Subsidy Tracker Individual Entry

Company: 
Carolina Panthers
Parent Company: 
Subsidy Source: 
multiple
Location: 
South Carolina
City: 
Rock Hill
County: 
York
Project Description: 

real estate development that includes training facilities and HQ

Year: 
2020
Subsidy Value: 
$385,000,000
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Number of Jobs or Training Slots: 
150
Capital Investment: 
$500,000,000
Source of Data: 

State subsidies are taken from: Erik Spanberg, "Panthers land $160 million in SC incentives for Rock Hill HQ and training complex," Charlotte Business Journal, May 9, 2019. Local subsidies are taken from: Collin Huguley, "Local incentives for Carolina Panthers' new Rock Hill HQ total $225 million," Charlotte Business Journal (North Carolina), April 9, 2020.

Notes: 

Carolina Panthers, owned by a billionaire David Tepper, moved its training facilities and headquarters from Charlotte, NC to Rick Hill, SC. The project will also include other mixed-use real estate developments such as shops, a hotel, and restaurants. The team will keep playing at the Bank of America Stadium in Charlotte. SC provided a subsidy package that included state and local funds. At the state level: $160 million, including $115 to 120 million in job development tax credits and $40 million in highway work. At the local level: $225 million in infrastructure improvements such as site work and road construction. Local subsidies will redirect 100 percent of city taxes, 75 percent of school taxes, and 65 percent of county taxes back to the development until $225 million is reached. Overlaps with main Subsidy Tracker data: none

Source Notes: 
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