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BREAKING: Carolina Panthers Official stakeholder Announces Renewal Of An Ambitious $1.3 billion renovation Project

Posted on April 11, 2025

the Carolina Panthers, in collaboration with the City of Charlotte, announced an ambitious $1.3 billion renovation project for Bank of America Stadium.

In a significant move to enhance the Carolina Panthers’ game experience and solidify their presence in Charlotte, the team’s stakeholders have unveiled a comprehensive plan involving substantial partnerships and extensive renovations to Bank of America Stadium. These initiatives aim to modernize the stadium, improve fan engagement, and foster community relations.

Major Stadium Renovation Plans

June 2024, the Carolina Panthers, in collaboration with the City of Charlotte, announced an ambitious $1.3 billion renovation project for Bank of America Stadium. The Charlotte City Council approved a $650 million investment over a 20-year partnership with Tepper Sports & Entertainment (TSE), the stadium’s operator. TSE committed to contributing at least $688 million, including $117 million invested prior to June 2024, $150 million towards the renovation, and an estimated $421 million for capital improvements over the partnership’s duration.

 

The renovation project focuses on enhancing both fan and player experiences and modernizing the stadium’s infrastructure. Planned upgrades include:

Seating**: Installation of brand-new seats throughout the stadium bowl.

 

– **Accessibility**: Improved accessibility features to accommodate individuals with a range of disabilities.

 

– **Safety and Security**: Enhancements such as illuminated wayfinding and improved lighting.

 

– **South Lawn Pavilion**: Reimagining the area as a community gathering spot and outdoor classroom on game days and non-event days.

 

– **Restrooms**: Upgraded facilities for better sustainability, accessibility, and speed of service.

 

– **Exterior Enhancements**: Improvements to reaffirm the stadium’s iconic status in the Charlotte skyline.

 

– **Environmental Impact**: Modernization of building systems, including mechanical, plumbing, electrical, and HVAC, to reduce environmental impact.

 

Kristi Coleman, Panthers Team President, emphasized the importance of these investments, stating, “While Bank of America Stadium has solid infrastructure, investments are needed to ensure that our decades-old venue continues to deliver the best experience for our players, fans, and community.”

 

**Strategic Partnerships to Enhance Fan Experience**

 

The Panthers have also entered into several strategic partnerships aimed at improving the overall fan experience:

 

– **Verizon Partnership**: In August 2023, the Panthers announced a partnership with Verizon, designating it as the “Official 5G Network of the Carolina Panthers.” Verizon upgraded its 5G Ultra Wideband network inside Bank of America Stadium to provide fans with quick and reliable communications, enabling them to check scores, watch videos, and manage fantasy teams without network congestion. Additionally, Verizon implemented accelerated access technology to improve stadium entry and ticketing processes.

 

– **Belk Collaboration**: In October 2024, the Panthers partnered with Charlotte-based department store Belk to focus on community initiatives aligned with the Panthers’ pillars of social responsibility, health and wellness, and youth and high school football. The partnership includes support for events such as the “Concert for Carolina,” benefiting Hurricane Helene relief efforts, and the annual “Joy to the Carolinas” event.

 

– **Eleven Sports Media Program**: The Panthers launched a partnership with UK-based Eleven Sports Media to create a comprehensive partner program dedicated to the small business community in the Carolinas, a first-of-its-kind initiative in the NFL. This program allows small to medium-sized businesses to align with the Panthers through branding, experiential, and activation services.

 

**Community and Economic Impact**

 

The renovation project and strategic partnerships are expected to have a significant positive impact on the Charlotte community and economy. The stadium serves as a hub for various events, including NFL games, Major League Soccer matches with Charlotte FC, college football games, and concerts, attracting millions of visitors annually. The planned enhancements aim to elevate the fan experience, thereby increasing attendance and boosting local businesses.

 

The funding for the city’s investment will come from existing hospitality and tourism tax resources, which are legally required to be spent on projects supporting the city’s tourism economy. This approach ensures that no new or increased taxes are necessary for the renovation project.

 

Councilmember Tariq Bokhari highlighted the financial prudence of the deal, noting that projections indicate the stadium will have paid for itself by year 12 of the 20-year agreement.

 

**Future Outlook**

 

The Panthers’ commitment to enhancing the game experience through substantial stadium renovations and strategic partnerships underscores their dedication to the Charlotte community and their fan base. These initiatives are poised to transform Bank of America Stadium into a state-of-the-art facility, ensuring its status as a premier venue for sports and entertainment events.

 

As the Panthers embark on this transformative journey, fans can look forward to a more immersive and enjoyable experience, both on and off the field. The collaborative efforts of the team’s stakeholders, city officials, and corporate partners reflect a unified vision for the future of sports and entertainment in Charlotte.

 

In conclusion, the Carolina Panthers’ official stakeholder announcements regarding game improvements encompass a multifaceted approach, including significant stadium renovations and strategic partnerships. These efforts aim to enhance the fan experience, foster community engagement, and ensure the team’s long-term presence in Charlotte, marking a new era for the franchise and its supporters.

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