• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar

Carolina Sports News

Carolina Sports News

Following the funds: 1,500 pages detail Panthers/Rock Hill deal

June 20, 2022 by Fox 46

ROCK HILL, S.C. (QUEEN CITY NEWS) — Documents we requested show the city of Rock Hill paid David Tepper’s company, GT Real Estate Holdings, LLC, $20 million and roughly $51,000 just weeks before the Panthers say Rock Hill missed a critical $225 million commitment.

As Queen City News poured through 1,500 pages of documents, we learned more about who was involved in this deal and how convoluted it was.

Recorded-Land-Development-Agreement-002-2Download

Diving into the financial details of the contract between Rock Hill and the Panthers, the city by “reasonable best efforts” was required to issue bonds by no later than February 26, 2021. The agreement clarifies it’s not a guarantee there would be a buyer for any of the bonds.

The Panthers stopped construction alleging Rock Hill missed that $225 million deadline.


📲 Download the Queen City News app to stay updated on the go.
📧 Sign up for QC News email alerts to have breaking news sent to your inbox.
💻 Find today’s top stories on QCNews.com for Charlotte, NC, and all of the Carolinas.


Now, Queen City News is learning what that money was going toward: $117 million was earmarked for items like landscape elements, utilities site clearing, sidewalks and more. The remaining amount was for expenses like design fees, off-site roadway improvements, the Manchester Park Road connection, the preservation of a light rail option and 5G technology.

FinanceConstructionAgreementPaymentDownload

The 1,500 pages also revealed Chester County had skin in the game. An agreement between Chester and York Counties shows the two were coordinating to develop a joint county industrial and business park.

The 2020 agreement indicates Chester County could have generated revenue from businesses in that area. The copy of that contract provided to QCN, however, was not executed.

PermitReimbursementPaymentDownload

York County eventually sued both Rock Hill and the Panthers alleging the city missed that bond commitment, and the Panthers used $21 million in tax funds, meant to expand Mt. Gallant Road, for other project expenses.

York County, in its lawsuit, requested a jury trial, so if the two sides don’t settle out of court, we could learn much more about what went wrong in this deal.

Filed Under: Panthers

Primary Sidebar

Recent Posts

  • 2025 Season Opener Countdown: 64 Days to Go
  • Opponent offseason update: New England Patriots
  • NHL Rumours: Dustin Wolf Extension and Rasmus Andersson Trade Would Alter Calgary Flames Future Defensively
  • NFC Notes: Spencer Rattler, Tyler Shough, Tershawn Wharton, Saints, Panthers
  • 2025 NFL Positional Spending Rankings – Tight End

Categories

  • Colleges
    • Appalachian State
    • Citadel
    • Clemson
    • Coastal Carolina
    • Duke
    • East Carolina
    • Furman
    • Gardner-Webb
    • North Carolina State
    • UNC Charlotte
    • University of North Carolina
    • University of South Carolina
    • Wake Forest University
  • Hornets
  • Hurricanes
  • Panthers
  • Soccer
    • Charleston Battery
    • Charlotte FC
    • Courage

Archives

Our Partners

All Sports

  • Charlotte Observer
  • The News & Observer
  • 247 Sports
  • Bleacher Report
  • CBS 17
  • Forgotten 5
  • Fox 46
  • Heavy
  • Old North Banter
  • OurSports Central
  • Prime Time Sports Talk
  • Sportscasting
  • The Sports Fan Journal
  • The Spun
  • USA Today
  • WCNC-TV
  • WFNZ - Sports Radio

Basketball

  • NBA.com
  • Amico Hoops
  • At The Hive
  • Hoops Hype
  • Hoops Rumors
  • Last Word On Pro Basketball
  • Pro Basketball Talk
  • Real GM
  • Swarm And Sting

Football

  • Carolina Panthers
  • Carolina Cat Chronicles
  • Carolina Huddle
  • Cat Crave
  • Cat Scratch Reader
  • Last Word On Pro Football
  • NFL Trade Rumors
  • Our Turf Football
  • Panthers Wire
  • Pro Football Focus
  • Pro Football Rumors
  • Pro Football Talk
  • Total Panthers

Hockey

  • Canes Country
  • Cardiac Cane
  • Elite Prospects
  • Last Word On Hockey
  • Pro Hockey Rumors
  • Pro Hockey Talk
  • The Hockey Writers

Soccer

  • Last Word on Soccer - Courage
  • MLS Multiplex

College

  • Backing The Pack
  • Ball Durham
  • Blogger So Dear
  • Blue Devil Nation
  • Busting Brackets
  • College Football News
  • College Sports Madness
  • Duke Basketball Report
  • Duke Report
  • Garnet And Black Attack
  • Garnet And Cocky
  • Keeping It Heel
  • Rubbing The Rock
  • Saturday Blitz
  • Shakin The Southland
  • Southbound And Down
  • Shakin The Southland
  • Zags Blog

Copyright © 2025 · Magazine Pro on Genesis Framework · WordPress · Log in