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UptownGrrl

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About UptownGrrl

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    Charlotte, NC
  1. The news reported last night that there will be a federal investigation of the crane incident, lasting several weeks.
  2. You mean the guy grilling kabobs? Yeah, that's pretty sweet.
  3. Noticed right away - that's a big no-no. Hopefully they bought the image and just made a mistake on a quick pdf. Their printed materials appear to be more in order - though a bit overboard on the stock photography. But, that's really all they have at this point - no floorplans will be out for a couple weeks. Seems they're testing the market now to see what people are willing to buy before they commit. It's smart, I think. Then you don't have to battle any negative press because you had to change everything to respond to the market.
  4. Is that the whole project, just "phase I" or some other subset of units that have been "released for sale"?
  5. Does anyone know who Nascar has existing retail and restaurant relationships with? In the presentation to council last night, it was said that their existing retail and restaurant partners would have the first right to come in and be the exclusive vendors in the HOF, and also for catering events associated with the HOF in the new ballroom.
  6. The news interviews were funny last night - complete with retakes after they thought they said too much. "I'll be at the breakfast tomorrow... yada yada" take two: "no, there is no breakfast with Brian France scheduled for tomorrow". *wink* Or, "It's great that it will be in Charlotte"... umm, take two: "In my opinion, we have a great chance..." It may be that Charlotte thought a bit outside the box and offered a broader proposal - not just the hall of fame, but a new home for Nascar including office space and other ancillary projects to make it a more complete package. I could see why they'd go for that over being just one of many attractions on the Atlanta day pass. This way, they get to be the big fish. I've heard 10:00 am Monday and 4:00 pm Monday for announcements....
  7. $102M is not their total bid - just their "public money" portion. Charlotte's public money portion is still higher, but Atlanta's latest bid, when you look at the public money and the private/corporate funds together; is higher.
  8. Wouldn't it be funny if Nascar announced they wanted the HOF in Charlotte and then we said "Ya know...on second thought, no thanks. We've got a better idea."
  9. State of GA also kicked in another $5.2M in the form of a tax break on construction materials.
  10. I'm not so sure. "The original financial package proposed $30 million from the state ($25 million) and city ($5 million), another $30 million through conventional financing and the remainder of the then $92 million hall of fame price tag through corporate sponsorship." The City of Atlanta has raised their portion from $5M to $77M and the total bid is now at $169M, compared to Charlotte's $137.5M.
  11. Ya think? It's got a bunch of Atlantans upset though - the extra $72M pledge from the city is drawing on funds already earmarked for other services and infill redevelopment programs.
  12. Seriously cool - can't wait to see how that turns out. How original. Well, maybe more like 'original-revival'.
  13. I think its becoming increasingly common for "investors" to have to pony up larger earnest money deposits, instead of just 1K or 2K to reserve. If you're buying more than one, or are not going owner-occupied, you'll likely get stuck with a 20% or 30% down requirement these days. This seemes to be a better policy - you weed out pure speculators who figure they only have to put down a few bucks on the chance for a big payoff; but capitalized investors can still make a legitimate investment. I understand the downsides to flipping and how it can create a rush on the market; but I've never bought the argument that the only person who should be able to make money is the developer. I don't like the idea of having to handover any gains you made on your investment back to the developer - seems an infringement on personal property rights, or (ack) a double capital gains tax.
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