The 245-acre site of a proposed $800 million team headquarters for the Carolina Panthers in Rock Hill, South Carolina, is now up for sale after the project fell apart.
Rock Hill Overlook is on the market after the Panthers and team owner David Tepper abandoned their HQ project. Construction was paused in March 2022 when Rock Hill missed a payment toward infrastructure costs.
- Plans for the failed project included a 5,000-seat stadium and indoor practice center.
- Construction began in 2020 and was scheduled to be completed in 2023.
Tepper’s development arm GT Real Estate then filed for bankruptcy in June after already investing more than $170 million into the now-defunct project.
York County, where Rock Hill is located, gave $21 million to GT Real Estate for the development and wants to be repaid.
In August, GT Real Estate submitted a plan to the U.S. Bankruptcy Court to repay creditors and resolve all claims. GT Real Estate would put $60.5 million into a trust dedicated to paying back creditors and contractors and also pay York County $21.1 million.
The proposed plan, which must be approved by the court, is slated for a hearing in October.
Same Move, Different Team
Tepper Sports & Entertainment backed out of a team facility project for its MLS team — Charlotte FC — in July. TSE had a public-private partnership at Charlotte’s Eastland Mall.
