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Closing Bell

Charlotte MLS Bid Could Face $30M Shortfall For Stadium Construction

Mecklenubrg County (N.C.) Commissioner Dumont Clarke, who supports the use of taxpayer money for a Charlotte MLS stadium, today said that the county "will not commit anything more than city government," leaving the local ownership group $30M short of the $175M "needed for the proposed 20,000-seat soccer venue near uptown." Clarke said that he and others on the commission "may be willing to extend their decision on whether to move forward with soccer past a scheduled vote on Aug. 2." But Commissioner James Mitchell said that there is "no support" for spending $43.75M of tourism tax money on MLS (BIZJOURNALS.com, 7/25).

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