Bengals, County Reach Stadium Upgrades Deal ECHL Wranglers Won't Play On Rooftop Barclays Center, MSG Rivalry Heating Up Colts To Remain With Irsays Long Term Facility Notes Lexington Mayor Pushing Forward On Rupp Upgrades Judge Denies NFL Concussion Settlement Purdue Upgrading Ross-Ade Stadium NHL Jets May Add Seats At MTS Centre MLB Facility Notes
Upcoming Conferences and Events
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).