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Charlotte backs $144M for stadium

Updated: February 8, 2013, 6:05 PM ET
Associated Press

CHARLOTTE, N.C. -- Charlotte's city council has agreed to a plan that would give the Carolina Panthers nearly $144 million from a food-and-beverage tax hike to pay for upgrades to its downtown stadium, Mayor Anthony Foxx said Friday.

Foxx said North Carolina General Assembly approval would be needed for the city to increase its prepared food-and-beverage tax by one cent. That part of the deal hasn't been settled.

The money would be paid over 15 years and requires the team to ...

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