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U.S. Rep. Ralph Norman (R, 5th) was a commercial developer before he got into politics. He offers a perspective that 'all is not lost,' even if the Carolina Panthers bail on Rock Hill.
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The Carolina Panthers spoke to the world Tuesday for the first time in more than a month about the team's planned HQ in Rock Hill.
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City officials say they've made it clear from the get-go that Rock Hill 'would not, could not, should not backstop this debt.'
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Carolina Panthers owner David Tepper has paused construction on the team's $800 million practice facility in Rock Hill, South Carolina citing concerns over a lack of funding from the city needed to complete the project's infrastructure. Tepper has invested $170 million into the project, according to a statement from a spokesman for Tepper Sports and Entertainment on Monday. In the statement, it says TSE has "been unable to contribute the agreed upon investment to fund the construction of the public infrastructure." The practice facility was set to open in 2023.
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The Carolina Panthers' state-of-the-art team headquarters and practice facility is beginning to take shape. Just over the South Carolina state line in Rock Hill, steel support beams are emerging from the ground on a rocky, dusty 240-acre plot of land. The Panthers will continue to play home games at Bank of America Stadium in Charlotte but practices, training camp and everything else club-related will be at The Rock. Completion is scheduled for 2023.
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That the NFL’s Carolina Panthers would eventually move the team’s practice facility and operations out of Charlotte and south of the border to Rock Hill…