The Charlotte City Council Monday approved increasing the amount of funding for the NASCAR Hall of Fame by about 20% to just under $200 million.

The widely anticipated project will be funded with a mixture of certificates of participation and contributions from the state and city of Charlotte. That includes $102.5 million of certificates of participation backed by a dedicated 2% hotel-motel room occupancy tax, $15.5 million of COPs supported by the existing room occupancy tax that’s dedicated to convention center facilities, and a $16.5 million in private contributions backed by a bank loan.

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