Friday, July 25 2014 9:23 PM EDT2014-07-26 01:23:15 GMT
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Charlotte city leaders got a look at plans to create an Amateur Sports Development Complex at the current Bojangles Coliseum/Ovens Auditorium site.
A field house would be built, an office complex, a 150 room hotel, also retail and restaurant space would be set up.
"I think it can be huge in terms of bringing in visitors to Charlotte," Mayor ProTem Michael Barnes said. "Creating new life in that part of the city."
Neighbors say this is welcomed news.
"Gives a shot in the arm," Northeast Community Corridor President Nasif Majeed said. "Economically shot in the arm."
The city's economic development committee heard and saw plans for the development. They say it is a good plan. It would be developed by GoodSports.
"Charlotte has a great brand," GoodSports VP Development Anthony Homer said. "For not only amateur sports, but all of the sports and we want to be here."
He believes now is the time to build.
"You've got a reduction in Park and Rec budget," Homer said. You've got reductions in the school systems budget, but at the same time sports participation continues to grow, grow and grow."
Leaders from Charlotte Regional Visitors Authority (CRVA) say they already have a long list of potential event that could use the facilities. The project will cost nearly $80 million, $25 million will come from the city. Also the Hospitality Industry is chipping in $12 million.
City officials are concerned with this big investment will the developer have enough to update the facility if necessary.
"We're working through that now," Barnes said. "To make sure as time moves on, that Bojangles and Ovens both are maintained well - that the new amateur sports facilities are maintained."
The public will be able to weigh in on this development starting in July and could vote on this project in October.
If approved construction would begin at the end of the year and it could be complete in 2016.