Winston-Salem seeks sale of 2 sports venues
WINSTON-SALEM, NC (AP) — Winston-Salem officials are determined to sell two city-owned sports arenas to universities in town.
The Winston-Salem Journal reports city officials say they’ll aggressively pursue negotiations with Wake Forest University and Winston-Salem State University about selling Joel Coliseum and Bowman Gray Stadium.
Assistant city manager Martha Wheelock says neither school has made a written purchase offer, but each has expressed interest. Wheelock says the city would save about $1.6 million a year in operating costs and debt payments by selling the buildings.
Wake Forest plays its basketball games in Joel Coliseum, which has been appraised at about $37 million. Bowman Gray Stadium hosts Winston-Salem State football games in the fall and stock car races each Saturday through the spring and summer. It’s valued at about $10 million.
(Copyright 2012 by The Associated Press. All Rights Reserved.)
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