ACTION: Can NC afford to give $144 million to Panthers’ owner?

 First it was bailouts for Wall Street.  Taxpayer cash for Fannie, Freddie, and AIG.

 Then bailouts for “automakers”.

 Then the failed “stimulus.”

 Then a complete cave-in on the fiscal cliff, with taxes going up for everyone with no spending cuts.

 But that’s not enough.  When it comes to government picking your pockets for the benefit of billionaires, it’s never enough.

 Now Jerry Richardson and the Carolina Panthers want whatever you’ve got left, and they’re going to use state government to get it!

 Bank of America Stadium was built in 1996.  It’s less than 20 years old, and Jerry Richardson and the Panthers own it, lock, stock and barrel.  But if Jerry has his way, the NC General Assembly will give him $62.5 million to renovate his stadium.

Not loan.  GIVE.

 You see, Jerry has a long wish list.  He wants $28 million in new escalators. $59 million in new video and ribbon boards, along with a new sound system.  $62 million for new seats, and $25 million in “technology upgrades.”

 And he wants you to pay for it.  Why?  Well, as he puts it, “They’re so coveted (NFL franchises). They (owners) don’t have to pay for them. There are only 32. That’s the reality.”

 Right now you might be thinking, “Wait, that’s more than the $62.5 million he’s asking from the state.”

 That’s right, it is.  That’s why Jerry Richardson and the Panthers also want the City of Charlotte to jack up their taxes.  He’s pressuring the NC General Assembly to pass a bill giving the Democrat-controlled Charlotte City Council (which thinks this is all a terrific idea, by the way) permission to increase Charlotte’s prepared food and beverage tax–so the city can give Jerry another $144 million.

 Kentucky Senator Rand Paul said, “What America needs is not Robin Hood, but Adam Smith.”

 We agree, but this isn’t even robbing the rich to give to the poor.  Jerry Richardson (whose net worth is somewhere around $500 million) wants to rob from everyone to spend on himself.

 This has to be stopped.  Corporate welfare is the worst kind of welfare.  The Charlotte City Council has already eagerly agreed to this massive highway robbery, but they still need the state’s permission to jack their food taxes through the roof.  Unfortunately, leaders in Raleigh are trying to duck the issue.

 When asked about this giveaway, Rep. Bill Brawley ( said, “There will be a referendum.”

Translation: I don’t want to make a decision, so I’ll punt it to voters.

Speaker Thom Tillis said that while he’s opposed to direct state money going to the Panthers, he’s willing to consider letting Charlotte Democrats raise taxes to force Charlotte citizens to foot the bill.

None of this is acceptable.  What’s needed is for state leaders in Raleigh to stand up to this shakedown attempt and refuse to give state money to the Panthers, and also refuse permission for Charlotte Democrats to rob Charlotte taxpayers.

Right now, today, look up your NC Senator and NC House Representative’s contact information here and ask them not to give taxpayer money to Jerry Richardson and the Carolina Panthers to renovate their privately-owned stadium. Remind them it is not the role of government to subsidize professional sports.

Please also take a moment to the “NO BAILOUTS FOR SPORTS MILLIONAIRES” petition.  Your signature will send a loud and clear signal to Raleigh that you won’t tolerate having your pockets picked to turn football into another government-subsidized boondoggle.

Finally, please call House Speaker Thom Tillis and Senate President Pro Tem Phil Berger.  Ask them to vote NO on state money for the Panthers and NO to jacking up Charlotte taxes for the Panthers!

Thanks to Adam Love, NC State Coordinator for Campaign for Liberty, for leading this effort. NC Tea 411 is proud to partner with Campaign for Liberty and other conservative and grassroots organizations.


About Christine

I believe in the CONSERVATIVE principles and values of the Republican Party as they are written, and not how they are currently practiced by today's RINO's. Smaller government, lower taxes, more personal responsibility, states' rights, free market capitalism, and less government intrusion in our lives!
This entry was posted in Caldwell County Democrat Party, Caldwell County NC GOP, economy, NC Budget, NC House, NC Senate and tagged , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

2 Responses to ACTION: Can NC afford to give $144 million to Panthers’ owner?

  1. Patrick Henry says:

    The people of North Carolina do not need nor do they want to support the panthers. Who wants to afford a bunch of losers or people that break the law??? That does not make any sense to me!!!

  2. Dal Benfield says:

    Sounds like another bailout request to me. I believe they make enough money to make those
    investments on their own.

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