The developer of the Carolina Panthers headquarters and practice facility in Rock Hill, S.C., has put forward a proposal to settle claims arising from the该8亿美元项目的突然取消earlier this year.

GT Real Estate Holdings, LLC (GTRE), established by Panthers owner David Tepper to oversee the project, filed the Plan of Reorganization in U.S. Bankruptcy Court for the District of Delaware in mid-August, having announced two months earlier that it had beguna court-led financial restructuring process.

According to a company statement, GTRE will establish a $60.5 million cash settlement trust “for the benefit of contractors, subcontractors and general unsecured creditors.” This would include the construction manager at-risk joint venture of Mascaro Construction and Barton Mallow, which had been working on the project’s initial phase since the June 2020 groundbreaking.

The Panthers halted construction in mid-March amid Tepper’s claims that the city of Rock Hill had failed to follow through on a commitment to issue bonds that would fund $225 million worth of infrastructure upgrades at the 234-acre site, the initial phase of which was scheduled to open next summer. Images published at the time indicated that at least some sitework had been completed, along with the structure for the centerpiece five-story, 600,000-sq-ft indoor practice facility.

Mascaro/Barton Mallow subsequently filed a $26 million claim against GTRE, according to the original bankruptcy filing.

GTRE的声明说，该公司认为，6050万美元的和解信托信托基金“足以全额支付所有允许的索赔”。Mascaro/Barton Mallow的律师没有回应置评请求。

Other elements of GTRE’s restricting plan include providing York County, S.C., with a $21.165-million cash reimbursement for its contribution to the project, plus interest. The county had previously filed a $21-million lawsuit against Tepper’s companies over misuse of public funds intended for expansion of an access road adjacent to the project.

GTRE will also sell an undisclosed portion of the 234-acre site, with the City of Rock Hill receiving at least $20 million from the net proceeds, “after site clean-up and senior claims,” according to the statement. The city has not said whether it will accept the deal or pursue a separate court action that would force an investigation into the holdings of GTRE and other Tepper-owned companies to determine whether financial misconduct has taken place.

另一家Tepper拥有的公司DT Sports Holding，LLC将为8200万美元的债权人分配提供资金，该公司此前曾向GTRE提供2000万美元的债务人资金融资。格特尔说，该计划履行了“迅速解决所有索赔并向其债权人付款的诺言”。

The company anticipates the bankruptcy court will hold a hearing in October to consider approval of the plan.

In late July, the Tepper-owned Charlotte FC soccer team withdrew from another area construction project—the public-private revitalization of the 70-acre former Eastland Mall site, which began infrastructure work this month. Having originally planned to locate its practice facility, training academy and offices on a 20-acre parcel, the team claimed the redevelopment’s timeline, which calls for the initial phase of retail and residential space to open in 2024, “posed challenges that led us to research expedited alternatives.”