Meanwhile, we're buying a golf course

[Captroop]

1 minute ago, trueblade said:

It's actually rural SC (well maybe not as rural as it used to be).

...eh. Better just take the one then.

[blackcat]

At over 200 acres, Tepper's land for the practice facility is already big enough to house everything he want's and a stadium if need be.  The land the course is on is pretty undulating and is in the middle of a business park and nice neighborhood.   Also, the city of Rock Hill has some sort of agreement that when the course is sold, it must remain a golf course or the City would have first dibs on buying it back.

That said, I don't think it's a site for a stadium.

[Mr. Scot]

22 minutes ago, thefuzz said:

Yea, don't think so.

This is for hardballing, and just owning a large chunk of land near a metro in a growing state.

Golf courses typically lose money, it's a good way to buy large chunks of land if you are a buy and hold kinda guy.

I'll grant it's possible.

3 minutes ago, blackcat said:

At over 200 acres, Tepper's land for the practice facility is already big enough to house everything he want's and a stadium if need be.  The land the course is on is pretty undulating and is in the middle of a business park and nice neighborhood.   Also, the city of Rock Hill has some sort of agreement that when the course is sold, it must remain a golf course or the City would have first dibs on buying it back.

That said, I don't think it's a site for a stadium.

To be fair, Tepper just talked them into a hundred million dollar tax break.

I get the feeling he could talk them into making it something other than a golf course if that were the plan.

 

[BrianS]

While this might be a Tepper play to leverage for a new stadium, I don't think it's as much leverage as he might think.  Consider the Knights prior to their return to Charlotte . . . in 2013, their last year in Ft Mill, they averaged 3800 fans.  In 2014, their first year back in uptown, they jumped to 9600 fans per game.

Besides, if he owns the land, who is gonna he leverage for the stadium itself?  York County I guess?  I don' t know if there is a county / city government right across the line there with the financial clout to be involved in an NFL stadium.

[thefuzz]

Just now, Mr. Scot said:

I'll grant it's possible.

To be fair, Tepper just talked them into a hundred million dollar tax break.

I get the feeling he could talk them into making it something other than a golf course if that were the plan.

 

To be honest, I doubt there is anything in the original docs that says it has to remain a golf course.

Some of these dog tracks are just a way to hold property that breaks even, or has a loss to be able to control the land for cheap.

[blackcat]

3 minutes ago, Mr. Scot said:

I'll grant it's possible.

To be fair, Tepper just talked them into a hundred million dollar tax break.

I get the feeling he could talk them into making it something other than a golf course if that were the plan.

 

Possibly, but he already has more than enough land in Rock Hill for a stadium.  My thoughts are that Tepper is going to be spending a lot of time in RH in the future, he's trying to class the place up, even if it's just for his liking.  

[thefuzz]

Just now, BrianS said:

While this might be a Tepper play to leverage for a new stadium, I don't think it's as much leverage as he might think.  Consider the Knights prior to their return to Charlotte . . . in 2013, their last year in Ft Mill, they averaged 3800 fans.  In 2014, their first year back in uptown, they jumped to 9600 fans per game.

Besides, if he owns the land, who is gonna he leverage for the stadium itself?  York County I guess?  I don' t know if there is a county / city government right across the line there with the financial clout to be involved in an NFL stadium.

This play isn't for now, it's for 10 years from now.

[Mr. Scot]

2 minutes ago, blackcat said:

Possibly, but he already has more than enough land in Rock Hill for a stadium.  My thoughts are that Tepper is going to be spending a lot of time in RH in the future, he's trying to class the place up, even if it's just for his liking.  

There's plans for a bunch of other stuff to go on that land already, though.

We know Tepper wants to win at everything. Would it be a surprise to find he wanted to outdo Jerry Jones as far as facilities?

[blackcat]

6 minutes ago, Mr. Scot said:

There's plans for a bunch of other stuff to go on that land already, though.

We know Tepper wants to win at everything. Would it be a surprise to find he wanted to outdo Jerry Jones as far as facilities?

True, anything could happen, I guess.  In the meantime, I hope Tepper puts in new cart paths, they're terrible out there!

[Move the Panthers to Raleigh]

51 minutes ago, mjligon said:

Something for Ron to do when he gets canned at the end of the year.

and by the way this season is going everyone involved will need something to do as soon as January comes around 

This season hasn’t been that bad

[jtm]

Could be leverage for stadium and could also just be a good investment given that they know that area will appreciate once the Panther's locate their head quarters there.  

[blackcat]

43 minutes ago, thefuzz said:

Yea, don't think so.

This is for hardballing, and just owning a large chunk of land near a metro in a growing state.

Golf courses typically lose money, it's a good way to buy large chunks of land if you are a buy and hold kinda guy.

I'm thinking tax write off.  Like you said, golf is a bad business.  Might be useful to have it in your portfolio if your other businesses are generating millions.

[!stUp]

16 minutes ago, Mr. Scot said:

There's plans for a bunch of other stuff to go on that land already, though.

We know Tepper wants to win at everything. Would it be a surprise to find he wanted to outdo Jerry Jones as far as facilities?

"We know Tepper wants to win at everything. Would it be a surprise to find he wanted to outdo Jerry Jones as far as facilities?"

A bold but, true statement my friend.

[fortyrod]

30 minutes ago, jtm said:

Could be leverage for stadium and could also just be a good investment given that they know that area will appreciate once the Panther's locate their head quarters there.  

This one. If you're the developer who is about to make property values go up, you might as well benefit.