NC's $1.7B stadium financing stalls as House balks at public funding

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Source: WRAL
NC's $1.7B stadium financing stalls as House balks at public funding
Photo: WRAL
TL;DR Summary

North Carolina Senate leaders push a government-backed framework to finance a $1.7 billion Raleigh MLB stadium, including $500 million in state funds and the rest from local revenue, sports betting taxes, income tax withholdings from performers, and a new sports-and-entertainment district; House Republicans oppose public funding, leaving the plan out of the state budget and complicating Raleigh’s MLB expansion bid as lawmakers haggle over timing and financing.

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