CLT Commits $110 Million to Major League Soccer at Bank of America Stadium

The City of Charlotte has committed $110 million to make Bank of America stadium-soccer friendly ahead of an expected announcement awarding the city Major League Soccer's thirtieth team, WCNC NBC Charlotte has confirmed.

On Wednesday, WCNC NBC Charlotte obtained a November letter written by Charlotte Mayor Vi Lyles to Major League Soccer commissioner Don Garber. In the letter, Lyles commits hospitality funds for the stadium. She also includes property at the old Eastland Mall site for a team headquarters and practice facilities.

In her letter Lyles wrote, in part:

Our plans together include:

1. The Charlotte MLS franchise locating its headquarters and practice facilities on the Eastland site just north of downtown Charlotte

2. Modifications to Bank of America Stadium to support MLS and provide a world-class fan experience

3. Significant and meaningful community benefits that will connect this new franchise with our residents across Charlotte and lift up youth sports in our communities and schools

4. $110 million in hospitality funds set aside to help ensure a successful venture over the next many years

5. Continued work to build out an entertainment district connecting Charlotte’s center city and our Gateway District.

Renovations to Bank of America Stadium, home to the Carolina Panthers, was the last key milestone believed needed to secure the franchise.

Sources tell WCNC NBC Charlotte's Hunter Saenz the proposed money would still need to be voted on publicly before the deal could be official.

Visit WCNC for more details.

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