CHARLOTTE — The Bank of America Stadium project has been named the Worst Economic Deal of the Year, according to the Center for Economic Accountability.
The CEA criticized the project’s $650 million price tag, transparency, and economic justification.
“This is an incredibly expensive stadium renovation project with very flimsy economic justifications, agreed to behind closed doors with a partner who deserves plenty of due diligence,” explained CEA President John C. Mozena. “Despite those issues, Charlotte’s politicians rammed it through with as little public warning or input as possible, ignoring clear public opposition to both the substance and the process of the deal. To top it all off, they’re not even getting a good football team out of it.”
This is the third time a project with ties to North Carolina has received this designation from the CEA.
In 2021, the group said North Carolina’s subsidy for Apple’s campus in the research triangle was the worst deal of the year.
In 2019, the group also gave the distinction to the proposed Carolina Panthers practice facility in Rock Hill.
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