Drew
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City of Charlotte Cancels $175 Million Major League Soccer Deal in Elizabeth Neighborhood
Tensions ran high this week as the city of Charlotte and Mecklenburg county moved closer and closer to approving the new $175 million MLS stadium contract, which would essentially replace Memorial Stadium and the Grady Cole Center in Elizabeth and bring a Major League Soccer team to our city for the first time in history.
The deal called for the city and county to each give $43.75 million to Marcus Smith and his team, with another $75 million being financed by the county, to be paid back over the next 25 years.
Yesterday morning, Mecklenburg County commissioners voted 5-3 Thursday to approve the deal, but moments later, the City of Charlotte announced that it was shutting down the deal
Tensions ran high this week as the city of Charlotte and Mecklenburg county moved closer and closer to approving the new $175 million MLS stadium contract, which would essentially replace Memorial Stadium and the Grady Cole Center in Elizabeth and bring a Major League Soccer team to our city for the first time in history.
The deal called for the city and county to each give $43.75 million to Marcus Smith and his team, with another $75 million being financed by the county, to be paid back over the next 25 years.
Yesterday morning, Mecklenburg County commissioners voted 5-3 Thursday to approve the deal, but moments later, the City of Charlotte announced that it was shutting down the deal