The Carolina Panthers want $800 million from taxpayers, seem to be using the playbook from their last failed deal
In late 2018, David Tepper bought the Carolina Panthers. His first big project was to build a brand new team headquarters and training camp in Rock Hill, South Carolina. The $800 million deal was announced in 2019 and gave the team an absurd amount of tax credits and property tax savings. As ESPN put it, South Carolina leaders “cheered the investment, offering incentives and relishing getting a piece of the NFL team”. After construction of the project started, it wasn't that long before Rock…
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Charlotte taxpayers will be paying for a new stadium shortly
South Carolina House member John Ray Bradford stated that by keeping certain hospitality taxes in place until 2060, people should be happy because they are “not increasing any taxes”. Except, without this extension, locals would have paid less at hotels, bars, restaurants, etc… in the future. He also claimed that the city would have more confidence going to banks with more taxpayer money? Or something. My confidence is always sky-high whenever I see my “local hospitality lobbyists” being the…
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