• Loading stock data...
Friday, April 25, 2025

Carolina Panthers’ $800M Facility Project Officially Nixed

  • The Panthers will no longer have a new facility after team owner David Tepper’s real estate company filed for bankruptcy.
  • Tepper’s development arm had already invested more than $170 million into the now-defunct project.
Bob Donnan-USA TODAY Sports

Any hope for a new $800 million team headquarters for the Carolina Panthers in Rock Hill, South Carolina, has officially been dashed after team owner David Tepper’s real estate company filed for bankruptcy.

Tepper’s development arm — GT Real Estate —  had already invested more than $170 million into the now-defunct project that had a controversial start and disappointing finish. 

York County, where Rock Hill is located, gave $21 million to GT Real Estate for the project and is expecting to have the funds returned in full with interest to protect taxpayers.

  • The project was going to include fields, a 5,000-seat stadium, and indoor practice center.
  • The facility was also supposed to house medical and training facilities. 

GT Real Estate’s bankruptcy wasn’t the only setback keeping the Rock Hill project from becoming a reality. Construction of the facility was put on hold in March after Rock Hill missed a second payment toward $225 million of promised infrastructure costs of the development. Construction on the facility began in 2020, and it was scheduled to open in 2023.

Potential Plan B

Before Tepper’s plan to build a new facility dissolved, he purchased land near Bank of America Stadium in Charlotte, the Panthers’ home field since 1996. It’s also home to MLS expansion team Charlotte FC, owned by Tepper.

The purchase of 4.6 acres, which was made by GT Real Estate, was for more than $15 million. There are currently no plans to develop the site.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Apr 4, 2025; Boulder, CO, USA; Colorado Buffaloes quarterback Shedeur Sanders (2) runs drills at the University of Colorado NFL Showcase at the CU Indoor Practice Facility.

Shedeur Sanders Not Selected in First Round of NFL Draft

There were questions around his attitude and skill set going into the draft.

Raiders Make Ashton Jeanty Highest-Drafted RB Since Saquon Barkley

Jeanty led Boise State to the College Football Playoff this past season.
NFL draft prospect, Colorado Buffaloes wide receiver Travis Hunter, arrives during the NFL Draft Red Carpet event at Lambeau Field in Green Bay on Thursday, April 24, 2025.

Jags’ Trade Up for Travis Hunter Highlights His Immense Value

The Heisman Trophy winner was drafted No. 2 overall after Jacksonville made a big move up.

No. 1 Pick Cam Ward Is the Face of Football’s Transfer Portal..

Ward played for three teams in his college career, which started in 2020.

Featured Today

The Former NBA Agent Who Became a Pickleball Deputy Commissioner

Chris Patrick went from representing Jimmy Butler to pickleball deputy commissioner.
Apr 5, 2025; San Antonio, TX, USA; Duke Blue Devils forward Cooper Flagg (2) reacts after a three point basket against the Houston Cougars during the first half in the semifinals of the men's Final Four of the 2025 NCAA Tournament at the Alamodome.
April 21, 2025

Cooper Flagg’s Timing Is Perfect for the NBA and USA Basketball

The projected No. 1 pick just declared for the draft.
Apr 14, 2025; New York, New York, USA; Paige Bueckers is interviewed by ESPN after being selected with the number one overall pick to the Dallas Wings in the 2025 WNBA Draft at The Shed at Hudson Yards
April 21, 2025

ESPN’s WNBA Coverage Mirrors the League’s Stunning Growth

“I don’t think we stand still in our coverage of women’s sports,” says Rowe.
Mar 16, 2025; Milwaukee, Wisconsin, USA; Oklahoma City Thunder guard Shai Gilgeous-Alexander (2) celebrates with guard Isaiah Joe (11) after score in the fourth quarter against the Milwaukee Bucks at Fiserv Forum.
April 20, 2025

Unorthodox OKC: The Thunder Redefined Tanking to Become NBA’s Best

A rebuild years in the making has OKC in the driver’s seat.
Rendering for Bridgestone Arena

Predators Unveil $650M Plan to Keep Pace With NHL’s Venue Race

The NHL team has big plans for the 28-year-old Nashville arena.
RFK
April 17, 2025

Commanders Plan $3B Return to RFK Stadium Site—With Some Opponents

A potential deal calls for a new stadium costing more than $3 billion.
Mar 13, 2020; Augusta, GA, USA; The front entrance at Augusta National Golf Club in Augusta, Ga., Friday morning. The Masters Tournament has been postponed due to coronavirus concerns.
opinion
April 20, 2025

What’s It Like to Play Augusta? A Day on the World’s Most..

Inside a round at the most exclusive club in the world.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

This week, Two-time Super Bowl Champion and CBS NFL analyst Logan Ryan joins us to talk the business of sports on our third installment of Portfolio Players.
April 16, 2025

Sabres’ Struggles Extend Off the Ice As Arena Ownership Battle Brews

The 29-year-old arena needs extensive renovations.
April 10, 2025

Denver’s $200M NWSL Stadium Plan Hits Roadblock Over Funding

City council members question the proposed use of public funds.
Apr 9, 2025; Pittsburgh, Pennsylvania, USA; Pittsburgh Pirates first baseman Endy Rodriguez (5) and catcher Joey Bart (14) collide attempting to catch a pop-up hit by St. Louis Cardinals designated hitter Willson Contreras (not pictured) during the eighth inning at PNC Park.
April 9, 2025

Pirates Facing Fan Backlash Over Dumping Bricks and Clemente

Fans’ “Bucco Bricks” were found at a recycling facility.
April 3, 2025

Tropicana Field Roof Repair Gets Approval: Will Rays Return in 2026?

The Rays could return to the ballpark in 2026.