One of the first orders of business was to select a stadium site. Although sites in both North and South Carolina were considered, Richardson Sports announced on December 15, 1989, the selection of a site in Uptown Charlotte as the future home of a privately financed stadium that would seat more than 70,000 fans.
At the March 18, 1992 NFL owners meeting, the number of expansion hopefuls was reduced from 11 to seven. Carolinas’ bid made the cut. A few months later, on May 20, the NFL reduced the list to five communities ¬ including Baltimore, St. Louis, Memphis, Jacksonville and the Carolinas. The finalists’ enthusiasm was somewhat dampened, however, when on October 20, 1992, the NFL owners, citing complications surrounding the ongoing NFL labor situation, voted to delay the expansion vote until their fall 1993 meeting.