Mayor Anthony Foxx, who has been a supporter of the proposed Bank of America Stadium renovations, announced his decision not to run for a third term as Mayor of the City of Charlotte on Friday.
In the statement regarding his decision, the Mayor expressed his continued support for the Panthers and team Owner/Founder Jerry Richardson:
"The Carolina Panthers franchise has become part of the fabric of Charlotte. Within 60 days, I expect we'll know what tools the City of Charlotte will be allowed to use to keep the team here for another generation. Jerry Richardson is a good man who fought hard to get the team to Charlotte. He knows that a future owner could move the team and that the team is worth more with that flexibility. He is working against his own financial interests to preserve its presence here. That's why I am proud of the Charlotte City Council for working so hard to craft a partnership."
There is currently a bill in the North Carolina legislature to provide a funding mechanism for the stadium improvements. The bill has cleared the House of Representatives and will go to the Senate next.
"We wish Mayor Foxx the very best in whatever direction his career takes him and appreciate his support of our stadium project and his kind words regarding Mr. Richardson's efforts," Panthers President Danny Morrison said.