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Panthers close on future HQ and Practice Facility Land Site

NAS

By NAS,
in Carolina Panthers

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https://www.wbtv.com/2020/04/02/carolina-panthers-now-own-their-future-headquarters-site-rock-hill/

April 2, 2020 at 5:44 PM EDT - Updated April 2 at 5:44 PM

ROCK HILL, S.C. (John Marks/ Rock Hill Herald) - The Carolina Panthers continue toward their move for a practice facility in Rock Hill.

York County land records now show the NFL team finalized its deal with the Hutchison family to acquire more than 240 acres off I-77, between its Cherry Road and Dave Lyle Boulevard intersections. The team agreed to pay more than $16 million.

The deal wrapped up March 27. As of Thursday afternoon it still didn’t appear on multiple county land record sites, but did post April 1 with the county register of deeds. The same company representing the team in the purchase, GT Real Estate Holdings, also bought the Waterford Golf Club on March 13.

York County, Rock Hill and the Rock Hill School District have been part of negotiations on tax incentive and development agreements with the team. The plan is to annex the site — currently surrounded by but not included in Rock Hill — into the city. Team headquarters and practice facilities would be part of a larger development to bring entertainment, restaurants, hotels, residential and more.

In March, York County Council held a preliminary vote on a financial incentive agreement. That plan shows two phases at a combined $1 billion of promised investment by the team. The property would be assessed at the owner-occupied rate of 4%, rather than higher rates 6% commercial rate, for 40 years. The team would pay fees rather than taxes.

The city would put all money from fees the team would pay, per the agreement, to public infrastructure to support the development. The school district would do the same with 75% of its fee revenue, the county at 65%.

Once debt is paid decades from now, rebates would end and the tax entities would keep their revenue. COVID-19 and social distancing measures pushed back the final decision from York County on the deal, or Project Avalanche, to April 20.

 

Team leaders have spoken on plans for the Rock Hill development in numerous public settings in the past year. In October, team COO Mark Hart told economic development leaders at a retreat in Rock Hill to expect everything from players and coaches living near the site to an entertainment venue destination and more when the Panthers site opens in 2022.

“We wanted to make sure that it not only just serves our development but it serves the City of Rock Hill and York County,” he told that group, “and really connects all parts of the community to this great, transformational project,” he said.

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1 hour ago, Anybodyhome said:

Anyone who thinks this does not include a new stadium not in Charlotte is delusional.

$67,000.00 per acre in Rock Hill?

I don't know. Where are they going to fit an NFL stadium and parking on this land with their proposed layout? Just the money alone that BoA generates for Charlotte's local economy will make it tough to relocate. Not to mention Tepper has to sell his $20,000 per game corporate suites. Look what moving to Charlotte did for the Knights. Why would the Panthers do the opposite?

Does anyone know the split between North and South Carolina based PSL owners?

Panthers_proposed_headquarters_complex.j

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    • tukafan21
      something to feel good about in the offseason..."could be something special brewing in Carolina"

      By tukafan21 · Posted

      Then don't tune in. It's really not a hard concept to understand, if your making your decision based on your own personal needs/feelings as opposed to what is best for the future of the franchise, then it's a you problem, not a Panthers problem. When the season is already lost, every fan should be rooting for the same thing.  The team plays hard until the final whistle of the season and keeps improving as a team and individually, but in the end, we still come up short and lose games, and preferably because the other team beat us, not because we screwed up and found a way to lose due to our own fault. Look at it this way... If we are up 1 or 2 points with 3 seconds left in the game and the other team is lining up for a FG.  Beyond the joy of victory or the disappointment of defeat, what impact does the other team making or missing the FG have on our team the following season? ABSOLUTELY NOTHING Except where we draft and what teams we play due to our finish in the division. The players and coaches on the team would have the exact same level of improvement and learnings about themselves individually and as a team whether the FG is made or missed.  The ONLY difference in the end is the record in the standings and if the win or loss number changes. If you want to argue if making the playoffs to lose in the first round or just missing them is better or worse, that's totally fair and I can at least understand the other side of it.  But in what is already a lost season, if you're not hoping your team plays well but ends up losing, then you're cutting off your nose to spite your face.  You're hoping for a moment of happiness at the detriment of the franchise's future, and in turn, you're basically then happy for a moment to only set yourself up for future further disappointment.
    • HaricotVert
      something to feel good about in the offseason..."could be something special brewing in Carolina"

      By HaricotVert · Posted

      If we’re eliminated I want the wins more.   The season is already a disappointment and if I’m not pulling for wins why bother to tune in?
    • tukafan21
      something to feel good about in the offseason..."could be something special brewing in Carolina"

      By tukafan21 · Posted

      Two things terribly wrong with this post. First is that not one time has myself or anyone else agreeing with me said that the team themselves should think that way or try and lose for positioning.  Never once have I suggested the team should purposefully lose games, ever.  I honestly can't understand why people keep saying this in posts, not one fan has ever said the players should or would purposefully try to lose. And second, is yes, that has happened and it's happened very recently.  The 2020 Bengals were 4-11-1 and then were playing in the SB the very next season.   And while it might have been 2 years later and they didn't quite get to the SB, the 2021 Lions were 3-13-1 and then the 2023 Lions were up 24-7 at halftime of the NFC Championship game. The season between those two? They finished 9-8 and only just missed the playoffs. Which is why I keep trying to compare us to the Lions in where we are at in our re-build.  Throw out Bryce's rookie year with the Reich staff who just didn't work out and he looked god awful.   This past season when we were 5-12 in Canales' 1st season is that 2021 season for the Lions and their 1st season under Campbell.  This year is their 2022 where they grew a ton and Campbell's culture building was clear, where I'm saying we'd likely be better off in the long run if we go 8-9 or 9-8 and just miss out on the playoffs (which is still a significant improvement from last year).  Then our 2026 is their 2024 when we have a chance to be a real contender after adding a few more pieces and our key players having another year of experience under their belts.
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