Deal Saver - brought to you by the Charlotte Observer

0 comments
  • Print
  • Order Reprints
  • Share Share

Local restaurant group pipes up on Bank of America stadium renovation funds

Restaurant association open to using Convention Center money to renovate stadium

0118 stadium 316
-
A view of Bank of America Stadium taken from John Belk Freeway. (MARK HAMES - mhames@charlotteobserver.com)

The Charlotte chapter of the state’s restaurant and lodging lobbying group said Wednesday that money set aside for the Convention Center could be a way to pay for renovations at Bank of America Stadium.

Tom Sasser, the chairman of the Charlotte chapter of the N.C. Restaurant and Lodging Association, also said the city’s financial help for the Carolina Panthers shouldn’t “solely rely on the restaurant industry and our patrons.”

The Panthers have asked the city for $125 million to help renovate their 17-year-old stadium, as part of a plan to spend $250 million on upgrades. To help the team, city staff has proposed in closed session increasing the local prepared food and beverage tax from 1 percent to 2 percent, according to several people familiar with the meeting.

But increasing the so-called meals tax prompted pushback from the state’s lobbying group for restaurants. In a letter to Charlotte Mayor Anthony Foxx last week, the state association’s chairman, Brad Hurley, criticized the proposed tax increase and also said the city should be discussing it in open session.

Sasser wrote Foxx Wednesday to give the Charlotte’s chapter’s position.

Sasser’s was less confrontational than the state association’s letter. He said the local chapter agrees that renovations should be done “so that the stadium and the team can continue to be successful.”

Sasser is president and owner of Harper’s Restaurant Group, which owns three Harper’s Restaurants, Mimosa Grill and Zinc American Kitchen, among others. He has served on the Charlotte Regional Visitors Authority and isn’t opposed to the current 1 percent tax on prepared food and beverages, which funds the Convention Center.

The CRVA manages the Convention Center for the city.

In his letter to Foxx, Sasser said he is concerned about a Republican proposal in Raleigh to roll back the state’s income and corporate taxes. That revenue would be replaced by a higher sales tax. That increase, coupled with the proposed tax hike for the Panthers, could be “devastating to our businesses,” Sasser wrote.

The city’s Convention Center fund currently has additional money due to old debt being retired. The Observer reported Wednesday that the Convention Center’s extra money could fund $110 million of new debt, which is close to the amount the Panthers have requested.

Deputy City Manager Ron Kimble has said that money should be used for its intended purpose, the Convention Center.

State law mandates that money be used for the Convention Center or for “tourism promotion.”

But the city could ask the General Assembly for the ability to shift that money for the Panthers. Any increase in the prepared food and beverage tax would also have to be approved by state legislators.

Foxx was asked before Wednesday’s meeting of the Metropolitan Transit Commission whether he had spoken with the state’s restaurant lobbying association.

“The short answer is I’m always willing to talk to constituents about issues of concern,” Foxx said.

The mayor declined to discuss the proposed tax increase because it was debated in closed session.

“So much of what is out there now is the cart before the horse,” Foxx said.

Harrison: 704-358-5160

Hide Comments

This affects comments on all stories.

Cancel OK

The Charlotte Observer welcomes your comments on news of the day. The more voices engaged in conversation, the better for us all, but do keep it civil. Please refrain from profanity, obscenity, spam, name-calling or attacking others for their views.   Read more

Quick Job Search
Salary Databases
Your 2 Cents
Share your opinion with our Partners
Learn More