Billionaire Tepper to fleece S.C. taxpayers - our legislators didn`t have the balls to say no.
- Thread starter psycock
- Start date
He's getting an incentive to come and build. He's not getting tax immunity forever. But great tax revenue will be generated by this, as all but the most obtuse can see.
If this deal were going to create a large number of high paying jobs for South Carolina residents, I’d have no issue, but most of the workers will still live in Charlotte and provide only costs for South Carolina.
I hope he signs Kap just to watch all y’alls heads explode. Would be Hilarious
Rock Hill can't exactly help it if it's in a border area. The businesses attached to this will ensure long-term benefit for the state.
That's funny. A liberal senator (Harpootlian) tried like crazy to block this tax break but your conservative governor and the rest of the Republicans fell over themselves to pass this break. Educate yourself.
Those 200 folks that work there will pay SC income tax they weren't paying before. And maybe buying houses in SC and paying property taxes and sales taxes.
LOL, this exactly! All you guys worrying about how much tax the billionaire will pay, without even thinking about who is making the money in our legislature. Graft, corruption, and kickbacks are an organized sport in SC. It cuts across both parties.
This is an ignorant statement.
1) Tepper actually has a long history of supporting both sides of the political aisle. Anyone calling him a big liberal is lying for their own purposes. Like many in his position, he can’t be put in a small, simpleminded, reflexively one sided box.
2) as stated above, a liberal (Harpootlian) tried hard to stop this from happening. It’s passed the General Assembly because most (not all) conservatives pushed it through with enthusiastic support from the Republican Governor.
1) Tepper actually has a long history of supporting both sides of the political aisle. Anyone calling him a big liberal is lying for their own purposes. Like many in his position, he can’t be put in a small, simpleminded, reflexively one sided box.
2) as stated above, a liberal (Harpootlian) tried hard to stop this from happening. It’s passed the General Assembly because most (not all) conservatives pushed it through with enthusiastic support from the Republican Governor.
I don`t buy that - Tepper is a flaming liberal. Our Republican legislators just want to be able to have the Panthers in S.C. as a trophy. Shameful. This is not an everday business making a product - I can see giving incentives to BMW, Boeing, etc., as that also attracts other businesses. I realize pro football is a "business," but the play, what? - 16 games a year not counting playoffs? And they play in Charlotte, N.C., Smoke and mirrors - well played by Tepper. You have to admire his business acumen. I`m sure you don`t achieve a net worth of $11 billion by making deals that don`t benefit you financially. You are certainly right about 2) above - very short-sighted by Governor and others who voted for this.
I found a few perspectives from non-SC folks for ya:
https://www.minnpost.com/community-...-folly-taxpayer-handouts-professional-sports/
https://www.forbes.com/sites/jeffre...-are-a-game-that-taxpayers-lose/#4d61fdd74f07
https://www.usnews.com/opinion/econ...es-are-a-terrible-deal-for-american-taxpayers
Agree with you whole heartedly. Very little jobs will be created and given to South Carolinians. Most jobs created will be low end temporary construction jobs at best.
If they really want to be the “Carolina Panthers” agree to play a game annually in Columbia or Clemson. I hate Clemson but putting a meaningful regular season game somewhere in the state would do a lot more than holding training camp here. There are only two viable options for that...us and Dump Valley.
The NFL can go play in London, why not Columbia?
Unfortunately, neither stadium is up to par for NFL games. The season they played in Clemson, notwithstanding.
They had a lot of this in Spartanburg, as i remember Spartanburg is still in SC..
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The complex they will be building in York County is one they badly need and is in line with what all the most progressive NFL franchises have done or are doing. Their practice and conditioning infrastructure is primitive.
I'm not disagreeing, but you'll have to explain how a practice facility will generate tax revenue. I just don't get it.
I agree with you they NEED it, but I question the fact that we need to fund it and the “jobs” that will come with it. Most of the great paying jobs will be Panthers executives that will commute from Charlotte to training camp. We basically helped fund a North Carolina franchise. Are we fixing to do the same thing for the Hornets?
I don't know, but any meaningful continuing presence in South Carolina will benefit South Carolina long-term. And I'll tell you something else: it's not even questionable.
The economic impact on South Carolinians is questionable. Being so close to the border and the team residing in North Carolina means at the very least there should have been a NC contribution as well.
Jerry Richardson never asked for this type of tax benefit. The Panthers used to be in Spartanburg and the Falcons used to be in Greenville for training camp. This tax break makes it likely the Panthers will be around a while, but there is no guarantee. Heck he could move the franchise out of Charlotte completely if he wanted to.
I do not disagree there will not be “some benefit” to South Carolinians. I disagree with the amount of tax rebates given to one billionaire by a state house given by people who like to call themselves “fiscally conservative”
And at least half of them will be buying their house in NC, paying property tax and most of their sales tax there and NC didn’t contribute a penny to this project.
It's business expansion - which isn't at variance with the fiscally conservative mindset. Jerry Richardson never built what Tepper is getting ready to build, and what he did in Spartanburg - primarily training camp - was to benefit both the Panthers and Wofford, his alma mater. You can bet your house that, had Richardson undertaken such a green-field project as this, the operational headquarters of an NFL franchise with all these ancillary entities, he would have wanted incentives - and he would have gotten them. The non-football businesses connected with this complex (have you looked at the overall plan?) dictate that South Carolina will come out just fine.
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anon_n4c0cp5zhdxn7
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IMHO, this shouldn't be a political debate. Bottom line, does the investment benefit the state? Does revenue exceed cost?
Personally, I don't look at forgoing potential tax revenue as a cost. We weren't collecting it before. It doesn't lower our tax base.
If anything, this hurts NC.
Personally, I don't look at forgoing potential tax revenue as a cost. We weren't collecting it before. It doesn't lower our tax base.
If anything, this hurts NC.
John PD Cato owns a large portion of the Knights Stadium area. Owner of Cato Corporation....and of course their headquarters is in Charlotte.
What Spartanburg had for training camp wont come close to what is being built in Rock Hill. This will be a massive facility to include retail, hotels, and medical facilities. Plus, the practice facility will be modeled after The Star at Frisco and be an indoor arena that can hosts other sporting events, conventions, and concerts
Also, unlike Spartanburg this is where the players will practice year round. Which means many will want to live in the area. This brings in many multi millionaires into SC spending money and getting taxed. It will bring in higher income housing, condos, retail, and restaurants.
If people think this is just going to be a practice field and office they need to go see what Dallas has done.
Are you crazy? It was a Republican dominated state legislature and Governors mansion that gave him this handout!
i never Said Dems gave it to him, Dems, its the left that want all the entitlements.. Hell, Someone has to work..
Are we forgetting the corporate taxes that will be paid? And the tourism dollars that will be generated? How about just the construction? Cost of permits? How much on materials will be purchased locally? Local labor? Landscaping? Business license fees? How much development will it spot around it?
HUH?? You think people are gonna come from all across the country to visit this?? Spartanburg (Also in South Carolina) Already had this.. Also, My York County resources will have to be used to accomodate this. Police, Fire, Already overcrowded roads, etc etc
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