Charlotte NC, October 15, 2025
News Summary
The Charlotte City Council has approved a new 4,400-seat entertainment venue next to Bank of America Stadium. Built by Tepper Sports and Entertainment, it will host 80 to 120 shows annually, addressing the city’s need for mid-range entertainment options. Financing is entirely through private funding, with no rezoning needed for construction. The project aligns with ongoing downtown developments and aims to enhance community engagement and economic growth in the area.
Charlotte, NC – The Charlotte City Council has approved a significant development project, paving the way for a new 4,400-seat entertainment venue adjacent to the Bank of America Stadium. This venue, which will be constructed by Tepper Sports and Entertainment, the organization behind the Carolina Panthers and Charlotte FC, is expected to fill a notable gap in the city’s entertainment infrastructure, aiming to host between 80 to 120 shows annually.
The chosen site for the venue is conveniently located near the North Gate of the stadium and spans two acres. One of the key advantages of this project is that it will not require any rezoning to move forward, streamlining the approval process. Tepper Sports and Entertainment is financing the construction entirely through private funding.
This new venue is part of a larger vision outlined in Tepper Sports and Entertainment’s 2025 funding request. In conjunction with this project, the City Council also approved amendments to the lease agreement previously in place with Tepper Sports, which assures that the Panthers will continue to play in Charlotte for a minimum of another 20 years. Even if the Panthers were to cease operations, the venue would still remain operational.
Under the terms of the lease, Tepper Sports is set to pay the city an annual rent of $500,000 for the use of the land designated for the new entertainment venue. Additionally, the city will retain five days of use at the venue each year, which can be utilized for various community-related events or initiatives.
The motivation behind the venue’s establishment is to address the existing deficit of mid-range entertainment options in Charlotte. The city currently features performance spaces like The Fillmore, Ovens Auditorium, and Bojangles Coliseum, which reportedly have limited capacities and may not adequately serve the demand for events with audiences between 2,500 and 8,500 people. By filling this void, the new venue is expected to contribute positively to the local economy and enhance the vibrancy of the community.
City leaders are optimistic that this project will further support the ongoing efforts to develop uptown Charlotte, which has witnessed around $1.7 billion in recent investments, including new apartments, office spaces, retail establishments, and hotel rooms. The proposal aligns with several renovations currently happening at Bank of America Stadium and improvement initiatives around the Spectrum Center.
As Charlotte continues to grow, this new venue is anticipated to become a vital addition to the city’s entertainment landscape, driving increased foot traffic, tourism, and enhancing community engagement in the area.
Key Features of the New Entertainment Venue
| Feature | Details |
|---|---|
| Location | Adjacent to Bank of America Stadium |
| Capacity | 4,400 seats |
| Show Frequency | 80 to 120 shows per year |
| Land Area | Two acres |
| Annual Rent to City | $500,000 |
| City Use | Five days per year |
| Funding | Privately funded |
| Lease Agreement | Panthers to remain for 20 years |
FAQs
What is the capacity of the new entertainment venue?
The venue will have a capacity of 4,400 seats.
How many shows is the venue projected to host each year?
The venue is projected to host between 80 to 120 shows per year.
How will the venue be funded?
The venue will be privately funded.
What is the annual rent that Tepper Sports has to pay the city?
Tepper Sports is obligated to pay the city an annual rent of $500,000 for the land of the venue.
Will the venue stay operational if the Panthers cease operations?
Yes, the venue will continue to operate even if the Panthers cease operations.
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Additional Resources
- Spectrum Local News
- Wikipedia: Charlotte
- CBS17
- Google Search: Charlotte entertainment venue
- WSOCTV
- Google Scholar: Charlotte entertainment
- Charlotte Observer
- Encyclopedia Britannica: North Carolina
- QC News
- Google News: Charlotte City Council
Author: HERE Charlotte
The CHARLOTTE STAFF WRITER represents the experienced team at HERECharlotte.com, your go-to source for actionable local news and information in Charlotte, Mecklenburg County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Lovin' Life Music Festival, Charlotte Pride festival, and major sporting tournaments at Bank of America Stadium. Our coverage extends to key organizations like the Charlotte Regional Business Alliance and Foundation for the Carolinas, plus leading businesses in finance and entertainment that power the local economy such as Bank of America and NASCAR. As part of the broader HERE network, including HEREAsheville.com, HEREGreensboro.com, HERERaleigh.com, and HEREOBX.com, we provide comprehensive, credible insights into North Carolina's dynamic landscape.
