The NASCAR Hall of Fame moved closer to a multi-million dollar makeover on Monday when a key City Council committee approved a plan to spend $25 million to renovate the Uptown attraction.

The economic development committee’s unanimous vote means the plan will now go to the full council for consideration, probably this fall.

Why it matters: Built in 2009, the NASCAR Hall of Fame is one of Charlotte’s most visible tourist attractions, contributing about $74 million a year to the local economy, according to the Charlotte Regional Visitors Authority.

Plan details

If approved, the renovation would be funded by a 2% tax on hotel rooms — money dedicated to venue maintenance. The renovation plan includes $12-15 million for construction and an estimated $10 million for design, furniture, permit

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