Thursday September 21, 2023
The Best Employers in Sports Survey is Now Open!

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
Front Office Sports Today

Could Promotion-Relegation work in College Football?

The proposal aims to create an exciting media product while reducing travel for non-football sports.
Listen Now
September 21, 2023 | Podcast
Linkedin
Copy Link
Link Copied
Link Copied

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
Copy Link
Link Copied
Link Copied

What to Read

Fanatics is buying auction marketplace PWCC.

Fanatics Nabbing WWE Rights In Latest Win Over Panini

Fanatics will take over WWE's trading card rights.
RFK

RFK Stadium Bill Advances in Congress

Congress' vote is the first step towards returning the NFL to D.C.

Can Amazon Keep Up NFL Viewership Boost After Record Week 1?

The San Francisco 49ers and New York Giants face off on Thursday night.
Dallas Cowboys quarterback Dak Prescott is tripped up by New York Jets defensive end Solomon Thomas in the second quarter at AT&T Stadium.

NFL Viewership Sees 2% Increase in First Two Weeks of 2023 Season

The NFL is experiencing its highest viewership since 2018.
podcast thumbnail mobile
Front Office Sports Today

Could Promotion-Relegation work in College Football?

0:00
0:00

Featured Today

Teams without secured venue situations could be left out of a potential XFL-USFL merger.

XFL-USFL Merger Could Drop Teams, Change League Name

Teams without secured venues could be cut from a XFL-USFL merger.
September 21, 2023

Rupert Murdoch's Exit Leaves Lasting Fox Sports Legacy

Rupert Murdoch steps down as chairman of Fox Corp. and News Corp.
Could ESPN lose events such as the NBA Finals if it sold ABC.
September 21, 2023

Selling ABC Poses Billion-Dollar Dilemma for Disney and ESPN's Future

Losing ABC would create complications as ESPN enters NBA rights negotiations.
Boise State Broncos running back Ashton Jeanty (2) runs the ball against the North Dakota Fighting Hawks during the first half at Albertsons Stadium.
exclusive
September 20, 2023

The First Official Proposal for Promotion-Relegation In College Football

Realignment is forcing Group of 5 schools to rethink their structure.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Chicago Cubs
Chicago
Fanatics
New York
Tri Star Sports and Entertainment Group, Inc.
USA - Multiple Locations

FIFA, Kroenke Clash Over SoFi Stadium's World Cup Revenue Sharing

SoFi Stadium's hosting of World Cup matches may be in jeopardy.
Sports Illustrated's first college town resort will open near the University of Alabama in 2025 with a hotel, condominiums, fitness center, and other amenities.
September 21, 2023

Sports Illustrated Expands Its Footprint with College Town Resorts

SI's first sports-themed resort will open in Tuscaloosa, Alabama.
USL Championship side Oakland Roots home soccer field
September 20, 2023

As Sports Teams Exit Bay Area, Pro Soccer Gains Notable Win

The USL club Oakland Roots could be close to building a new stadium.
T-Squared Social joins PopStroke as golf entertainment venues backed by Tiger Woods.
September 20, 2023

Tiger Woods, Justin Timberlake Tee Off Sports Bar in NYC

T-Squared's Manhattan location includes a bowling alley and Full Swing simulators.
RFK
September 18, 2023

Congress Set to Debate Bill Crucial to D.C.’s Effort to Land Commanders

Congress will debate a bill enabling the redevelopment of the RFK Stadium site.
September 14, 2023

Cincinnati Joins Mixed-Use Trend With $1B Plan

MLS club looks to advance large-scale development adjacent to stadium
Oakland Roots midfielder Joseph Nane (4) and Phoenix Rising midfielder Carlos Harvey (67) fight for possession during a game on Pride Night at Phoenix Rising Stadium.
September 12, 2023

With A's Leaving Coliseum, Oakland Mulls Soccer Team's Plan

The Oakland Roots want to build a temporary 10,000-seat stadium.
Exterior of Fedex Forum in Memphis, Tennessee
August 30, 2023

Memphis Struggling To Allocate $350M Stadium Grant

City allocation of $350 million of stadium money creates growing scramble