Wednesday December 6, 2023

Panthers $2B HQ Project Could Be ‘Permanently Abandoned’

Carolina-Panters
Carolina Panthers
Linkedin
Copy Link
Link Copied
Link Copied

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.

Silence Speaks

Tepper Sports hasn’t commented on the project since its March statement, where it revealed it had already invested more than $170 million in the project. The company has also not agreed to a new financing program proposed by York County.

“My best guess is they’re not saying anything because they’re working on the legal part,” Roddey said. South Carolina Gov. Henry McMaster is more confident, commenting “we certainly think everything will be ironed out soon.”

Linkedin
Copy Link
Link Copied
Link Copied

What to Read

A rendering of the SSG Landers new baseball stadium currently under construction in Incheon, South Korea.

Korean Baseball Team Building First Stadium With A Mall

The KBO’s SSG Landers are building a 21,000-seat stadium in Incheon.
The College Football Playoff is considering rotating TV networks for the national championship game.

CFP Considers Super Bowl-Like Rotation For National Championship Game

Multiple networks could share rights to the championship game, sources told FOS.

Greg Olsen's Coaching Ambitions Could Shake Up Fox Sports' NFL Broadcasts

The current No. 1 analyst could be a candidate for a head coaching job with the Carolina Panthers.

Could Panthers' Ongoing Setbacks Lead To A Surprise Move?

The Panthers are searching for yet another head coach.
podcast thumbnail mobile
Front Office Sports Today

Premier League Sets New Bar with Media Deals

0:00
0:00

Featured Today

The future of the Pac-12 rests on a court decision.
November 24, 2023

The Pac-12 Plays Its Final Regular-Season Game. Then A Court Decides Its Fate.

The conference's future rests with a court decision.
Lane Kiffin
November 9, 2023

Ole Miss, Lane Kiffin Lawyers Argue for Dismissal of Player Lawsuit

FOS obtained audio of Lane Kiffin's interaction with the player behind lawsuit.
LSU Lady Tigers head coach Kim Mulkey reacts against the Iowa Hawkeyes during the NCAA Womens Basketball Final Four National Championship at American Airlines Center.
November 6, 2023

Who Is The Highest-Paid Women’s College Basketball Coach?

LSU rewarded Kim Mulkey after winning a national title after her second year leading the program.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Wasserman
Multiple - USA Careers
Live Nation
Multiple - USA Careers
Saco Bay PT
Multiple - USA Careers

Commanders Spend Big On Current Home While Planning New Stadium

The Washington Commanders will keep upgrading FedEx Field.
Wimbledon center court on a partly sunny day
November 27, 2023

Wimbledon Expansion Fate Rests In London Mayor’s Office

London borough of Wandsworth votes against $250 million expansion bid.
November 30, 2023

Brisbane's Big Build: $1.8B Super Stadium For 2032 Olympics

Centerpiece venue for upcoming Games to be torn down, rebuilt.
Sponsored

NHL’s Chris Foster on Amplifying Content Distribution With Automation

Learn how the NHL is using WSC Sports to increase fan engagement.
A rendering of the inside of the proposed rebuild of Ryan Field.
November 21, 2023

Northwestern Secures Approval For New $800M Football Stadium

Northwestern's rebuild of Ryan Field can move forward after a contentious debate.
November 17, 2023

Tiger, Rory's New Golf League Dealing With Setback As Dome Collapses

The dome at SoFi Center in South Florida collapsed.
A rendering of the proposed renovations to the Louisiana Ragin' Cajuns football stadium.
November 17, 2023

Louisiana Ragin’ Cajuns Investing $65M in Stadium Renovation

It’s the biggest renovation since the venue opened in 1971.
A general view of Kauffman Stadium before a game between the Kansas City Royals and Los Angeles Angels.
November 16, 2023

Royals May Consider Third Stadium Site After Missing Deadline

The other two options are in KC’s East Village and Clay County.