Charlotte votes to renovate

Updated: April 22, 2013, 11:20 PM ET
Associated Press

CHARLOTTE, N.C. -- Charlotte's city council voted unanimously Monday night to approve an agreement to provide $87.5 million for upgrades to the Carolina Panthers' 17-year-old stadium in exchange for a commitment to stay in North Carolina's largest city for at least another six years.

The council's action came on a voice vote. It means the city will contribute $87.5 million in hotel tax and food and beverage tax revenues for renovations to Bank of America Stadium, which is less than the ...

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