Panthers Terminate Deal With Rock Hill To Build Practice Facility And Headquarters

ROCK HILL, SC – The future of the Panthers Rock Hill headquarters and practice facility in question after team owner David Tepper sent a notice to Rock Hill terminating their agreement.

The move comes after more than a month of halted work on the site and a back-and-forth on who is to blame for missing payments.

“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.”  GT Real Estate Holdings, which is owned by David Tepper, wrote in a statement on Tuesday.

This massive practice facility and headquarters could become an expensive eye sore.

Last month Tepper sports put the more than $800 million dollar project on hold saying the city of Rock Hill failed to meet a payment deadline from March of 2021.

“Boy did we get a statement today. And it wasn’t the one that we were hoping for,” said William ‘Bump’ Roddey, a York County council member.

He says the city of Rock Hill had plenty of time to hold up their end of the agreement and secure the $225 million dollars in infrastructure bonds.

“They’ve transformed this city from a mill town to a beautiful travel destination. And you do that with borrowed money. And that goes on your balance sheet. And sometimes your balance sheet just can’t handle $225 million more dollars at a time,” said Roddey.

Roddey Says this will likely damage the working relationship moving forward.

“It can become a huge problem in Rock Hill, York County, and the state of South Carolina if we’re not able to work this out,” said Roddey.

South Carolina Governor Henry McMaster called the Panthers decision “disappointing.”

Meanwhile, Rock Hill Mayor John Gettys says they plan to continue negotiating in good faith with the Panthers.

“Be assured the City of Rock Hill did everything to make this project a success and has not defaulted on any of our obligations…that is not how we do business,” wrote Gettys.

Roddey says there may be an opportunity for the York County Council to step in and salvage the deal.

“We’re hoping that signifies an opportunity for York county council and York county government to pick the ball up 100% to put the deal on the table and see what it is that will satisfy the Panthers and be a fair deal for York county tax payers,” said Roddey.