The Carolina Panthers say there are no plans to ask for additional money from the city of Charlotte to make renovations at the team's stadium, reports The Charlotte Observer.

The team has finished the first phase of renovations at Bank of America Stadium, with most of the work so far being paid with tax dollars.

“We have not asked for more money and do not intend to,” Panthers spokesman Charlie Dayton said.

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Charlotte’s City Council approved $87.5 million for the team last year, which keeps the team in Charlotte through the 2018 season. If the city pays $50 million more, the Panthers might consider a four-year extension on the agreement. 

According to the report, there is an Aug. 1, 2015 deadline for deciding whether to give the Panthers more money.

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