Panthers withdraw city, county deal over abandoned facility

COLUMBIA, S.C. (AP) — Carolina Panthers proprietor David Tepper’s actual property corporate needs to revoke a chapter agreement it negotiated with the town and county the place its abandoned South Carolina apply facility was once meant to be constructed as it says the governments are making exorbitant and unreasonable calls for.

GT Real Estate Holdings had introduced $21 million to York County. It steered giving the proceeds from promoting a part of its website in Rock Hill so the town would get a minimum of $20 million.

But the county and town have filed separate proceedings and courtroom papers. York County stated it’s entitled to greater than $80 million partly to get again cash from a distinct penny gross sales tax that was once meant to increase a street however Tepper’s corporate used for the proposed apply facility.

Rock Hill sued for $20 million it spent at the mission and has requested the chapter case be heard in South Carolina, the place the general public who misplaced cash are positioned, as a substitute of Delaware, the place GT Real Estate Holdings is included.

Tepper introduced plans to construct an $800-million apply facility in Rock Hill in 2019 to a lot fanfare, announcing it might rival the NFL’s highest — such because the Dallas Cowboys. South Carolina Gov. Henry McMaster and state and native officers aggressively pursued the NFL proprietor to transport the Panthers headquarters around the state line from North Carolina, the place they’d proceed to play video games in Charlotte.

Less than two years later, Tepper’s corporate halted paintings, announcing Rock Hill and York County did not satisfy financing and different tasks. Both the town and county have denied the allegations.

York County’s attorney did not reply Wednesday to the newest chapter filings. Rock Hill officers stated the town is having a look ahead to the dispute being heard in courtroom.

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