• Loading stock data...
Monday, December 2, 2024

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

Cowboys-Giants on Thanksgiving Draws 38.5M, Tops 2024 NFL Ratings

The Giants-Cowboys Thanksgiving afternoon game drew 38.5 million viewers on Fox.

Chiefs-Texans Game on Peacock Will Feature Madden Alt-Cast

The broadcast will include Madden staples like player ratings and route trees.
Oct 1, 2024; Brooklyn, New York, USA; Las Vegas Aces guard Kelsey Plum (10) drives past New York Liberty forwards Kayla Thornton (5) and Betnijah Laney-Hamilton (44) during game two of the 2024 WNBA Semi-finals at Barclays Center.

Kelsey Plum Backs Out of Unrivaled

She’s skipping the new league’s season, along with Caitlin Clark.
Bluesky and Twitter

Why Bluesky Is Not a Serious Threat to Sports Twitter

Bluesky recently hit 23 million total users. That doesn’t touch X/Twitter.
podcast thumbnail mobile
Front Office Sports Today

Happy Thanksgiving From FOS Today

0:00

Featured Today

U.S. Investors Are Gunning for England’s Small Soccer Clubs

Is another Hollywood-like success story possible among the U.K.’s smallest clubs?
Nov 1, 2024; Boise, Idaho, USA; Boise State Broncos running back Ashton Jeanty (2) leads the team onto the field prior to the first quarter against the San Diego State Aztecs at Albertsons Stadium.
November 29, 2024

Schools Are Scrambling to Prepare for the NCAA Revenue-Sharing Era

In the post–House v. NCAA world, “everyone’s kind of on their own.”
Nov 4, 2024; Kansas City, Missouri, USA; Recording artist Taylor Swift arrives prior to a game between the Tampa Bay Buccaneers and the Kansas City Chiefs at GEHA Field at Arrowhead Stadium.
November 29, 2024

The PWHL Could Be Inviting a Date With Taylor Swift’s Legal Team

The Toronto Sceptres may have opened a Pandora’s box of trademark issues.
November 23, 2024

Can an Elite Women’s Soccer School Survive the New College Sports Moneyball?

Santa Clara faces an uphill battle in the new college sports landscape.

Bears $4.7B Dome Plan Takes Hit After Deal With Chicago Suburb

The Bears and Arlington Heights resolved a longstanding tax dispute.
November 21, 2024

Rays $1.3B Ballpark Plans Stalled by Bond Delays, Hurricane Fallout

St. Petersburg officials vote to delay bonds for a new ballpark.
November 26, 2024

Rays Facing Schedule Shake-Up, Outdoor Adjustments, Political Drama

The schedule shifts look to address the vagaries of Florida’s summer weather.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
Tampa Bay Rays
November 19, 2024

Rays Tampa Future in Doubt as County Commission Delays Bond Vote

The planned $1.3 billion ballpark now falls into further question.
November 19, 2024

Royals Ballpark Plans Expand to Kansas Amid Unsettled TV Future

Deals could be struck in the coming weeks on both the club’s local media rights and a future stadium.
November 19, 2024

RFK Stadium Bill Advances Out of Senate Committee

Maryland, Virginia, and D.C. are potential future homes for the Commanders.
Roof of AT&T Stadium
November 19, 2024

Even the Cowboys’ Stadium Is Falling Apart

“The wind got in there and exacerbated the looseness,” Jerry Jones said.