Title
Amendment to Amended and Restated Lease for the Bank of America Stadium
Action
Action:
Authorize the City Manager, or his designee, to negotiate and execute all documents necessary to complete a First Amendment to Amended and Restated Lease for the Bank of America Stadium property (parcel identification numbers 073-281-01A and 073-281-02) with Panthers Stadium, LLC.
Body
Staff Resource(s):
Shawn Heath, City Manager’s Office
Scott Hester, City Attorney’s Office
Explanation
§ The North Carolina Department of Transportation has conveyed to the city approximately 0.244 acres of real property referred to as the “Triangle Parcel” located along South Graham Street in Council District 2.
§ The city and Panthers Stadium, LLC desire to enter into a First Amendment to the Amended and Restated Lease to modify the collective Property as described in the Amended and Restated Lease to include the Triangle Parcel in the portion of land to described as the Performance Venue Land adjacent to Bank of America Stadium.
Background
§ On June 24, 2024, City Council authorized the City Manager, or his designee, to negotiate and execute agreements between the city and Panthers Stadium, LLC, for the Bank of America Stadium Improvements Project.
- The project includes: investments to maintain and enhance the stadium; building a new Field House; accessibility and sustainability improvements; and other renovations to help to deliver world-class entertainment and related economic impacts for the city.
§ On October 13, 2025, City Council authorized the City Manager, or his designee, to negotiate and execute additional ground lease provisions for inclusion in the Amended and Restated Ground Lease that contemplate the inclusion of a free-standing performance venue on a portion of the Bank of America Stadium property.
Attachments
Attachment(s)
Map
Resolution