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Charlotte's MLS Effort Takes A Hit As County Slashes Contribution

The effort to bring an MLS team to Charlotte was "dealt a major blow" last night when Mecklenburg County (N.C.) commissioners voted 5-3 to "limit their financial contribution to giving the city of Charlotte the Memorial Stadium site -- and nothing else." As part of the "original deal," the county would have paid $71.25M for the stadium next year and then another $30M for FY '20. Now, the balance for the proposed $175M, 20,000-seat stadium -- more than $100M -- "would have to be covered" by the city or SMI President & CEO Marcus Smith's ownership group (CHARLOTTE OBSERVER, 8/3).

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