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North Carolina legislature gives Charlotte green light to divert tax money for stadium

North Carolina legislature gives Charlotte green light to divert tax money for stadium

The North Carolina legislature would provide no public money for the effort to upgrade Bank of America Stadium.  But the powers-that-be in Raleigh have opted to allow Charlotte to divert existing taxes to the effort. The North Carolina Senate voted unanimously, 45-0, to approve the use of existing food and beverage taxes and a hotel…