Local

Internal documents show $2B-plus in expected investment for Panthers Rock Hill HQ

ROCK HILL, S.C. — Local leaders in Rock Hill are expecting the new Carolina Panthers headquarters development there to be the most impactful in the history of York County. And internal documents showing the county’s expectations for the projects help explain why.

According to documents obtained by the Charlotte Business Journal through an open records request, there is expected to be over $2 billion in total investment at the new Panthers headquarters upon full buildout, resulting in the creation of thousands of jobs.

The local incentives agreement passed last month by York County Council requires the Panthers to invest at least $500 million in the first phase, but Rock Hill and York County officials have said repeatedly they expect total investment at the site to be upwards of $1 billion.

According to an economic impact study for the project obtained by the CBJ, the project will result in the creation of 5,386 jobs at an average wage of $143,901. The study, which was dated April 7 and developed by Parker Poe Consulting, projected 8,629 construction jobs would be had as a result of the development, at an average hourly wage of $16.61.

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