York County, South Carolina, is suing the businesses of Carolina Panthers proprietor David Tepper and Rock Hill for not less than $ 21 million for the failed completion of the coaching middle and the proposed 800 million crew headquarters. USD.
The construction stays half-built in Rock Hill, South Carolina, with no plans to finish it.
Tepper’s actual property firm filed for Chapter 11 chapter safety in Delaware on June 2 after investing greater than $ 175 million within the unit. It’s situated about 25 miles south of the present downtown stadium and the crew’s headquarters in Charlotte, North Carolina.
Tepper firms named within the lawsuit embrace DT Sports activities Holding, LLC, Appaloosa Administration LP and Tepper Sports activities Holding, Inc. York County officers say the aim of the lawsuit is to guard the county and its taxpayers and to get well damages from these defendants.
The lawsuit filed Thursday says Tepper and his firms took $ 21 million in a particular money gross sales tax to widen a street in York County and used the cash for what county legal professionals referred to as a “failed vainness mission.” .
“As an alternative of protecting the mission funds themselves, Tepper defendants took cash from York County and its taxpayers,” the criticism reads.
The lawsuit claims $ 21 million in tax cash that York County stated was misappropriated, together with curiosity, any misplaced financial profit from the failed mission, and another damages the choose would possibly think about. proper.
A Tepper Sports activities and Leisure spokesman declined to remark Friday.