In a recent development, the City of Charlotte is considering a proposal to build a new stadium within the city limits. The details of the proposal are still being worked out, but it is believed that a new funding source may be necessary for the project. This could potentially involve seeking funding from the state, according to sources within the city.

In an effort to facilitate the study and analysis required for the new stadium, the city has expressed its intention to negotiate the use of hospitality funds. This would allow for comprehensive studies and assessments to be conducted regarding the feasibility of the new stadium.

Interestingly, this news comes just before the council is scheduled to vote on a $650 million proposal to upgrade the existing Bank of America stadium. This plan includes the addition of new concourses, seats, and the creation of a "park-like atmosphere" outside the stadium.

However, it remains unclear at this point how much the new stadium would cost and how much the city would be willing to invest in the project. Additionally, there is uncertainty surrounding whether the new stadium would retain the Bank of America name, as the terms of the current naming rights deal are not public.

According to a source within the City of Charlotte, the introduction of a timeline for the new stadium discussion is a protective and forecasting measure. This timeline sets a strict framework for future discussions among city staffers, Tepper Sports staffers, and Charlotte City Councilmembers. The intention is to prevent any delays in the decision-making process, similar to what occurred during negotiations for renovations to the Spectrum Center, which did not commence until 2019.

By 2046, Bank of America Stadium will be over 50 years old, underscoring the need for long-term planning. The establishment of a timeline will ensure that all parties involved are aware of the projected deadlines and can work towards a timely resolution.

As this is a developing story, further updates and progress on the new stadium proposal are expected. Fans eagerly await news on the future plans for the Carolina Panthers and the potential fan experience improvements that may come with the proposed new stadium.

Stay tuned for more information on this evolving story.