Friday roundup: Pritzker endorses “infrastructure” spending for Bears, Royals could soon propose Kansas vaporstadium

It’s Friday, which means I had to take valuable time away from reading about the Mafia luring rich people into playing in rigged poker games in order to hang out with NBA players who scored 6.6 points a game so that I could instead sum up the rest of this week’s stadium and arena news, for you, because I care.

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Friday roundup: Stochastic parrot edition

Guys! The AI industry needs our help! Nobody wants AI, and AI has lots of AI, so AI is paying AI to make more AI and sell it to AI and making it up in stock price, and that can’t end well! Let’s help out by asking poor li’l ChatGPT to write this week’s Friday roundup, I’ll check in and see how it does:

Friday roundup: Bears still begging, Thunder still building, and Jaguars still staircasing

[Not terrible, not great. Really the headline should reference the top items, and also what the hell is “staircasing” supposed to mean?]

It’s Friday, which means it’s time once again to spin the roulette wheel of public cash and see which stadium and arena schemes landed on taxpayers this week:

[“Spin the roulette wheel of public cash” is a terrible turn of phrase. Also, to complete the metaphor, the wheel should be “landing on” various schemes, not the schemes landing on taxpayers.]

  • San Diego’s Midway Rising plan to replace Pechanga Arena with a new 16,000-seat venue and a pile of housing and retail is inching toward a December 5 planning commission deadline, with the city still wrangling over traffic impacts, affordable housing quotas, and who gets the upside from the $3.9 billion redevelopment. Because nothing says “revitalization” like betting on a 1970s arena site to turn into a housing solution via sports subsidies.

[I haven’t written much lately about Midway Rising, which would replace the former home of the San Diego Clippers, among others, with one of those mixed-use district that are all the rage now, including a new arena. The whole project would cost $3.9 billion, and if ChatGPT knew that it could look back at old articles to understand this week’s, it would have found Voice of San Diego’s explainer about how the project would get an Enhanced Infrastructure Financing District, which is basically a TIF that would kick back property taxes around the site to the developers. How much in taxes? Voice of San Diego didn’t say, and ChatGPT didn’t email property tax economist Geoff Propheter to ask, and Geoff hasn’t gotten to my email yet, so ¯\_(ツ)_/¯. The last line, meanwhile, is a decent attempt at FoS-style snark, but points off for it not meaning anything.]

  • Oklahoma City’s new $900 million Thunder arena is still on track for a 2028 opening, after voters okayed a 1% sales tax to fund most of it. The latest renderings feature lots of glass and “urban integration,” which probably means the public will be paying for a very expensive window. Construction could start in 2026, with the city touting it as a 21st-century civic monument and critics calling it a half-billion-dollar bribe to keep the team happy through 2050.

[Oh come on, you link to fresh vaportecture and don’t even run the images, let alone clown on the woman in the short-shorts who is about to jog right into a stair railing? Also, how is it a half-billion-dollar bribe when the public is spending $850 million? Zero stars!]

  • The Chicago Bears are back trying to convince Illinois taxpayers to help fund their new domed stadium in Arlington Heights, which team execs insist is the “only viable” site. They already own the land, but are still pushing for $855 million in public infrastructure money, because no NFL owner can resist a good subsidy play before kickoff. If they can pull this off, they say they’ll even be nice enough to bid for a Super Bowl in 2031.

[This is not news. Or rather, it was news last week, which is when we covered it.]

  • Penn State’s $700 million Beaver Stadium renovation keeps creeping forward, promising better luxury seating and a closer-to-the-field fan experience, though the main takeaway seems to be that even college football programs are now acting like pro franchises when it comes to stadium arms races. There’s also an Adidas sponsorship wrinkle, just to make sure the project stays as corporate as possible.

[College football programs have been acting like pro franchises for a long time, but they’re outside the scope of this site because life is short. If all it cost to cover college stadiums was consuming every last drop of water on the planet, I guess I might consider it.]

  • The Albany Firebirds’ Arena Football League announced an expansion team in Saginaw, Michigan — the Michigan Arsenal — which will play at the Dow Events Center. It’s minor-league stuff, but still one more example of how arena football owners keep testing the limits of how many taxpayer-subsidized arenas are lying around waiting for someone to fill a few dates on the calendar.

[The — what? First off, the arena football league is now called Arena Football One, and the Firebirds are just one of its nine teams. The Arsenal will indeed play in Saginaw, in a stadium built in 1972. I don’t see anything to complain about here, or even to care about, unless you are an arena football fan in central Michigan, in which case today’s your lucky day, I guess?]

  • Charlotte’s Bank of America Stadium is getting a new 4,400-seat indoor concert venue next door, courtesy of Panthers owner David Tepper’s entertainment arm. The new hall will slot nicely into his plan to turn every patch of Uptown into “TepperWorld,” assuming the city doesn’t mind another dose of infrastructure subsidies wrapped in the language of “music tourism.”

[Nobody is calling it “TepperWorld.” And most of the $650 million in public money Tepper got for his stadium development wouldn’t be for “infrastructure subsidies.” And “music tourism” is an actual term (people traveling to go see music, I’m doing it myself soon), though not one that’s particularly in play in Charlotte.]

And that’s the week in stadium boondoggles: one new dome, one giant glass box, one mega-housing-sports mashup, and a staircase in Jacksonville that somehow counts as “progress.” Same time next Friday — unless one of these cities goes broke before then.

[Giant glass box? Staircase? Either ChatGPT is drunk or I am.]


Okay, let’s shrug off the italics and see what other actual news the robots chose to ignore:

  • The Northeast Ohio Areawide Coordinating Agency has reassigned the Cleveland Browns‘ proposed road upgrade plan back to committee, with one county commissioner saying, “So many questions out there in my mind that I don’t know how we move forward at this point.” But Jimmy Haslam is hungry for his $70 million in road money nowwwww.
  • North Kansas City Mayor Jesse Smith said in a press statement yesterday that he’s engaged in “substantial” talks with the Kansas City Royals owners over a new stadium and remains “committed to transparency throughout this process” but also that talks will be confidential for now, which is a lot of mixed messages, frankly. North Kansas City has a population of 4,467, so it’s probably a fair bet that most of the talks are around how to get the county and state to foot the bill for this thing, even more than they already are.
  • The New England Revolution‘s attempts to build a stadium in Everett already drew complaints from Boston officials that they’d need to be consulted on traffic and other impacts, and now four other cities — Malden, Medford, Chelsea and Revere — want in on those talks too. This is maybe going to be a while.
  • Port St. Lucie is spending $27.5 million on a minor league soccer stadium, and WPTV asked two local barbers how it would it affect the economy.
  • Not to be left out, Denver7 examined how a new Broncos stadium would affect the local economy by talking to a coffee company owner and a personal trainer.

And that’s the week in stadium boondoggles: Some stochastic parrots, hallucinated staircases, and terrible journalism. The future, in other words! Same time next Friday — unless the robots have taken over and are talking to themselves by then, and we can go spend all our time on music tourism until the economy collapses.

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Was the Carolina Panthers’ $650m renovation deal really the worst of 2024? An investimagation

The Center for Economic Accountability, a friend of this site, announced its annual “Worst Economic Development Deal of the Year” award for 2024 this week, and the winner was the city of Charlotte, for giving $650 million to Carolina Panthers owner David Tepper for renovations of his team’s stadium. CEA said in a press release that “Charlotte’s Bank of America Stadium deal stood out from the rest of the competition for a combination of factors that included its high cost, lack of transparency, poor returns, questionable economic justifications and the Panthers ownership’s checkered history with subsidized projects.”

There’s certainly a lot to be said for the Panthers deal as a terrible one: The city of Charlotte put up $650 million out of $800 million for renovations to a 28-year-old stadium it didn’t build and doesn’t own, in exchange for Tepper extending his lease for just 15 years and getting to open “good faith” negotiations for a new stadium as early as 2037. Still, it’s worth looking at some of the other contenders from 2024:

All worthy candidates, even if there can be only one winner. The lesson here isn’t that Charlotte is singularly bone-headed when it comes to handing out public money to local billionaires; it’s that siphoning off public money for private profit is a pandemic with no end in sight, and even the less-bad deals would be scandalous in a saner world.

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Friday roundup: Missouri gov vows bidding war for Chiefs and Royals, Coyotes (?) owner (??) throws in towel

Has there ever been a week before this where two cities dropped a combined $1.425 billion on sports stadium subsidies? Actually, yeah, there was that week in April 2022 when Maryland approved $1.8 billion in stadium subsidies one day after New York approved $1 billion in stadium subsidies, which is honestly going to be tough to beat. Part of this is just how state legislative calendars work, with elected officials typically racing to get potentially unpopular bills passed super-quick at the end of sessions before anyone notices, but it can still feel alarming in the same way a couple of sports subsidy plans getting defeated in quick succession can feel encouraging. “Don’t get distracted by small sample sizes” is probably the best guidance, though “Whoever has the gold makes the rules” isn’t bad either.

Anyway, it’s Friday, so you know what that means! Let’s see what else has been happening:

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Charlotte approves priciest-ever stadium renovation deal for Panthers, because that’s how Charlotte does

And that went exactly as expected:

Just three weeks after plans were unveiled for renovations at Bank of America Stadium, the Charlotte City Council voted in favor on Monday on giving $650 million to help fund the project.

The stadium is nearly 30 years old, but Carolina Panthers and Charlotte FC owner David Tepper wants to give it new life.

In addition to $650 million from the city, the tentative agreement also requires Tepper provide $150 million upfront, with promises to invest hundreds of millions more over the next several years.

Yes, we are at the point in human history where a sports stadium that opened 28 years ago is unironically portrayed as needing “new life.” Sports economist Rod Fort was truly prescient when he said back in 2001, “I don’t see anything wrong, from an owner’s perspective, with the idea of a new stadium every year.”

As for the spending breakdown, the immediate split is indeed $650 million from the city on a stadium it didn’t build and doesn’t own, and $150 million from the team’s multibillionaire owner; the “hundreds of millions more” that David Tepper would be on the hook for amounts to about $250 million in present value, and that’s assuming he actually spends it, given that that part appears to be just a promise and not a contractual commitment. In exchange, Tepper would commit to keeping the Panthers in town through 2039, making it at $43.3 million a year the most expensive per-year lease extension deal in sports history. And, of course, Tepper gets to start “good faith” negotiations with Charlotte for a whole new stadium in 2037, because the old one will be 41 years old then and won’t have been renovated in a whole decade, no way to put new life into that, it should have gone to the Carousel years ago.

That should be enough to put the Panthers agreement comfortably in the discussion for “worst deal ever,” but the seven of 10 Charlotte councilmembers who voted for the plan remained bullish, with councilmember Tariq Bokhari gushing, “We’re going to see and explosion of economic impact in Uptown.” Mayor Vi Lyles added that the “yes” vote shows “what Charlotte is all about.” Couldn’t agree more, but maybe not quite in the way she meant it.

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Panthers owner celebrates pending $650m renovation subsidy by demanding new stadium in 2046

With the Charlotte city council set to vote on the proposed $650 million Carolina Panthers stadium renovation deal today, and likely to approve it overwhelmingly, Joe Bruno of WSOC-TV in Charlotte took a look at the meeting agenda, and hold onto your hats, we’re down a rabbit hole:

The city is eyeing 2046 for a new stadium for the Panthers and Charlotte FC…

According to the agenda, the city will start negotiating with Tepper Sports & Entertainment by April 1, 2037.

So what does that mean, exactly? Over to the Charlotte Observer:

The new stadium would be located in Charlotte and potentially be ready for the 2046 season, according to terms of the agreement set to be voted on Monday by the City Council. Terms say the negotiations would be about design and construction of the stadium and the “need for potentially new funding sources.”

So would this be a contractual guarantee of a new stadium, or just a promise to talk more about one in 12 years, or what? Agenda, you have anything more for us?

New Stadium: On or before April 1, 2037, the City of Charlotte and TSE will commence good faith negotiations regarding the design and construction of a new stadium to be located in the City of Charlotte that would be completed in time for the 2046 season. In furtherance of such good faith negotiations, the parties understand the need for potentially new funding sources. The parties will negotiate the use of hospitality funds for the purposes of studies and analysis regarding a new stadium.

Okay, now we’re getting a least a little somewhere. One of the terms of the Panthers stadium renovation deal is that in 13 years, the city of Charlotte and Panthers owner David Tepper will start negotiating in good faith on a new stadium to replace the one being renovated now. How much it would cost, who would pay for it, and any other details are all wrapped up in that term “good faith,” which promises to make an interesting enforceability challenge if Tepper ever decides to go to court to force a future Charlotte administration to deliver on this promise of a new stadium. The use of future “hospitality funds” — hotel and restaurant taxes — is, we should note, only specifically committed for “studies and analysis” of a new stadium, not actually building it, so who pays how much for one is entirely up in the air.

Once everyone started freaking the hell out, a city spokesperson tried to walk the whole thing back:

Image

I would dispute “common” given that I’ve never seen a clause like this in another stadium/arena renovation agreement, but it’s certainly possible I’ve missed a couple.

In any case, while I’ll defer to lawyers on what this clause actually means in terms of a contractual promise, it’s likely more important in terms of priming the pump for Tepper’s next ask: He’s officially putting local residents on notice that once he gets this $650 million, the clock is ticking until his next demand for public cash. It’s a slightly risky gambit, since “fix my old stadium for me, then once that’s done I’ll ask you for a new one” is not the best sales pitch; if he already has the council vote in the bag, though, then if Tepper really does intend on coming back with his hand out again in a little over a decade, he can at least say he did warn everyone.

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Friday roundup: Kansas-Missouri stadium border war gets hot, yet another non-economist cited as economics expert

Happy heat dome Friday! Hope those of you in the parts of the U.S. that are broiling are staying inside watching soccer tournaments and cranking the air-conditioning and … okay, maybe that isn’t the best plan. We’ll try to come up with a better one before the Paris Olympics, which will once again provide athletes from around the world with the opportunity to compete for medals and maybe die of heatstroke. (Or mutant sharks. But more likely heatstroke.)

Where was I? Oh, right, stadium and arena scams, plenty of those to go around while we wait for the world to boil:

  • Missouri elected officials are up in arms over Kansas elected officials’ passage of legislation to allow selling billions of dollars of tax-funded bonds to lure the Kansas City Chiefs and Royals across state lines, and are also prepared to work on their own stadium subsidy legislation in response. “Today’s vote regrettably restarts the Missouri-Kansas incentive border war, ” said Kansas City Mayor Quinton Lucas, adding, “We remain in the first quarter of the Kansas City stadium discussion.” Missouri House Majority Leader Jonathan Patterson, calling the Kansas stadium bond legislation “a wakeup call to Missouri,” said he expects his state to put together its own legislation later this year. It’s all going according to plan!
  • Meanwhile, some developer dude took it upon himself to hire an architecture firm to design a rendering of a Royals stadium on the Kansas-Missouri border, with most of the stadium in Kansas but the right field wall in Missouri, that wouldn’t cause any problems figuring out which state would collect sales taxes to then kick back to team owner John Sherman. Lots of nice fireworks and people flinging their hands in the air, though.
  • WTOP reported Wednesday: “The projected benefits of a new Washington Commanders stadium being built in D.C., which were detailed in a report the city released last week, are largely honest and reasonable, according to a University of Maryland economist who reviewed it.” Unfortunately, three sentences later the radio news station revealed that Michael Faulkender is actually a finance professor, not economics, which is not the same thing at all. The University of Maryland does have an economist who’s an expert in stadium deals, but WTOP didn’t ask him for his opinion, they must have wandered into the wrong classroom building, that probably happens a lot.
  • Facing a vote on whether or not to commit to spending $775 million in public money on upgrades to Jacksonville Jaguars owner Shad Khan’s stadium, the Jacksonville city council yesterday pushed back — on spending $94 million on affordable housing and homelessness prevention as part of an accompanying “community benefits” package. The council says it’ll still come up with the money after taking “some time this summer to work on this,” and it doesn’t affect the $150 million from Khan for community benefits (over 30 years, so really only worth about half that amount), so nothing to worry about, elected officials never go back on their promises!
  • Charlotte was apparently “working on [a Carolina Panthers stadium] deal for a year and a half” before letting the public in on the details, yeah, that might be a story.
  • I personally prefer not to get my news in video form, as you’ve no doubt noticed from the endless scroll of plain text that is this website, but if you do, this report from More Perfect Union on “How Sports Team Owners Scam Communities Out of Billions”  is worth checking out: It has me in it, and also an A’s fan organizer saying “we’re all about kicking John Fisher in the nuts,” what’s not to like?
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As Charlotte residents debate Panthers stadium plan, city leaders inflate how much team owner would kick in

The Charlotte city council yesterday held its sole public comment period on its proposed $650 million Carolina Panthers subsidy before the day of its final vote, and apparently local residents had as hard time as me figuring out when and where exactly it was being held, because only 23 people showed up to speak. (It was also in the middle of a work day.) Of those, 15 were in favor, six were opposed, and two had mixed feelings, with comments ranging from that this would be an “investment [that] directly benefits our community” to “if [the current stadium is] good enough for Beyoncé, it’s good enough for half the city.”

That doesn’t tell us much about overall public sentiment, so I want to instead focus on this paragraph from the Charlotte Business Journal’s article on the public comment session:

While Tepper Sports is slated to pay 19%, or $150 million, of the four-year, $800 million renovation tab spanning 2025 through 2029, both parties calculate Tepper Sports’ investment at $688 million overall. That figure includes $117 million spent on improvements between 2018 and 2024 as well as an estimated $421 million more for anticipated stadium investments over the rest of the deal between 2029 and 2045.

A bunch of things here:

  • “Both parties” here means Panthers owner David Tepper and city officials, I guess, but since those are the two who are both in favor of the stadium project, it’s not really as universal an opinion as this makes it sound.
  • Crediting Tepper for $117 million in money he already spent on upgrades over the last six years is an odd way to calculate a deal — it’s not like he’s going to travel back in time and undo that work if he doesn’t get $650 million in fresh city money. Also, Charlotte taxpayers put in at least $25 million toward those renovations, if we’re counting past private spending shouldn’t we count past public spending too?
  • It appears that the $421 million in future improvements would be spread out over time from 2029 to 2045, meaning Tepper would only have to set aside about $250 million now to pay them off, while Charlotte taxpayers would be on the hook for their $650 million right now. (I also can’t find confirmation that Tepper would be committing to all that spending as opposed to just “expecting” to do it, though I’m still digging for the actual language.)
  • Tepper owns the stadium and would receive all revenues from it, while Charlotte would just get a commitment that the team would stay put for 15 more years.

This is an excellent example of how to torture numbers until they show what you want them to: In this case, that the public covering between 60% and 80% of future renovation costs for a privately owned and operated football stadium is somehow an even split. Not that it particularly matters — the public doesn’t get a vote here, only the council will — but it’s probably always a good idea to cover your butt so as to avoid getting shot in it.

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Friday roundup: St. Pete gives initial okay to Rays’ record $1.6B stadium subsidy, final vote set for July

Happy Friday, everybody — we’ve made it to the end of another week again, which seems to keep taking longer and longer, I blame the Moon.

And on to the news briefs, starting with a not-so-brief to cover what would get its own item if this were any other day of the week:

  • The St. Petersburg city council took its first vote on the proposed Tampa Bay Rays stadium project yesterday — St. Pete is one of those cities where the council has to vote on things twice, just to be sure — and as expected, it narrowly passed, with five out of eight councilmembers in favor. The official city expense is $212.5 million in property-tax kickbacks on the stadium site plus $130 million in infrastructure spending, but this leaves out a ton of hidden subsidies that Rays owner Stuart Sternberg would be getting:
    • About $300 million (present value) in future tax money from Pinellas County
    • $320 million worth of future property-tax reductions from the city and county
    • $700 million worth of land in exchange for payments worth just $80 million, making for a $620 million public gift

    That comes to a public subsidy of roughly $1.6 billion, which would shatter the Tennessee Titansrecord of $1.26 billion, at least until the next stadium project comes along. There’s still a final council vote to be taken on July 11, before which the city still needs to provide final documents — a local Sierra Club organizer called the process a “runaway train,” while Southern Poverty Law Center lawyers asked the city to “reconsider this rushed and chaotic timeline” — but the writing does seem to be on the wall. MLB commissioner Rob Manfred said, “I think they’ve done a phenomenal job in Tampa Bay, competing, and I think enhanced revenue streams just provides flexibility that can only make things better,” which I think means he’s happy, my universal translator doesn’t do Manfredese.

  • A consulting report for Washington, D.C. estimates that a new Commanders stadium in the district could create $1.26 billion in “yearly economic output,” and while I haven’t read the full document yet, economist J.C. Bradbury has the best response anyway: “I fear going into the details grants some legitimacy to the idea that there is some debate over the economic impact of stadiums. If the consultants feel the decades of economic research on the subject is in error, they are free to submit their challenges to peer review.” (The city also commissioned a second report on how to finance said stadium, but has no plans to release it, so you know it’s got to be juicy — fire off the FOIA requests!)
  • Charlotte Mayor Vi Lyles spoke yesterday about why she thinks a $650 million Carolina Panthers stadium renovation subsidy in exchange for just a 15-year lease extension would be good deal despite Charlotte residents apparently thinking otherwise, and one thing she said was: “This is an investment in our future. That’s why is strongly support what we’re doing with Tepper Sports. Yes, I wish we had the ability to do this on our own. But we have to partner with Tepper Sports and our hospitality industry.” We wish we could pay for the whole stadium renovation, but sadly we have to let the team owner who would benefit from it chip in is certainly a choice, let’s just say that.
  • MLB is apparently requiring all teams’ new nonrelocation agreements to allow playoffs games at a neutral site, and Athletics stadium czar Dave Kaval says that’d be great for Las Vegas, which could be in line to host a neutral-site World Series if baseball ever decides to do like the NFL does with the Super Bowl. Given that it’s going to take decades for every team’s nonrelocation agreement to expire and be rewritten, and that Las Vegas could be uninhabitable by then, that’s maybe not the most convincing argument, but Kavals gonna Kaval, especially when he needs to distract from the mess that is the team’s Vegas stadium plans.
  • R.J. Anderson wrote a super-long look at the public ownership model for pro sports teams for CBS Sports this week, and while I have some quibbles — in particular, it tends to conflate community ownership by fans (the Green Bay Packers, German soccer teams) with public ownerships by municipalities (several Canadian Football League teams and minor-league baseball teams) — it’s a good, in-depth overview. Whether either fan ownership or public ownership would necessarily put an end to stadium subsidy demands is an open question: The Packers did demand money to upgrade Lambeau Field, and sports leagues have leaned on municipally owned teams to build new stadiums. But as Anderson notes, at least fans and municipal officials have other priorities than just squeezing every last penny of profit out of teams, so there would be some benefits like cheaper tickets and fewer move threats, which would at least be a start.
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Charlotte web commenters overwhelmingly say Panthers’ $650m stadium subsidy sucks

So while the Charlotte city government isn’t revealing the responses to the comment form it set up for the proposed Carolina Panthers stadium renovation deal that would cost taxpayers $650 million, WFAE public radio got ahold of the results, and they’re not pretty:

A review of the responses shows that roughly 300 of the 450 people who responded online said they opposed the deal. The most common reason they gave: The city should not use public dollars to subsidize a multi-billionaire, David Tepper. People said he should “pay for his own damn stadium.”…

There were roughly 85 people who were enthusiastic about the project, saying it would raise the city’s profile.

There were roughly 70 who weren’t for or against it. They just said they wanted things like real grass instead of artificial turf or a canopy over the stands.

Now, this is a web poll, which is about the most unscientific thing possible, so we have no idea how well this represents Charlotte residents as a whole, or whether many respondents don’t even live in North Carolina or are dogs or whatever. Still, 300 comments opposed and 85 in favor is not a great ratio, which is no doubt why Charlotte economic development director Tracy Dodson avoided mentioning any numbers in her Monday presentation of the survey results, instead just saying that some people wanted the money used for other things, while others wanted to create opportunities for local businesses — the truth surely must lie somewhere in the middle!

At the behest of five of the 11 city councilmembers (Dimple Ajmera, Renee Johnson, Victoria Watlington, Tiawana Brown, and LaWana Mayfield), the council agreed to move up its single public comment period on the stadium plan from the same day as its June 24 final vote on the project to a week earlier, next Monday, June 17. So we should get a little better sense then of the actual mood of the local public.

Dodson, meanwhile, isn’t waiting to make her own public comments, raising even more eyebrows yesterday by insisting that the $650 million in hotel and restaurant tax money the city would spend on stadium renovations “isn’t going to Tepper Sports and Entertainment” but “is going to a community asset, the facility,” leading to this hilariously patient explanation from WFAE:

Under the plan, the city would spend $650 million worth of hotel/motel and prepared food and beverage taxes on the stadium, which is owned by David Tepper’s company. While the city might write a check to contractors, all of the resulting improvements would also be owned by Tepper.

The money would increase the value of the stadium, allowing the owner to generate more money from games, concerts and other events.

It would be like agreeing to pay for a new roof for your friend’s house. That friend would still own the house and the roof — even if you then claimed the money didn’t go to the friend because you paid the roofer directly.

It’s currently unclear which way the Charlotte city council is leaning on its vote, but maybe we’ll get more insights after Monday’s public hearing, which will last from … 3 to 5 p.m., really, they’ve only allotted two hours for this? It’s also still not on the city public hearing calendar, so unclear if it will be livestreamed, but I’ll post an update here if a link turns up.

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Field of Schemes