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Carolina Panthers, Charlotte Knights could get big tax breaks on land around stadiums

A new bill in the North Carolina legislature would give the Carolina Panthers a big tax break on the land the team leases from the city of Charlotte.

The measure comes about a month after hedge fund billionaire David Tepper agreed to buy the team for $2.275 billion. Tepper has not said what he plans to do with Bank of America Stadium — among the NFL's oldest. But local officials, including N.C. Gov. Roy Cooper and Charlotte Mayor Vi Lyles, have said they will work to keep the Panthers in Charlotte.

The Panthers lease 34 acres from the city for $1 a year.