ADVANTAGES

It cost $150 million to add a retractable roof to Arthur Ashe Stadium at the National Tennis Center in New York in 2016, and Regan estimated it would take about $400 million to enclose Bank of America Stadium. Regan ran a market impact study for the Panthers before the Charlotte City Council voted in 2013 to give the Panthers $87.5 million, with $75 million going toward stadium renovations. In return for that money, the Panthers agreed to a six-year tether that would keep them in Charlotte through at least next season, with penalties if the team moves in the four years after that. Regan believes the improvements – which have included new escalators, renovated suites and enhanced premium-seating and club areas – make the stadium in its current form a strong asset to prospective buyers, especially considering the facility is paid for. 4.

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