• Loading stock data...
Saturday, September 13, 2025
Tuned In is Almost Sold Out! Limited Tickets Remain!

Panthers’ Pause on $800M Facility Jeopardizes $115M in Tax Credits

Carolina-Panther
Bob Donnan-USA TODAY Sports

One South Carolina state senator said that David Tepper’s pause on building the Carolina Panthers’ practice facility and headquarters could result in no tax credits for Tepper Sports & Entertainment — if the $800 million facility is not completed by 2024.

“Those tax credits would ultimately confer $115 million in an economic benefit to the Panthers organization,” South Carolina Sen. Wes Climer said. “But if the team doesn’t move its payroll here by 2024, the state’s contribution goes to zero.”

  • The Legislature agreed to the tax breaks in 2019 for moving the team’s operations from Charlotte, North Carolina, to Rock Hill, South Carolina.
  • The original plans had the facility opening in August of this year, but there have been multiple delays.

Tepper paused construction in early March, reportedly due to Rock Hill failing to distribute $225 million worth of bonds for infrastructure improvement. Neither Tepper nor the team have spoken about it publicly since, but they had already invested more than $170 million in the project at the time. 

Panthers Plans

The project is supposed to include a 5,000-seat stadium, an indoor practice center, and medical, training, and nutrition facilities. Tepper owns the plot and has plans to develop it over the next two decades.

It’s still unclear when or if construction will resume, but South Carolina Gov. Henry McMaster told reporters last week that he has had multiple conversations with Tepper, who ensured the construction was only paused.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

NFL Draft Hosts: D.C., Denver, Buffalo Among Future Contenders

Pittsburgh will host in 2026, but 2027 and beyond is to be determined.
Denver-Broncos

Who are the richest NFL owners?

The NFL’s wealthiest owners form an elite club of billionaire power players.
Dec 8, 2024; Pittsburgh, Pennsylvania, USA; Cleveland Browns defensive end Myles Garrett (95) at the line of scrimmage against the Pittsburgh Steelers during the second quarter at Acrisure Stadium.

Guarantees Are Gold in NFL Free Agency—but Almost As Rare

NFL free agent contracts can officially be signed on Wednesday.
Sponsored

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

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class

Featured Today

PHILADELPHIA, PENNSYLVANIA - APRIL 19: A detailed view of the MLB Debut patch on the jersey of Patrick Monteverde #44 of the Miami Marlins prior to game against the Philadelphia Phillies at Citizens Bank Park on April 19, 2025 in Philadelphia, Pennsylvania.

The Tiny Jersey Patch at the Center of the MLB Rookie Card..

Autographed cards containing a piece of baseball history have upended the market.
September 11, 2025

Eagles-Chiefs Super Bowl Rematch Could Set More NFL Ratings Records

Fox will nationally televise Sunday afternoon’s matchup.
September 10, 2025

ESPN’s ‘MNF’ Ratings Up 8% As NFL Surges to Strong Start

ESPN posts its second-best Week 1 “Monday Night Football” audience.
Sep 7, 2025; Orchard Park, New York, USA; Buffalo Bills fans react during the fourth quarter against the Baltimore Ravens at Highmark Stadium.
September 9, 2025

As Bills Ascend, Their Next Frontier Lies in Canada

Buffalo and the powerful Canadian entity MLSE come together in a new pact.
Aug 23, 2025; New Orleans, Louisiana, USA; Detailed view of the Denver Broncos helmet against the New Orleans Saints during warmups at Caesars Superdome.

Broncos Eye 2031 Opening for New Multibillion-Dollar Stadium

The NFL team plans a new venue and mixed-use development.
August 28, 2025

As CFB Programs Add Corporate Field Logos, Are Jersey Patches Next?

Texas is adding a sponsor’s logo to its football field this season.
Aug 22, 2025; Bridgeview, Illinois, USA; Chicago Stars FC forward Jameese Joseph (8) passes the ball during the first half of a match against the North Carolina Courage at SeatGeek Stadium.
September 4, 2025

Chicago Stars FC Move to Evanston After 12 Years in Bridgeview

Stadium plans beyond the 2026 season aren’t solidified. 
Sponsored

How World Series Champ Dexter Fowler Became a Premier League Team Owner

Dexter Fowler discusses navigating retirement and embracing new roles as an owner & investor.
Dec 10, 2024; Salt Lake City, Utah, USA; A general view of the Delta Center before the game between the Utah Hockey Club and the Minnesota Wild.
August 19, 2025

Utah’s Sports Boom Expands Into Music, Emulating Atlanta

The Jazz and Mammoth owner strikes a major deal with Live Nation.
August 18, 2025

Browns $2.4B Stadium Plan Runs Into Airspace Turbulence

The team’s proposed stadium is deemed a threat to nearby airport operations.
Sofi Stadium
August 14, 2025

Los Angeles Olympics Will be First to Sell Venue Naming Rights

The decision breaks with a longstanding Olympic policy.
Nov 30, 2017; Arlington, TX, USA; General overall view of the Dallas Cowboys logo at midfield during an NFL football game between the Washington Redskins and the Cowboys at AT&T Stadium.
August 14, 2025

Arlington Pays Off Its Cowboys Stadium Debt 10 Years Early

Another major NFL venue retires its public debt far ahead of schedule.