Rock Hill Mayor: Panthers owner filed bankruptcy in training facility to avoid paying contractors: Friday, June 10
Rock Hill Mayor John Gettys spoke out for the first time since the Carolina Panthers terminated agreements to build a training facility in Rock Hill and David Tepper’s GT Real Estate subsequently filed for bankruptcy, accusing Tepper of filing bankruptcy to avoid paying contractors for their work on the project. Following a press conference announcing a new development on the south side of Rock Hill Thursday morning, Gettys addressed concerns about the future of the 200-plus acre site and the unfinished building on it, both of which are owned by Tepper’s organizations. “That site is within the city limits. The city of Rock Hill owns the water, we own the sewer, we own the electricity, we have zoning, and we have the entitlements,” said Gettys. “We’ll have what’s there that needs to be there for the people of Rock Hill’s best interest. Nothing is going to be built there or done there without the city of Rock Hill figuring out what is in our best interest going forward.” In early March, Tepper Sports and Entertainment, another one of David Tepper’s companies, said it was pausing the Rock Hill project because the city of Rock Hill did not hold up its end of the bargain in the deal. WCNC Charlotte later discovered the city failed to secure $225 million in bonds to pay for roads, sidewalks and other public infrastructure on the site. READ MORE: https://www.wcnc.com/article/sports/nfl/panthers/rock-hill-mayor-speaks-carolina-panthers-training-facility-terminated-south-carolina/275-f88509dd-c11f-4a14-8495-796b6e1251ba A gallon of gas in the U.S. costs, on average, $5 for the first time in the nation's history, according to price tracker GasBuddy. The platform tracks the price of gas at fuel stations across the U.S., and in 2022 has had increasingly alarming announcements about the national average price as the war in Ukraine and increased demand across the globe have sent prices skyrocketing. For months, drivers have felt increasing pain at the pump, with some states such as California seeing prices above $6 per gallon. And as prices reach the $5 mark, they're unlikely to drop sson. Americans, largely freed from the constraints of the COVID-19 pandemic, are preparing for summer road trips. The high price of oil is the main cause of the biting gasoline prices. A barrel of U.S. benchmark crude was selling for over $100 a barrel Thursday, a price tag that has been climbing throughout the year. READ MORE: https://www.wcnc.com/article/news/nation-world/gas-prices-5-dollars/507-c96e3c4f-8be0-4007-a461-74b9f211006a
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Show Notes
Rock Hill Mayor John Gettys spoke out for the first time since the Carolina Panthers terminated agreements to build a training facility in Rock Hill and David Tepper’s GT Real Estate subsequently filed for bankruptcy, accusing Tepper of filing bankruptcy to avoid paying contractors for their work on the project.
Following a press conference announcing a new development on the south side of Rock Hill Thursday morning, Gettys addressed concerns about the future of the 200-plus acre site and the unfinished building on it, both of which are owned by Tepper’s organizations.
“That site is within the city limits. The city of Rock Hill owns the water, we own the sewer, we own the electricity, we have zoning, and we have the entitlements,” said Gettys. “We’ll have what’s there that needs to be there for the people of Rock Hill’s best interest. Nothing is going to be built there or done there without the city of Rock Hill figuring out what is in our best interest going forward.”
In early March, Tepper Sports and Entertainment, another one of David Tepper’s companies, said it was pausing the Rock Hill project because the city of Rock Hill did not hold up its end of the bargain in the deal. WCNC Charlotte later discovered the city failed to secure $225 million in bonds to pay for roads, sidewalks and other public infrastructure on the site.
READ MORE: https://www.wcnc.com/article/sports/nfl/panthers/rock-hill-mayor-speaks-carolina-panthers-training-facility-terminated-south-carolina/275-f88509dd-c11f-4a14-8495-796b6e1251ba
A gallon of gas in the U.S. costs, on average, $5 for the first time in the nation's history, according to price tracker GasBuddy.
The platform tracks the price of gas at fuel stations across the U.S., and in 2022 has had increasingly alarming announcements about the national average price as the war in Ukraine and increased demand across the globe have sent prices skyrocketing.
For months, drivers have felt increasing pain at the pump, with some states such as California seeing prices above $6 per gallon. And as prices reach the $5 mark, they're unlikely to drop sson.
Americans, largely freed from the constraints of the COVID-19 pandemic, are preparing for summer road trips.
The high price of oil is the main cause of the biting gasoline prices. A barrel of U.S. benchmark crude was selling for over $100 a barrel Thursday, a price tag that has been climbing throughout the year.
READ MORE: https://www.wcnc.com/article/news/nation-world/gas-prices-5-dollars/507-c96e3c4f-8be0-4007-a461-74b9f211006a