Real estate company owned by David Tepper files for bankruptcy

The authentic estate firm led by Carolina Panthers owner David Tepper has submitted for personal bankruptcy, Channel 9′s Joe Bruno has confirmed.

GT True Estate Holdings stated the bankruptcy was submitted in connection with the unsuccessful exercise facility venture in Rock Hill.

This motion follows the termination and rescission of the agreements with the City of Rock Hill that associated to the job, which GTRE formerly announced.

Design on that follow facility was halted earlier this calendar year following Tepper Sports said the metropolis failed to fork out for public infrastructure.

ALSO Browse: Tepper on Rock Hill exercise facility: ‘We introduced a statement already’

GT Genuine Estate Holdings unveiled the pursuing assertion relating to the filing saying:

“In recent months, GTRE has been confronted with many promises, some legitimate and some not, from suppliers, contractors and other third get-togethers, like York County, SC. GTRE is getting this action to make certain legit promises are processed as relatively and expeditiously as doable below a courtroom-supervised method, and to achieve the project’s orderly and harmless wind-down. GTRE intends to resolve its respectable obligations.”

This filling does not have an impact on Tepper Sports, the Panthers, or Charlotte FC, in accordance to experiences.

This is a building tale. Check out wsoctv.com for updates.

(Check out Beneath: Tepper on Rock Hill follow facility: ‘We released a assertion already’)