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North Carolina has a plan to pay for a $1.7B baseball stadium. But lawmakers can’t agree.
North Carolina House and Senate leaders reached a budget deal on Sunday evening. The agreement includes tax cuts and teacher raises but omits a proposal to fund a Major League Baseball stadium in Raleigh. House lawmakers opposed the Senate-led financing plan.
What changed
A budget deal was reached that officially leaves out the proposed stadium funding.
Live updates
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North Carolina Budget Deal Excludes $1.7B Baseball Stadium
confidence 95%North Carolina House and Senate leaders reached a budget deal on Sunday evening. The agreement includes tax cuts and teacher raises but omits a proposal to fund a Major League Baseball stadium in Raleigh. House lawmakers opposed the Senate-led financing plan.
What's confirmed:
- North Carolina House and Senate leaders reached a budget deal on Sunday evening.
- The budget deal does not include a proposal to fund a Major League Baseball stadium.
- The proposed Raleigh ballpark was projected to cost $1.7 billion.
- The budget agreement includes teacher raises and tax cuts.
Still unconfirmed:
- The total cost for a baseball franchise acquisition and stadium build is estimated above $4 billion.
- The project could cost taxpayers more than $700 million.
- The Stanley Cup run pumped $13 million into Wake County.