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Message
re: Tepper's (Panthers Owner) company has declared bankruptcy- new practice facility dead
Posted on 6/2/22 at 12:42 pm to GetCocky11
Posted on 6/2/22 at 12:42 pm to GetCocky11
quote:
Tepper is turning out to be kind of a shitty owner
Yep
Bring back Richardson
0
Posted on 6/2/22 at 2:14 pm to TigerintheNO
How can it NOT affect the team?
Posted on 6/2/22 at 2:55 pm to TigerintheNO
quote:
The Carolina Panthers' proposed $800 million practice facility
Holy shite
What’s the average NFL practice facility cost?
Posted on 6/2/22 at 3:37 pm to UAinSOUTHAL
God damn 800 million feels like a lot for that l.
It doesn’t seem like a very substantial or impressive facility
It doesn’t seem like a very substantial or impressive facility
This post was edited on 6/2/22 at 3:39 pm
Posted on 6/2/22 at 4:27 pm to 50_Tiger
quote:
So what happens to the current undone structure???
Some Dim will claim it as theirs and then tax someone else for it
Posted on 6/2/22 at 4:30 pm to TigerintheNO
quote:
The Carolina Panthers' proposed $800 million practice facility project in Rock Hill, South Carolina, is officially dead
Good
quote:
Looks like city of Rock Hill wasn't going to be strongarmed into spending taxpayer dollars on a multi-billionaire's project.
Even better
Now if our country could tell that to Dims and frickface traitors like Mitch McConnell
Posted on 6/2/22 at 4:38 pm to Mizzoufan26
quote:
God damn 800 million feels like a lot for that l.
Yup. I just assumed it was part of some larger entertainment complex or development, but it appears not.
Posted on 6/2/22 at 5:07 pm to LSUFanHouston
quote:
Yup. I just assumed it was part of some larger entertainment complex or development, but it appears not.
The new Cowboys practice facility that opened a few years ago in Frisco cost over $1 Billion. However, it was part of a nearly 100 acre development that included a 12,000 seat stadium, a hotel, shops, restaurants all in the middle of one of the fastest growing areas in the U.S.
Posted on 6/2/22 at 5:21 pm to TigerintheNO
quote:
Walking away after spending $175 MM
Its all a negotiating tactic.
Posted on 6/2/22 at 9:12 pm to FightinTigersDammit
Because it’s a different company. It’s the equivalent of Jeff Bezos filing bankruptcy at the Washington Post and it not effecting Amazon. Two different things.
Posted on 6/10/22 at 3:56 pm to Ponchy Tiger
Just to provide an update, York County is suing Tepper’s businesses AND the City of Rock Hill for misappropriating the money on a failed vanity project.
LINK
LINK
quote:
York County has filed a lawsuit against several of Carolina Panthers owner David Tepper’s organizations and the city of Rock Hill over the “misappropriation” of $21 million in funds tied to the team facility that was under construction in Rock Hill.
According to the lawsuit, those monies were restricted public funds that were to be used to expand Mt. Gallant Road in York County. Appaloosa Management, DT Sports Holding and Tepper Sports Holding were each named as defendants and are referred to throughout as the “Tepper Defendants.”
County leaders allege in the lawsuit the Tepper Defendants “improperly utilized these funds on their failed vanity project, the Carolina Panthers’ headquarters and practice facility.”
“Both the City and the Tepper Defendants have harmed York County and its taxpayers, and the County should be made whole,” court documents state.
The $21 million came from the county’s Penny Tax Revenue and was designated to expand Mt. Gallant Road between Dave Lyle Boulevard and Anderson Road from two lanes to three, the lawsuit states.
This post was edited on 6/10/22 at 3:57 pm
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