Sources: Ballmer Wants New Arena For Clips Cowboys Will Be Fined Under NFL Policy Review Finds NFL Wrong On Heads Up's Survey Vikings Select Firms To Build New HQ Brandon Discusses Bills-Sabres Dual Presidency UC-Irvine Opens Up Campus To Rams Texans' McNair Talks Goodell, Raiders To Vegas LAFC Mulls HQ, Complex In Tustin Beaver Stadium Capacity Likely To Get Smaller Rams Send Merch Email Offer To St. Louis Residents
SBD/Issue 57/Facilities & Venues
Late Hit: Panthers Tagged With Higher Stadium Tax Burden
Published December 4, 2003
|County Board Rules Ericsson
Stadium Is Worth $183.9M
The NFL Panthers' appeal of the $172.7M assessment of Ericsson Stadium "backfired" as Mecklenburg County's (NC) property tax appeals board yesterday raised the value $11.2M to $183.9M, according to Richard Rubin of the CHARLOTTE OBSERVER. The new valuation means the city and county governments "will collect nearly $880,000 more each year than the team believes it should pay." The Panthers argued that the seven-year-old stadium is "heading rapidly toward obsolescence. The Panthers' appraisers cited recently abandoned stadiums in Seattle, Tampa, and Michigan as proof that NFL facilities last only 24 years on average." The Panthers also contend that they built the 73,248-seat stadium too large. Panthers General Counsel Richard Thigpen said that the team's execs "overbuilt because they were told that a larger stadium was needed to draw a Super Bowl." Thigpen: "The pipe dream of a Super Bowl, we've got a better grip on the reality of that now" (CHARLOTTE OBSERVER, 12/4).