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David Tepper and his Carolina Panthers

TheSpecialJuan

By TheSpecialJuan,
in Carolina Panthers

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Raleigh PF Rising Star

Raleigh PF

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I'm not a fan of Tepper's, but Rock Hill dropped the ball. Sure, they made a terrible deal, but they signed on the bottom line and promised to make a sizeable amount of money available for the development. They failed, tried to come up with an alternative and Tepper didn't bite. Rock Hill bit off more than it could chew.

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TheSpecialJuan Grand Master

TheSpecialJuan

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Frankly, there’s a good chance Tepper is playing high-level hardball with Rock Hill as a shot across the bow at Charlotte. The hard bargain Tepper has chosen to drive in South Carolina could be a precursor to the hard bargain he’ll drive in North Carolina

https://profootballtalk.nbcsports.com/2022/04/05/deal-between-panthers-rock-hill-is-literally-on-the-rocks/

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TheSpecialJuan Grand Master

TheSpecialJuan

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If the municipality does not want to provide their side of funding, then why are they up in arms that Tepper is changing his plans?

You know why…because the municipality is going to lose a ton of tax revenue from property. Income, and tourism tax dollars. The municipality played hardball and lost their tax money. Not Teppers tax money.

https://profootballtalk.nbcsports.com/2022/04/05/deal-between-panthers-rock-hill-is-literally-on-the-rocks/#comments

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razorwolf Collaborator

razorwolf

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45 minutes ago, Raleigh PF said:

I'm not a fan of Tepper's, but Rock Hill dropped the ball. Sure, they made a terrible deal, but they signed on the bottom line and promised to make a sizeable amount of money available for the development. They failed, tried to come up with an alternative and Tepper didn't bite. Rock Hill bit off more than it could chew.

One of the issues is Rock Hill and public officials could have never predicted the pandemic which hurt the financial obligation. I don't believe the city or county can raise the money to fill the $225M financial obligation.

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