ROCK HILL, S.C.—Carolina Panthers owner David Tepper’s real estate company has proposed to pay more than $82 million to creditors over an abandoned practice facility project in Rock Hill under a new plan proposed Thursday.
The plan would require approval from courts and creditors.
The development of the Panthers’ state-of-the-art $800 million practice facility–which would have served as the team’s new headquarters–fell apart after highly-publicized disputes between Tepper and the City of Rock Hill and York County.
GT Real Estate Holdings, a Delaware limited liability company, announced it has filed a comprehensive plan of reorganization in the U.S. Bankruptcy Court for the District of Delaware….