Bloomberg Tax
March 18, 2019, 5:41 PM UTC

NFL’s Carolina Panthers Say Stadium Overvalued by Almost $500M

Andrew M. Ballard
Andrew M. Ballard
Staff Correspondent

The NFL’s Carolina Panthers think county assessors are way off in their valuation of its stadium in Charlotte, N.C.

As part of property valuation required by state law, Mecklenburg County has determined that the Panthers’ Bank of America Stadium is worth $572.3 million. But the franchise says it’s only worth $87.3 million. The valuation difference could mean about $4 million in taxes per year.

Leo Caplanides, a spokesman for Mecklenburg County, said the team has submitted an informal review request with the county assessor’s office. According to the Panthers’ submission, they are challenging the stadium’s valuation based on the $2.3 ...

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