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Carolina Panthers to stay in N.C.

By Associated Press
Published On: Apr 23 2013 06:46:10 AM CDT
Updated On: Apr 23 2013 07:47:01 AM CDT
CHARLOTTE -

The city of Charlotte has voted unanimously on an agreement with the Carolina Panthers to make improvements to the team's stadium.

Monday night's voice vote by the Charlotte City Council means the city will contribute about $87 million for renovations to Bank of America Stadium in exchange for a six-year deal to keep the Panthers in Charlotte.

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The city of Charlotte is voting on an agreement with the Carolina Panthers to make improvements to the team's stadium.
    
The plan calls for the city to contribute about $87 million for renovations to Bank of America Stadium in exchange for a six-year deal to keep the Panthers in Charlotte. That's less than the team was seeking for improvements to the stadium, which opened in 1996.
    
The Charlotte City Council was expected to vote on the agreement Monday night.
    
The initial plan called for an improvement package that totaled $250 million. The city would have paid half of that, with the state and team paying the rest.
    
But state lawmakers rejected an increase in the local prepared food and beverage tax to fund that agreement.