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Charlotte Hornets’ renovation, practice facility package is a bad deal, councilman says

CLT Politics is a new weekly analysis of political news and events in Charlotte and across the region published Thursday by The Charlotte Observer.

City Councilman Braxton Winston says he voted against a $275 million renovation and construction package for the Charlotte Hornets Monday because it’s a bad deal, and he wants to change the way the city approaches similar negotiations.

The deal extends the NBA team’s lease to 2045 and allocates $215 million from the city’s tourism funds to renovate the Spectrum Center. The remaining $60 million for the NBA team’s practice facility would come from whoever receives naming rights for the creation of a sports and entertainment district around the Spectrum Center.