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Mr. Scot

A little housekeeping...

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...in the Tepper household: Panthers owner continues moving away from hedge fund business

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Going forward the billionaire will manage money for just 15 special clients and all other investors will receive their money back, according to a Bloomberg News report.

The move, planned for some time, opens up the idea of Tepper taking on a much broader, front-facing role with the Panthers organization, the front office, player personnel and possibly even the economic development within the city of Charlotte and the Carolinas.

According to the Charlotte Business Journal, Tepper will be in London this week pitching to London business executives about investment opportunities in the Queen City. The Panthers take on Tampa Bay on Sunday on Fox 46 Charlotte - WJZY with coverage beginning at 5 a.m.

 

...and the Panthers new practice home: Panthers moving forward on Rock Hill training center

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Grading has yet to begin at a secluded wooded area that the Carolina Panthers will someday call home.

A lot is happening behind the scenes, however, to push the massive development project forward.

Days ago, hundreds of neighbors in the Hutchison Place community got a letter from the family that owns the land, which is also the land they bought a piece of to build their homes.
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The letter is an invitation to a community meeting on Oct. 17.

The invitation details plans for development on 234 acres,  including a practice facility, offices,  sports and entertainment venues, hospitality, recreation and retail.

The letter calls the project “truly transformative."

 

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"That land's laid there since God made heaven and earth -- nothing's ever been done with it and all of a sudden, they're gonna put it in the city limits. Politics -- ain't it great?" Lanning said.

Some businesses near the site are welcoming the Panthers.

A manager at a shop on Mount Gallant Road said the team has offered to buy the land where his fiberglass business is located outside of Manchester Village.

City planners told Channel 9 Wednesday there are no plans to annex the Hutchison Place neighborhood into the city.     

The entire community is on well water and septic tank systems, and they don't receive city services.

 

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Panthers owner David Tepper has been spotted touring the area on a golf cart, and the team has said publicly they want to break ground at the site by April.

Rezoning, annexation and land development agreements need to be approved to get to that point.

There are also some local tax incentives still on the table that York County leaders haven't taken a vote on yet, but that's expected soon, too.

 

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Leaders in Rock Hill expect the Panthers will wait to sign on the dotted line until the needed changes are made.

As far as the plans for the city, the rezoning issue will go before the Rock Hill Planning Commission on Nov. 9.

The first City Council vote could be on Nov. 25.

If all goes as planned, the vote could have a final vote on Dec. 9.

 

Edited by Mr. Scot
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I like that he is not just wanting to be involved with the Panthers, but Charlotte himself.  And don't get me wrong, I am not dense.  I know he is also going to be making some money off of these investments, developments, and such.  I just prefer having an owner that is also grounded in the Charlotte and NC/SC area.

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40 minutes ago, bull123 said:

Profit is not a dirty word

neither is winning

tepper wants to do both

Gee, tell us more Mr. Science

 

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Nice to see Tepper staying involved in the Carolinas and especially being more involved with Panthers day to day activities. He’s not going to be happy until there’s a SB banner hanging somewhere

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So, the guy who manages the fiberglass business, any chance he could play left tackle?

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If there's on thing I am certain of....

....it's that whatever the Charlotte Business Journal is reporting should be viewed with a healthy dose of skepticism. 

Erik Spanberg, who does most of the Panthers & Bobnets related reporting, is one of the most uninformed journalists I have ever seen. 

During the sale of the Panthers he was wrong on just about everything as it related to the contenders and who had the best chance to take over the team.  Epically bad journalism it was!

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