With the political forces in the Charlotte area, there is no chance the area will fund a sports venue for UNCC. The next thing to be built is the baseball field and after that I do not think anything else has a chance of being built.
I wonder what the possibility of upgrading Memorial stadium would be? I'm rather opposed to building a new stadium for a team. Unlike most of the other football schools, there is not a huge population of UNCC students living on campus that would walk to games. I think it would be a better idea to look into other sites they could use (a deal with BofA) or something of the sort to get the best money out of the situation. And, like I said, since it is a cummuter school, people really do not mind driving that much futher intown. Also, with the light rail, you could pre-game at UNCC, take the light rail down, transfer to a midtown location, and stay wasted the entire time (this is college). I'd assume that we would not have a team, or a venue before light rail in in the NE starts up to some degree, so that would add an interesting thing to it.
You could also have CATS busses run express service from the campus to the venue. UNCC has very large commuter lots and decks for cars.