USAT: Panthers Wire audio clip

USAT: Panthers Wire

Mar 8, 2022

Well, it seems as though “rebuilding” isn’t the only type of building the Carolina Panthers are currently failing at. - Construction on the organization’s new headquarters in Rock Hill, S.C. has been halted after a bit of a financial trip-up. As noted in a statement released by Tepper Sports & Entertainment on Monday, the City of Rock Hill did not follow through on their initial payment for the development—which is almost a year overdue according to sources of The Charlotte Observer. - “We are committed to bettering the Carolinas community that supports our team and players,” the statement reads. “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. - “Given the economic realities, the difficult but prudent decision has been made to pause the project. The on-going work will continue with our partners to find an economically acceptable solution for all parties to continue this project in Rock Hill.” - This news, apparently, has come as a surprise to Rock Hill—as city manager David Vehaun told the Observer that the city “has met all financial obligations” on the project to this point. Rock Hill mayor John Gettys added a few uncertain words of his own, stating the team plans to evaluate the development due to various economic constraints such as inflation and the COVID-19 pandemic. - Also, to be fair, would you be eager to hand the Panthers any money given the state of their on-field product? - - RelatedPanthers restructure LB Shaq Thompson's contractReport: Panthers maintain interest in Texans QB Deshaun Watson through combine - - List - - Ranking 6 possible destinations for Cam Newton in 2022 - - - - - - - - - - - - - - - - - - Email - - - - - Sign up - - - - - - - - Like this article? - Sign up for the Panthers Wire email newsletter to get our top stories in your inbox every morning - - - - An error has occured - - - Please re-enter your email address. - - - - - - Thanks for signing up! - - - You'll now receive the top Panthers Wire stories each day directly in your inbox.

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