Another delay for MLS stadium deal in Charlotte

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A decision on public funding for a potential Major League Soccer stadium in Charlotte, North Carolina was delayed once again Monday.

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Charlotte’s city government committee stated no decision would be made on helping to fund a new MLS stadium before Aug. 2 when a country vote is scheduled.

It is the latest delay for the proposed $175 million stadium.

Potential owner Marcus Smith — CEO of Speedway Motorsports — has offered to pay the full $150 million MLS expansion fee, plus $87.5 million towards the stadium. With $43.75 million committed to help pay for the stadium, a decision on another $43.75 million has yet to arrive, leaving the stadium bid, and Charlotte’s entire MLS bid, in limbo.

Charlotte is one of 12 U.S. cities who have submitted a bid back in February for two MLS expansion franchises which will be awarded later this year. It is also not the first of those 12 cities to suffer a blow when it comes to requests for public funding of stadiums, as St. Louis found out recently with their MLS bid in ruins.

Via the Charlotte Business Journal, here’s some more information on what lies ahead for the Charlotte bid.

County commissioners voted in January to commit $43.75 million of property tax money to help pay for the proposed stadium. They also endorsed a county-owned site on the edge of uptown now occupied by Memorial Stadium and Grady Cole Center. Smith would build a stadium there after demolishing the existing stadium and arena.

At the time of the county vote, City Council was expected to decide on a related $43.75 million request also to be used for stadium construction. Instead, council members opted against a vote, citing higher priorities such as the next annual budget and an emphasis on public safety, affordable housing and jobs. This month, city council and the county commission each passed annual budgets without any property tax increases.

Smith has consistently said he remains hopeful local government and others will rally around the chance to bring an MLS team to town.

In a prepared statement issued Monday evening, Smith and his MLS4CLT bid group said of the council referral, “We hope the city and county can continue to work toward realizing the dream of a stadium in Charlotte on a timeline that works for all parties. Our commitment to bring Major League Soccer to Charlotte has not wavered, nor has the support of thousands of people in this community who are looking to their elected officials to endorse this plan that will positively impact our region for generations to come.”

For now, those hopes look like a long shot.