The Age of Private Equity Transactions has arrived in Chapel Hill. Private equity transactions are nothing new; they got a lot of press coverage during the 2012 presidential race because Mitt Romney’s Bain Capital specialized in them and made Romney rich. This is the concept: Buy an asset with borrowed money; resell it at a […]
All posts for the month September, 2013
Small town, big money
Posted by Nancy Oates on September 30, 2013
http://chapelhillwatch.com/2013/09/30/small-town-big-money/
Free market
Developers and property owners who rant about their “right” to make the maximum profit regardless of how it affects the quality of life for the rest of the community should spend a couple hours at the end of a Saturday afternoon at the Orange County Solid Waste Convenience Center on Eubanks Road. There they could […]
Posted by Nancy Oates on September 23, 2013
http://chapelhillwatch.com/2013/09/23/free-market/
Seeing red
About 200 taxpayers turned out for the open house last Tuesday night that showed off the four plans for Central West Focus Area that we got for the nearly quarter of a million dollars we paid to Rhodeside & Harwell. Or as Jim Ward framed it in an email on the Central West listserv: a […]
Posted by Nancy Oates on September 16, 2013
http://chapelhillwatch.com/2013/09/16/seeing-red/
Lotsa lux
Remember Bicycle Apartments? Trinitas Ventures doesn’t, evidently. The Indiana-based developer of student apartment complexes has opened a rental office in the arcade on East Franklin Street for its project formerly known as Bicycle and now called Lux at Central Park. Gone are the images of healthy, clean-living students bicycling to campus and back, keeping reasonable […]
Posted by Nancy Oates on September 9, 2013
http://chapelhillwatch.com/2013/09/09/lotsa-lux/
At first glance
The Friends of Downtown held a sneak preview of the candidates for Town Council last Thursday. I sat in the audience next to Julie McClintock, which didn’t seem like a mistake at the time, until Mark Kleinschmidt, running unopposed for mayor, got up to speak and made mention of the “constant contrarians.” And suddenly, all […]
Posted by NancyDon on September 2, 2013
http://chapelhillwatch.com/2013/09/02/at-first-glance/