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Charlotte’s $650 million splurge on BofA Stadium renovations named 2024’s ‘Worst Economic Development Deal of the Year’

Summary by Carolina Journal
The Queen City is paying a King’s ransom for renovations to Bank of America Stadium, home of the Carolina Panthers NFL franchise, and it’s earned them an award of which taxpayers should be wary. The “Worst Economic Development Deal of the Year” award, which has been given annually by the Center for Economic Accountability (CEA) since 2018, highlights state or local government subsidies for private enterprises that exemplify wasteful and ineffec…
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