The Carolina Panthers closed on their purchase of Waterford Golf Club in Rock Hill, South Carolina. The course sold for $2.25 million on March 13. The seller was Romspen, a Canadian company.
The Panthers acquired the course, which sits near their future headquarters, about 20 minutes outside of Charlotte. Panthers Chief Operating Officer Mark Hart said the acquisition of the public course was designed to help strengthen ties to the local community. Pinnacle Golf Properties now manages the Waterfold Golf Club.
The team is planning $1 billion development around its headquarters and practice facility, including a hotel with conference space, a sports medicine facility, offices, shopping areas, restaurants and a residential component. This is similar to what the Dallas Cowboys did in Frisco, Texas.
The Panthers have acquired other property around the golf course, including 25 acres for $1.75 million. The project will have its own new interchange off I-77.
Waterford Golf Club is an 18-hole, par 72 Championship course designed Hale Irwin. It measures 6,940 yards from the back tees. It has banquet and dining facilities with indoor and patio seating and a golf shop. The practice facility includes a driving range, large putting practice green, short game practice area and practice bunker.