Panthers' $800M SC Headquarters Abandoned After Bankruptcy Filing
Panthers' $800M SC Headquarters Abandoned After Bankruptcy Filing
Abstract
Carolina Panthers have apparently abandoned its planned $800-million headquarters and practice facility project in Rock Hill, S.C., following a bankruptcy filing by the team owner’s real estate representative. GTRE had reportedly invested $170 million in the project when it halted construction activity in March in a dispute with Rock Hill officials over the city's purported failure to fund $225 million worth of infrastructure. Other major creditors listed in the bankruptcy filing. New state-funded interchange on Interstate 77 appears unaffected. The interchange is scheduled to be completed in May 2023. Officials of the South Carolina Dept. of Transportation have stated that the $48-million design-build project will proceed without the Panthers project outcome.