local government, university, or other public entity that charges something more like a market rate…
    Joseph Coletti, October 2, 2017
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    Stadiums are liabilities

    Julie Tisdale, in her newest report on competing bids to bring Major League Soccer to North Carolina,  highlights one of the big mistakes people make when considering buildings, roads, and other infrastructure. Usually, under publicly funded stadium plans across the country, the city or county retains ownership of the…
    Joseph Coletti, August 4, 2017
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    Charlotte, Raleigh Groups Pursue Different Paths For New Pro Soccer Team

    Prospective owners are pushing competing plans to bring Major League Soccer to Charlotte or Raleigh. The Charlotte plan calls for taxpayers to foot the bill for most of the cost of a new stadium. Meanwhile, the Raleigh plan calls for private financing of a stadium that would sit on leased…
    Donna Martinez, July 31, 2017
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    JLF’s Jon Pritchett in the Charlotte Observer: There’s Hope For Charlotte’s Future In Banking, Finance

    Writing in the Charlotte Observer, our Jon Pritchett analyzes Charlotte’s role in the finance industry. He says the city still has a strong future despite national bank consolidation. Among his thoughts: Charlotte may not ever go back to leading the nation in the number of giant banks headquartered downtown, but…
    Donna Martinez, May 25, 2017
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    Update: Charlotte won’t back stadium proposal

    Charlotte was supposed to vote late tomorrow afternoon on a proposal to fund 25% of a new soccer stadium.  While the county voted this morning to proceed, the Charlotte mayor just released this statement: We are canceling the City Council Friday 4 p.m. meeting scheduled to discuss the MLS deal.
    Julie Tisdale, January 26, 2017
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    Mecklenburg Commissioners just voted for a terrible deal

    This morning, Mecklenburg County Commissioners voted 5-4 to spend millions of dollars of taxpayers’ money to subsidize a very wealthy family’s pursuit of a potentially extremely lucrative professional soccer team.  The county won’t own the team, so those profits won’t go to the county.  But they will own the stadium…
    Julie Tisdale, January 26, 2017
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    Charlotte’s I-485 opens today!

    From the Charlotte Observer: After 27 years of construction, the last piece of Charlotte’s outerbelt will be finished and open for traffic on Friday, June 5, the N.C. Department of Transportation said Wednesday. That means a motorist can soon drive an entire 67-mile circle around the…
    Sarah Curry, June 5, 2015