Transformational Economic Development Investment

Bank of America Stadium, a key economic development asset for the Charlotte Region, could be upgraded in the coming years. Charlotte's leading economic development organizations have come together in support of making a generational investment in Bank of America Stadium that will secure a multi-decade commitment between our City and two of our major sports franchises.

This public-private investment is a strategic move to modernize and advance one of our foundational public hospitality assets. Bank of America Stadium is uniquely seated in the heart of the region in Uptown Charlotte and serves as one of the Carolina's most powerful economic assets, driving $1.1 billion in economic impact every year.

Andrea Smith, Interim CEO of the Charlotte Regional Business Alliance offered the following statement:

"To remain competitive, we must play to win. An upgraded Bank of America Stadium is a vital ingredient in any economic development formula. As the voice of business, the Charlotte Regional Business Alliance thanks the Tepper organization and the city of Charlotte for being willing to make such a critical investment in this community's future and appreciates the city council's consideration of this transformational project."

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Dear {{custom:job_title}} {{custom:last_name}}, Thank you for your service to the city of Charlotte and the residents and businesses in the city. Charlotte's leading economic development organizations have come together in support of making a generational investment in Bank of America Stadium that will secure a multi-decade commitment between our City and two of our major sports franchises.  I want to thank you for your thoughtful consideration of the proposal and encourage you to support this important investment in one of our most powerful economic assets. This public-private investment is a strategic move to modernize and advance one of our foundational public hospitality assets. Bank of America Stadium is uniquely seated in the heart of the region in Uptown Charlotte and drives $1.1 billion in economic impact every year. As you know, funding for this proposal comes from the food &amp; beverage and occupancy tax revenue that must be dedicated to tourism-related projects and infrastructure. Hospitality and tourism partners are enthusiastic about these specific funds being used to support this proposal. Andrea Smith, Interim CEO of the Charlotte Regional Business Alliance shared her perspective: "To remain competitive, we must play to win. An upgraded Bank of America Stadium is a vital ingredient in any economic development formula." Thank you again for your consideration and I would encourage you to support this important investment in one of our most powerful economic assets.

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https://charlotteregion.com/pages/public-policy/

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