Charlotte City Council approved $650 million in public funds for renovations of Bank of America Stadium. The proposed renovation projects are estimated to cost $800 million. Of the $800 million, David Tepper, the owner of the Carolina Panther NFL football team, will pay nearly 20%, or about $150 million.

The facelift will include upgrades to the stadium and concessions, a new sound system and upgraded video and display boards. The 28-year-old stadium seats 75,000 people.

The city’s portion of the renovation funding will come from tax revenue dedicated to tourism-related projects. Neither Mecklenburg County nor the state are participating in the funding plan.

A portion of the funds will be used to build a new practice fieldhouse on 12 acres South Cedar Street next to the stadium. 

Longfellow Real Estate Partners, among the largest privately owned investors and developers of life science real estate, has delivered its renovated San Mateo Science Center campus in mid-Peninsula. Acquired by Longfellow in 2021, the two buildings located at 901 and 951 Mariners Island Blvd. contain more than 260,000 square feet of Class A lab and office space intended to serve a wide range of life science and biotech companies.

Construction on the campus upgrades commenced in the middle of last year, with major components including the first round of move-in ready lab suites and campus amenities that will support future customers. In addition to these spaces, Longfellow is delivering several lab suites ranging from 9,000 to 22,000 square feet in the third quarter, with other opportunities for further growth or built-to-suit space within the building.

“Throughout our Bay Area portfolio, we’ve been able to make meaningful enhancements in the developments and communities we invest in, something our entire team is proud to be a part of,” said Tara Korlipara, director of development & market lead. “The Peninsula has long been a magnet for the world’s foremost scientific research & development, and we are excited to expand our offering of world-class space to these visionaries.”