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N.C. House Introduces Plan For Existing Taxes To Fund BofA Stadium Upgrades

North Carolina lawmakers "introduced a bill Thursday that would allow the city of Charlotte to use existing taxes -- but no new ones -- to upgrade Bank of America Stadium," according to Jim Morrill of the CHARLOTTE OBSERVER. The plan apparently would leave the city more than $30M "short of what it hoped to give" the NFL Panthers. At least one City Council member said that the city "might counter by offering a smaller tax increase than originally proposed." State Sen. Ruth Samuelson, the bill's lead sponsor, said, “The bottom line is there’s no stomach here for a tax increase. Our hands are tied.” Morrill notes the House bill "does not address the team’s request" for $62.5M in state money. The measure would "allow the city to use existing occupancy and prepared food taxes -- now earmarked for tourism and the Charlotte Convention Center -- to pay for stadium renovations and amateur sports." Charlotte Mayor Anthony Foxx "could not be reached." City Council member Michael Barnes said that the city "could make a counterproposal." He added that instead of a 1% increase in the food tax that would sunset in 30 years, the city "could offer a half-percent increase that would end in 15 years." Samuelson acknowledged that "with less money, the city would have to make choices" (CHARLOTTE OBSERVER, 3/1).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

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