Court rejects decision to transfer bankruptcy of Carolina Panthers headquarters to SC | Company


It’s a game call delay for the builders of failure Carolina Panthers $800 million practice site and headquarters in York County.

Mascaro/Barton Malowthe general contractor for the 234-acre development, and numerous companies that worked on the doomed project are calling for the associated bankruptcy filing to be moved to South Carolina.

The case centers on GT Property Managementas Panthers owner and hedge fund billionaire David Tipper incorporated to acquire and manage NFL– sports, entertainment and office destination anchored near the state line. After a dispute with the city of Rock Hill over infrastructure funding, the company halted construction on March 7 after sinking about $170 million at the site. It then filed for bankruptcy on June 1 in Delaware as part of a plan to sell its assets and reduce operations.

Some creditors cry foul. They argued that Palmetto State is “by far the most convenient forum” for most businesses and government agencies with a financial interest in the bankruptcy.

“The underlying operational facts of this case all center in and near South Carolina,” according to a court filing.

GT pushed back, saying Mascaro/Barton’s motivation for moving the case is “to gain litigation advantage and has nothing to do with ‘convenience’.”

The Tepper-owned company added that “the delay and uncertainty caused by a transfer of this business” could compromise its “access to financing and impair its ability to maximize the purchase price of its assets to the detriment of all stakeholders”. He questioned whether uprooting the litigation and moving it would actually make it “”easier, faster, or less expensive”” to administer.

The matter was supposed to have already been addressed in a hearing on July 22, but the proceedings were canceled and rescheduled for August 12.






The lobby of the Restoration Asheville nods to the library of the neighboring Biltmore Estate. Supplied/Restaurant Asheville


Restore Rehearsal

A Lowcountry hotel receives a brother a few hours away in the Blue Ridge Mountains of western North Carolina.

The Asheville Restoration is the second iteration of a boutique lodging concept that an Ohio company launched in downtown Charleston six years ago.

The 60-room property is set to open in a former bank building on Patton Avenue in time for the late-summer Labor Day weekend rush. It will include a restaurant, library-inspired lobby, rooftop bar and private event venue, as well as a basement speakeasy-style lounge with two bowling alleys.

The developer is Jeffrey R. Anderson Real Estatewho purchased the Asheville property in 2019.

“We’re looking for those cool, eclectic places where we know people love to go, but they don’t talk about it as much as other places,” co-owner Anders Anderson say it Citizens of Asheville Time.

It was in 2012 that the Cincinnati-based family business launched its hotel business in Charleston by paying $6 million for an inn at 75 Wentworth St. with 16 rental suites perched atop a few boutique clothing stores. King Street. JRA announced a $15 million expansion in 2014, after acquiring two properties adjacent to 77 and 79 Wentworth.

The restoration debuted in its current form in early 2016.

Catch-22 caught

A recent change is that state law fixed a quirk that created a licensing barrier for owners of continuing care retirement communities.







Seafields at Kiawah with lake

A change in state law will now allow senior living projects such as the planned Seafields on Kiawah Island to be licensed as continuing care retirement communities during development and construction. Kiawah Partners/Supplied


The new legislation now allows a project in development to apply for a preliminary permit and obtain a permanent permit once it has received an operating certificate.

The previous law did not allow this and hindered new developments in continuing care.

The problem arose when the company behind the luxury Seafields at Kiawah Island notified on SC Department of Consumer Affairs in early 2021 that an application would be submitted to build a retirement community near Freshfields Village Shopping Center at the end of Betsy Kerrison Parkway.

The law at the time did not specify whether the state agency had the authority to issue a preliminary license while a project was in the development and construction phase.

The stakes were critical. Without prior license, developer Kiawah Life Plan Village Inc. was unlikely to secure permanent funding for the project. And without funding in place, it would be difficult for the ministry to assess the company’s finances before issuing a license, a key requirement of the law then in force.

The classic catch-22 The situation had not previously been disclosed, as it had been many years since a new continuing care retirement community had arrived in South Carolina.

“(The new law) will have a profound effect on South Carolina’s economy and future housing options for the state’s senior population,” said Todd LillibridgePresident of Kiawah Life Plan Village.

According to SC State Plan on Aging 2021-2025Palmetto State’s elderly population is projected to increase nearly 22% by 2030, from 1.19 million to 1.45 million.







Change the oil

People in South Carolina tend to be coupon cutters when it comes to getting the oil in their vehicles changed. Case


Change in oil prices

Palmetto State apparently loves a cheap lube job.

A Forbes Advisor a study of the most searched online coupons on Google in each state shows that South Carolinians are looking for QuickStop Lubricant discounts more than any other bargain. According to the analysis of five years of google trends The data.

Quick and cheap lube jobs were also the most searched online coupons in Ohio, Wisconsin and Texas, where plentiful oil doesn’t stop netizens from looking for bargains.

Clothing coupons had the most states searching for them the most, at 20. Chinese fashion retailer shein was the preferred brand among those searching for clothing coupons, becoming the top search in 18 states.

coupons for Soft pet supplies, GoodRx pharmaceuticals and various food delivery brands were also popular.

“With costs rising across the country and households feeling pressure on their pockets, coupons are a useful way to save money on everyday purchases without having to switch favorite brands,” Caroline Lupini, credit card and travel analyst for Forbes Advisor, said in a written statement. “This study reveals that coupons for fast fashion businesses are the most searched in the United States, followed by pet supplies, pharmaceuticals and food.”

Lupini said there were surprising outliers, such as Wayfair furniture coupons being most popular in New Jersey and Colorado ParkDIA — parking nearby Denver International Airport – see massive increases in search levels after pandemic rules are relaxed and travel becomes viable.

Our bi-weekly newsletter features all the business stories shaping Charleston and South Carolina. Go ahead with us – it’s free.
Previous Herzing University School of Nursing opens to help address lingering talent shortage in industry
Next Voters against school levies in Ridgefield, La Center