York County sent a statement to Queen City News:
Given the economic realities, the difficult but prudent decision has been made to pause the project. The ongoing work will continue with our partners to find an economically acceptable solution for all parties to continue this project in Rock Hill.” “We are committed to bettering the Carolinas community that supports our team and players. To that end, while GT Real Estate Holdings, LLC has invested more than $170 million into the development in Rock Hill, our partners have been unable to contribute the agreed-upon investment to fund the construction of the public infrastructure. TSE released the following statement to Queen City News: The Rock Hill headquarters, which would house practice facilities as well as administrative and medical personnel, was set to be completed in 2023. Tepper and the Panthers have also been in negotiations to buy land where Charlotte Pipe and Foundry is located nearby the current stadium to potentially build an entertainment district, and possibly a new stadium. There are more than 340 workers on site, but those numbers will increase to 800 at maximum workforce, and the team is using 118 area firms as part of the project. The 600,000-square-foot structure is five stories high and will include 8,875 total tons of structural steel, more than 75 miles of PVC conduit, 2.5 million feet of wire, and 4,145 light fixtures. When Tepper took over as the team’s owner in 2018, the Panthers didn’t have an indoor practice facility.
Team owner and billionaire hedge funder David Tepper, along with his group Tepper Sports Entertainment, announced last year that a new state-of-the-art facility housing the teams’ headquarters would be built just over the South Carolina state line in Rock Hill. 💻 Find today’s top stories on for Charlotte, NC and all of the Carolinas. 📧 Sign up for QC News email alerts to have breaking news sent to your inbox.
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📲 Download the Queen City News app to stay updated on the go. “Reach out to us in our official capacity so we can move forward to get this deal done.” “So, I’m reaching out to the city of Rock Hill and all the major players with the city,” added Roddey. He says it’s time to do what is right, and finish one of the biggest projects in York county. The City has met all obligations required under the agreement and is not aware of any March 2021 payment obligation.”īump Roddey expressed his concerns at the March 7, council meeting for all to hear. In a statement to Queen City News, a Rock Hill spokesperson wrote, “The City was unaware of any planned pause in construction of the Panthers facility. “So, I think it’s going to come down to us having to step in, to save Rock Hill. “We can go out and borrow money cheaper than anybody can and at an affordable rate,” says Roddey. He adds it may come down to Rock Hill’s credit rating which is A3 according to Moody a credit rating bureau. Roddey says he has been talking about the city of Rock Hill’s problem for a while. “I just hope that city gives us an opportunity and I hope the Panthers give us an opportunity to salvage this deal to avoid any possible lawsuits that may be filed.” “It’s reared its ugly head on Rock Hill’s financial situation to be able to secure this deal,” added York County council member, Bump Roddey. The Rock: Panthers new headquarters takes shape in Rock Hill They say it is a ‘pause’ in work, indicating that work will ultimately resume at some point. The City of Rock Hill was expected to make a payment in March of 2021 and did not while the team continued in good faith with the project, TSE said. That total was said to include improvements to area roads, sewage, and power. The project was said to be costing approximately $800 million in public and private money. The state of the art, $800 million project would be a crowning achievement for the Carolina Panthers, and the City of Rock Hill.
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