Study Shows Panthers Generate $636 Million Annual Economic Impact
CHARLOTTE, NC – Charlotte’s got a lot – to lose – if the new owner of the Carolina Panthers pulls the team out of the Queen City.
Owner and founder Jerry Richardson says he plans to sell the team at the end of the season. The NFL is currently investigating him for alleged workplace misconduct.
Overall the team is estimated bring an annual $636 Million economic impact to the region. That’s according to a 2012 study from the University of South Carolina.
It also found the team is responsible for more than 6,300 jobs, creating nearly $93 Million in annual tax revenue.
“That’s huge. I mean, where you’re starting to put the numbers together that’s huge,” says Jeffrey Kahlmorgan, General Manager of American Burger Company in Uptown Charlotte.
Sunday’s a big day, not only on the field, but also in the kitchen there.
“I would say 25 percent of our yearly business comes from the Panthers games,” Kahlmorgan explains.
The USC study also concluded the Panthers make Charlotte a “major league city,” bringing national exposure, attracting newcomers and new business.
City leaders have invested in stadium upgrades in exchange for a tether keeping the team here through the end of the 2018 season.
Now some worry if it will be enough to satisfy a new owner, who could be lured by a city with a more lucrative offer.
“Hopefully whoever comes in will recognize the beauty of our region, the beauty of Charlotte, and recognize that the Carolina Panthers need to stay right here at home,” says Charlotte City Council member Lawana Mayfield.