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GoodSports seeking equity partner for proposed sports complex

The city of Charlotte and GoodSports Enterprises are working out details for a proposed $77 million amateur sports complex near Bojangles Coliseum. Illustration courtesy GoodSports

The city of Charlotte and GoodSports Enterprises are working out details for a proposed $77 million amateur sports complex near Bojangles Coliseum. Illustration courtesy GoodSports

CHARLOTTE – GoodSports Enterprises is moving along in its attempts to find financing for its part of the proposed amateur sports complex near Bojangles Coliseum.

The Sarasota, Fla.-based company is looking at possible equity partnerships and will update the city in December on “a plan of attack,” Todd DeLong , commercial redevelopment manager for the city told the Charlotte City Council Economic Development and Global Competitiveness Committee on Oct. 17.

DeLong said the city is satisfied with its relationship with GoodSports, adding that public-private partnerships can be complicated.

Negotiations are underway with GoodSports to develop a $76.7 million commercial sports complex on 20.3 acres that include Bojangles and Ovens Auditorium. Plans include a 100,000-square-foot field house, a 150-room hotel, and up to 1,800 parking spaces between a structured parking deck and a paved lot.

Charlotte has pledged up to $25 million for the project and the developers plan to contribute $39.7 million. The remaining $12 million would come from the city’s hospitality tax.

The city filed a rezoning petition for the site Sept. 22. DeLong said it would file this week for a right of way that would allow access to the proposed parking spaces.

The next steps in the rezoning process include:

  • Community meeting(s) for rezoning: early December.
  • Staff update to the committee: Dec. 4.
  • Public hearing: Dec. 15.
  • City Council vote on rezoning: Jan. 20.

The area targeted for redevelopment, on the south side of Independence Boulevard, is currently zoned general business district and multifamily residential. The city wants that to change to mixed-use development with optional provisions, which allows the modification of existing plans, and general business district conditional, which puts limits on future development.

The city hopes the project will help revitalize Independence Boulevard and east Charlotte; expand the state and local tax base; provide an indoor sports and recreational facility to meet market demand; support the hospitality and tourism industry; and respond to the recreational needs of the community.

The city owns Bojangles Coliseum and Ovens Auditorium, Charlotte icons at 2700 E. Independence Blvd., and the land around them. The Charlotte Regional Visitors Association manages the facilities and property.

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