CHARLESTON — Big-name former pro quarterbacks — Hall of Famer John Elway, Tim Tebow and Blake Bortles — have teamed up with Chick-fil-A CEO Andrew Cathy and other investors to buy property for special development districts anchored by professional sports stadiums.
Charleston could be the next city they’re eying.
The retired football stars launched Momentous Sports this month in partnership with Cathy’s private real estate firm, Four Stones, and Magnolia Hill Partners, an Orlando-based real estate investment firm. Momentous Sports, also founded in Orlando, focuses on sports team ownership and growing mixed-use developments around their stadiums, including housing, retail, hospitality and public spaces.
“Owning a team is great. Owning the land under it? Even better,” Elway, a former De