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Posted by
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Tepper's (Panthers Owner) company has declared bankruptcy- new practice facility dead
Posted by TigerintheNO
on 6/2/22 at 10:21 am
11
0quote:
The Carolina Panthers' proposed $800 million practice facility project in Rock Hill, South Carolina, is officially dead after team owner David Tepper’s real estate company filed for Chapter 11 bankruptcy protection in Delaware on Wednesday night.
Tepper, who made billions in hedge funds, is the NFL’s wealthiest owner. The filing will not affect the NFL’s Panthers or Major League Soccer’s Charlotte FC in any way.
It’s unclear at this point what will happen to the half-built practice facility.
Tepper has invested more than $175 million into the facility, which is located about 25 miles south of the team’s current downtown stadium and headquarters in Charlotte, North Carolina
quote:
The bankruptcy ends a bitter back-and-forth public disagreement between Tepper and the city of Rock Hill.
Tepper’s company said it negotiated with the city for more than a year, warning them in March they had 30 days or the Panthers would pull out. They said in a statement in April that is “unfortunate that some recently decided to conduct a misguided, destructive public relations campaign to obscure their failures.”
Rock Hill officials responded to the announcement, saying the Panthers' announcement was “misleading and erroneous” and that they embraced the Panthers, welcomed their headquarters to South Carolina and “did everything to make this project a success and has not defaulted on any of our obligations.”
Walking away after spending $175 MM
re: Tepper's (Panthers Owner) company has declared bankruptcy- new practice facility deadPosted by 50_Tiger 
on 6/2/22 at 10:24 am to TigerintheNO
on 6/2/22 at 10:24 am to TigerintheNOSo what happens to the current undone structure???
re: Tepper's (Panthers Owner) company has declared bankruptcy- new practice facility deadPosted by shel311 on 6/2/22 at 10:31 am to TigerintheNO
on 6/2/22 at 10:31 am to TigerintheNOquote:
The filing will not affect the NFL’s Panthers or Major League Soccer’s Charlotte FC in any way.
quote:
The Carolina Panthers' proposed $800 million practice facility project in Rock Hill, South Carolina, is officially dead
re: Tepper's (Panthers Owner) company has declared bankruptcy- new practice facility deadPosted by Monday on 6/2/22 at 10:32 am to TigerintheNO
on 6/2/22 at 10:32 am to TigerintheNOTime to return the truck nuts
re: Tepper's (Panthers Owner) company has declared bankruptcy- new practice facility deadPosted by LSUFanHouston on 6/2/22 at 10:38 am to TigerintheNO
on 6/2/22 at 10:38 am to TigerintheNO800M for a practice facility / HQ
Wasn't that long ago you could build an NFL stadium for 800M.
Wasn't that long ago you could build an NFL stadium for 800M.
re: Tepper's (Panthers Owner) company has declared bankruptcy- new practice facility deadPosted by Baers Foot 
on 6/2/22 at 10:42 am to TigerintheNO
on 6/2/22 at 10:42 am to TigerintheNO LINK
Looks like city of Rock Hill wasn't going to be strongarmed into spending taxpayer dollars on a multi-billionaire's project.
Looks like city of Rock Hill wasn't going to be strongarmed into spending taxpayer dollars on a multi-billionaire's project.
re: Tepper's (Panthers Owner) company has declared bankruptcy- new practice facility deadPosted by TigerintheNO on 6/2/22 at 10:44 am to 50_Tiger
on 6/2/22 at 10:44 am to 50_Tigerquote:
It’s unclear at this point what will happen to the half-built practice facility.
re: Tepper's (Panthers Owner) company has declared bankruptcy- new practice facility deadPosted by theGarnetWay 
on 6/2/22 at 10:52 am to Baers Foot
on 6/2/22 at 10:52 am to Baers Footquote:
Looks like city of Rock Hill wasn't going to be strongarmed into spending taxpayer dollars on a multi-billionaire's project.
Part true. From what I understand, which isn’t much, Rock Hill had agreed to a massive tax incentive package for the Panthers and intended on following through.
There were apparently delays and miscommunication about the project and then finger pointing about the bond dates.
LINK
re: Tepper's (Panthers Owner) company has declared bankruptcy- new practice facility deadPosted by ShaneTheLegLechler 
on 6/2/22 at 10:52 am to shel311
on 6/2/22 at 10:52 am to shel311Yeah if it’s stopping construction of your practice facility it most definitely affects the NFL’s Panthers
re: Tepper's (Panthers Owner) company has declared bankruptcy- new practice facility deadPosted by GetCocky11 on 6/2/22 at 10:54 am to TigerintheNO
on 6/2/22 at 10:54 am to TigerintheNOTepper is turning out to be kind of a shitty owner
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re: Tepper's (Panthers Owner) company has declared bankruptcy- new practice facility deadPosted by tigerpimpbot 
on 6/2/22 at 11:04 am to TigerintheNO
on 6/2/22 at 11:04 am to TigerintheNOAll kinds of abandoned shite in that area. That practice facility is probably pretty close to Heritage USA which is in or close to Rock Hill IIRC
re: Tepper's (Panthers Owner) company has declared bankruptcy- new practice facility deadPosted by Diseasefreeforall .gif)
on 6/2/22 at 11:05 am to TigerintheNO
on 6/2/22 at 11:05 am to TigerintheNOquote:
It’s unclear at this point what will happen to the half-built practice facility.
Odds are the two sides will come together and try to hammer out a new deal acceptable to both.
re: Tepper's (Panthers Owner) company has declared bankruptcy- new practice facility deadPosted by Trout Bandit on 6/2/22 at 11:09 am to TigerintheNO
on 6/2/22 at 11:09 am to TigerintheNORock Hill is way too nice of a place for the Panthers.
re: Tepper's (Panthers Owner) company has declared bankruptcy- new practice facility deadPosted by UAinSOUTHAL 
on 6/2/22 at 11:17 am to Trout Bandit
on 6/2/22 at 11:17 am to Trout BanditThat pic is almost a year old I wonder how much more completed it is now???
re: Tepper's (Panthers Owner) company has declared bankruptcy- new practice facility deadPosted by LSUMJ on 6/2/22 at 11:22 am to TigerintheNO
on 6/2/22 at 11:22 am to TigerintheNOThey fired their soccer coach 2 days in the midst of their expansion season when they are playing well
Very weird all around
Very weird all around
re: Tepper's (Panthers Owner) company has declared bankruptcy- new practice facility deadPosted by UAinSOUTHAL on 6/2/22 at 11:42 am to Mrwhodat
on 6/2/22 at 11:42 am to MrwhodatLatest pic I can find from Nov 2021. Building looks to be 1/2 done. They have already started on some interior finishings. Construction was stopped 3/7/2022.
This post was edited on 6/2 at 11:46 am
re: Tepper's (Panthers Owner) company has declared bankruptcy- new practice facility deadPosted by Weekend Warrior79 on 6/2/22 at 12:04 pm to UAinSOUTHAL
on 6/2/22 at 12:04 pm to UAinSOUTHALDoes it not rain in that part of the country? Would be a pretty shitty design to spend $800M and not have a decently sized indoor facility included
re: Tepper's (Panthers Owner) company has declared bankruptcy- new practice facility deadPosted by Soda City Spur on 6/2/22 at 12:19 pm to theGarnetWay
on 6/2/22 at 12:19 pm to theGarnetWayquote:didn't Rock Hill admit they were like 80 mil short on their end of the deal because they couldn't issue enough bonds?
finger pointing about the bond dates.
edit - nvm you provided a good link
This post was edited on 6/2 at 12:27 pm
re: Tepper's (Panthers Owner) company has declared bankruptcy- new practice facility deadPosted by Tbonepatron on 6/2/22 at 12:24 pm to TigerintheNO
on 6/2/22 at 12:24 pm to TigerintheNO
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