The Future Carolina Panthers Facility In Rock Hill Is No More
Looks like Carolina Panthers owner David Tepper and the city of Rock Hill were unable to reach an agreement. Construction had recently stalled on the facilities that were in the process of being built (construction began in 2020). Included in the facility would have been offices, practice fields both indoor and outdoor, as well as residential and retail space. The team told told WCNC today, Tuesday, that they are terminating the agreement they had with the city of Rock Hill.
The team sent this statement to WCNC:
On February 26, 2021, the City of Rock Hill became delinquent on their obligation to fund the public infrastructure. Despite our persistent efforts throughout 2021, the City of Rock Hill failed to issue the bonds or provide the funding for the public infrastructure for the project.
On March 18, 2022, GTRE issued a default notice and the City did not cure its default within the prescribed 30-day cure period. It is unfortunate that some recently decided to conduct a misguided, destructive public relations campaign to obscure their failures.
We have sent notices to the City to formally terminate the previous agreements. Accordingly, we are prepared to sit down with the City and other interested parties to discuss the significant challenges ahead.
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