Panthers withdraw city, county deal over abandoned facility

Sep 14, 2022, 10:35 AM | Updated: 2:49 pm
FILE - Carolina Panthers team owner David Tepper looks on before an NFL football game against the M...

FILE - Carolina Panthers team owner David Tepper looks on before an NFL football game against the Minnesota Vikings on Oct. 17, 2021, in Charlotte, N.C. Tepper's real estate company filed court papers on Tuesday, Sept. 13, 2022, asking to revoke a bankruptcy settlement it was trying to make with a city and county in South Carolina over its abandoned practice facility. (AP Photo/Jacob Kupferman, File)

(AP Photo/Jacob Kupferman, File)

COLUMBIA, S.C. (AP) — Carolina Panthers owner David Tepper’s real estate company wants to revoke a bankruptcy settlement it negotiated with the city and county where its abandoned South Carolina practice facility was supposed to be built because it says the governments are making exorbitant and unreasonable demands.

GT Real Estate Holdings had offered $21 million to York County. It suggested giving the proceeds from selling part of its site in Rock Hill so the city would get at least $20 million.

But the county and city have filed separate lawsuits and court papers. York County said it is entitled to more than $80 million in part to get back money from a special penny sales tax that was supposed to expand a road but Tepper’s company used for the proposed practice facility.

Rock Hill sued for $20 million it spent on the project and has asked the bankruptcy case be heard in South Carolina, where most of the people who lost money are located, instead of Delaware, where GT Real Estate Holdings is incorporated.

Tepper announced plans to build an $800 million practice facility in Rock Hill in 2019 to much fanfare, saying it would rival the NFL’s best — such as the Dallas Cowboys.

South Carolina Gov. Henry McMaster and state and local officials aggressively pursued the NFL owner to move the Panthers headquarters across the state line from North Carolina, where they would continue to play games in Charlotte.

Less than two years later, Tepper’s company halted work, saying Rock Hill and York County didn’t fulfill financing and other obligations. Both the city and county have denied the allegations.

York County’s lawyer didn’t respond Wednesday to the latest bankruptcy filings. Rock Hill officials said the city is looking forward to the dispute being heard in court.

The latest proposal from Tepper’s company would lump the city and county in with most other contractors. GT Real Estate Holdings said that would allow those contractors to begin to make claims for their share of $60 million set aside for them in the bankruptcy settlement as soon as possible.

“Unfortunately, the City and County have instead chosen to pursue a flawed litigation strategy, making exorbitant and unreasonable demands well in excess of their entitlements,” GT Real Estate Holdings said in a statement.

Tax breaks from the state for the Panthers were based on the number of jobs created by the team, so South Carolina didn’t directly lose money on the project. The state did provide about $35 million to build an interchange on Interstate 77 near the facility and state officials said Tepper’s company continues to pay its share for that work.

“The only state money committed to this project has been invested in accelerating the construction of a new interchange in one of the fastest growing parts of the state,” governor’s spokesman Brian Symmes said in a statement.

But state Sen. Dick Harpootlian, who has been a critic of the project since 2019, said last week on the Senate floor that the state “got suckered in by the lure of a football team and a billionaire.”

The Democrat asked McMaster to sue Tepper so he can’t make as much money off the land he still owns near the new interchange.

“He got hoodooed by this guy. He’s worth $16 billion. He’s obviously hoodooed a few people here and there. He took our governor for a ride,” Harpootlian said.

___

More AP NFL: https://apnews.com/hub/NFL and https://twitter.com/AP_NFL

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

FILE - Celina Washburn protests outside the Arizona Capitol to voice her dissent with an abortion r...
Associated Press

Arizona abortion rights backers sue to overturn old ban

PHOENIX (AP) — Supporters of abortion rights on Tuesday sued to block an old Arizona law that criminalizes nearly all abortions, arguing that laws passed by the state Legislature after 1973’s Roe v. Wade decision should take precedence and abortions should be allowed until 15 weeks into a pregnancy. The lawsuit filed by a Phoenix […]
13 hours ago
Associated Press

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for November delivery rose $2.89 to $86.52 a barrel Tuesday. Brent crude for December delivery rose $2.94 to $91.80 a barrel. Wholesale gasoline for November delivery rose 17 cents to $2.68 a gallon. November heating oil rose 17 cents to $3.54 a gallon. November natural gas rose 37 cents to $6.84 […]
13 hours ago
Associated Press

W.Va. Supreme Court hears arguments in school voucher case

CHARLESTON, W.Va. (AP) — A voucher program that would provide West Virginia parents state money to pull their children out of K-12 public schools is blatantly unconstitutional and would disproportionately impact poor children and those with disabilities, a lawyer representing parents who sued the state argued Tuesday in the state Supreme Court. The Hope Scholarship […]
13 hours ago
Associated Press

W.Va. Supreme Court hears arguments in school voucher case

CHARLESTON, W.Va. (AP) — A voucher program that would provide West Virginia parents state money to pull their children out of K-12 public schools is blatantly unconstitutional and would disproportionately impact poor children and those with disabilities, a lawyer representing parents who sued the state argued Tuesday in the state Supreme Court. The Hope Scholarship […]
13 hours ago
Associated Press

Aunt accused of pushing nephew into lake charged with murder

CHICAGO (AP) — A suburban Chicago woman has been charged with first-degree murder more than a week after the death of her 3-year-old nephew, who she allegedly pushed into Lake Michigan and watched as he sank into the water. The Cook County State’s Attorney’s office announced the murder charge Tuesday against Victoria Moreno, 34. She […]
13 hours ago
Associated Press

Aunt accused of pushing nephew into lake charged with murder

CHICAGO (AP) — A suburban Chicago woman has been charged with first-degree murder more than a week after the death of her 3-year-old nephew, who she allegedly pushed into Lake Michigan and watched as he sank into the water. The Cook County State’s Attorney’s office announced the murder charge Tuesday against Victoria Moreno, 34. She […]
13 hours ago

Sponsored Articles

...
SCHWARTZ LASER EYE CENTER

Key dates for Arizona sports fans to look forward to this fall

Fall brings new beginnings in different ways for Arizona’s professional sports teams like the Cardinals and Coyotes.
(Courtesy Condor)...
Condor Airlines

Condor Airlines shows passion for destinations from Sky Harbor with new-look aircraft

Condor Airlines brings passion to each flight and connects people to their dream destinations throughout the world.
...
Day & Night Air Conditioning, Heating and Plumbing

Most plumbing problems can be fixed with regular maintenance

Instead of waiting for a problem to happen, experts suggest getting a head start on your plumbing maintenance.
Panthers withdraw city, county deal over abandoned facility