Charlotte Approves $650M in Muni Bonds for Panthers Stadium Upgrades

The $1.3 billion renovation will also benefit the city's MLS team, Charlotte FC.

Apr. 1, 2026 at 7:48pm

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Charlotte, North Carolina has received approval to sell $650 million in municipal bonds to help fund a $1.3 billion renovation of Bank of America Stadium, home to the NFL's Carolina Panthers and MLS's Charlotte FC. The remaining costs will be covered by Tepper Sports & Entertainment, the sports group run by billionaire David Tepper that owns both teams and the venue.

Why it matters

The stadium upgrades are a major investment in Charlotte's sports infrastructure and will benefit both the Panthers and the city's new MLS franchise, Charlotte FC. Muni-bond financing allows the city to spread the costs over time rather than relying solely on public funds.

The details

The $650 million in municipal bonds approved by the North Carolina treasurer's office will go towards the $1.3 billion revamp of Bank of America Stadium, home to the NFL's Carolina Panthers. Tepper Sports & Entertainment, the sports group run by billionaire David Tepper that owns both the Panthers and the city's new MLS team Charlotte FC, will cover the remaining costs of the renovation.

  • The North Carolina treasurer's office approved the bond deal on Wednesday, April 1, 2026.

The players

Charlotte

The city in North Carolina that is home to the Carolina Panthers NFL team and the new Charlotte FC MLS team.

Tepper Sports & Entertainment

The sports group run by billionaire David Tepper that owns the Carolina Panthers and Charlotte FC, as well as Bank of America Stadium where both teams play.

David Tepper

The billionaire owner of Tepper Sports & Entertainment, which owns the Carolina Panthers and Charlotte FC.

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The takeaway

The municipal bond financing for the $1.3 billion Bank of America Stadium renovation demonstrates Charlotte's commitment to investing in its sports franchises and infrastructure, which will benefit both the NFL's Panthers and the city's new MLS team Charlotte FC.