Posted on 04/28/2022 8:16:00 PM PDT by MinorityRepublican
The Carolina Panthers have been silent about their unfinished headquarters development, and a York County councilman told Charlotte Business Journal that he thinks the team has permanently abandoned the project.
Tepper Sports and Entertainment, the Panthers’ parent company, paused work on the 240-acre development nearly one month ago due to Rock Hill’s failure to distribute $225 million worth of bonds for infrastructure improvements.
“This is going to be a stain on our name for other businesses,” councilman Bump Roddey said, acknowledging that the city didn’t keep its end of the bargain. Roddey believes the Panthers will seek to recover their expenses from the city of Rock Hill.
CBJ reported that earlier estimates showed private investment on the project would total as much as $2 billion upon completion, with local and state governments committing $400 million.
The project included a 5,000-seat stadium field, an indoor practice center, and medical, training, and nutrition facilities. Tepper, which owns the plot, has plans to develop the area over the next 20 years.
(Excerpt) Read more at frontofficesports.com ...
A billion here and a billion there and pretty soon you have a training facility.
10% to the big guy
And there are more then just one big guy in politics
It died of COVID-19.
The Fyre Festival of stadium projects.
I wonder if waning interest in wokesport was a contributing comorbidity.
The new NFL stadium in Los Angeles cost $5 billion, hosts two teams, and will host the Superbowl this year. I hear the stadium tours are amazing.
It was built with private funds in L.A.
Put a roof on it and turn it into a homeless encampment.
how much of that was tax money?
Seemed like Rock Hill was supposed to contribute $225 million but not sure why they are hesitating on this right now after making the original agreement.
If it’s a private development, why does it need $400 in public funds?
Looks like it was a bad deal. I think Rock Hill discovered that they’ve made a mistake. Cheaper to cut their costs and settle in court than to go through with this boondoggle.
LOL -— ooooh shhhhh!t...
Yeah, podunk Rock Hill got way too far out over the end of their skis. Rock Hill must’ve thought they were Charlotte. Look for York county’s property taxes to go up...
Fans are not going to support an owner who is an arrogant jerk.
His former house on Carmel Road is still there and I think of him every time I drive by. What a jerk he was.
You can be obnoxious all you want. All the owners are like that. But once you’re a jerk and you’ve antagonized your fan base, it’s over.
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