For Carolina Panthers owner David Tepper and the city of Rock Hill, S.C., it’s all over but the paperwork. Time to settle up!
In finally pulling the proverbial plug on what was to be an $800 million team headquarters, Tepper’s real estate arm—GT Real Estate Holdings—filed for bankruptcy on Wednesday. The move, of course, was cited in relation to the failed project—which has left about $170 million worth of steel sitting in the middle of the 240-acre property.
As a response to the move, York County shared a statement with WSOC-TV declaring their plans to recoup $21 million of debt from Tepper’s company—funds used to improve a section of the bordering Mt. Gallant Road:
