Panthers owner says he wants retractable-roof stadium in next decade

Panthers owner says he wants retractable-roof stadium in next decade

Could more construction be coming to the already fast-growing city of Charlotte, North Carolina?

Panthers owner David Tepper has been open about the planned renovations to Bank of America Stadium, but would like to see a new retractable-dome stadium built if he could garner some taxpayer help.

It has also been reported in recent weeks that Charlotte is “very much in play” as MLS considers expansion, though an outdated stadium that opened in 1996 is unlikely to draw interest.

On the other hand, the capital city of Raleigh has a little more to offer with the Hurricanes’ PNC Arena, which opened in 1999, and N.C. State’s Carter-Finley Stadium, which opened in 1966 and was renovated in 2006.

“At some point, I would make a big investment if I could get the state and others on board in a new stadium that would be great for soccer and great for football,” Tepper said, via Sports Business Journal. “The economy’s big enough for a revenue tax, a hotel revenue increase that would go a long way to help pay for a new stadium.”

Tepper, founder and president of global hedge fund Appaloosa Management, L.P., purchased the team from Jerry Richardson for a reported $2.2 billion in May. Richardson decided to sell the team after he was accused of workplace misconduct in December 2017.

As Tepper settles in with the Panthers, he also has turned his attention to the future with the hope of hosting more sporting and entertainment events. Despite being the richest single owner in the NFL with an estimated net worth of $11.6 billion, he still needs help.

“People here in Charlotte have to realize: This is a really major, growing, important city, and it needs that sort of presence,” Tepper said. “Charlotte, in my mind, for these two states, should be the sports and entertainment capital. That’s what it’s meant to be.”