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Archive for March, 2009

Western NC inn fire damage estimated at $7M

Thursday, March 26th, 2009

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ASHEVILLE — Documents filed in bankruptcy court say damage from an intentionally set fire at a western North Carolina inn is estimated at $7 million.

The Asheville Citizen-Times reported Thursday that owners of the Richmond Hill Inn in Asheville listed assets of more than $16 million.

Officials said the March 19 fire that destroyed the 120-year-old mansion at the center of the luxury inn was intentionally set. Twelve rooms were destroyed, but the inn still has 24 rooms
available.

Inn owners said that by Tuesday 14 brides had canceled weddings that were scheduled at the inn.

The owners say the decision to file for Chapter 11 bankruptcy was made more than a month ago.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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Documents filed in bankruptcy court say damage from an intentionally set fire at a western North Carolina inn is estimated at $7 million.

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Associated poll

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NC’s largest city seeks pay freeze for budget

Thursday, March 26th, 2009

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CHARLOTTE — The state’s largest city plans to freeze salaries and cut transportation jobs this year to deal with declining revenues.

The Charlotte Observer reported Thursday that the city of Charlotte expects to recommend a salary freeze in May. Officials said without the freeze, hundreds of the city’s more than 6,000 workers would lose their jobs.

City Manager Curt Walton told the City Council on Wednesday that the city will have less money in the fiscal year that starts July 1 and budget decisions will be difficult.

The council also is discussing an increase in water rates, which already are scheduled to rise 12 percent. The Charlotte Area Transit System also is scheduled to cut 50 jobs.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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The state’s largest city plans to freeze salaries and cut transportation jobs this year to deal with declining revenues.

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Associated poll

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Armed robbery suspects demand ‘the weed’

Thursday, March 26th, 2009

Wilmington police are searching for five men suspected of an armed robbery in the 7000 block of Wrightsville Avenue.

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Company behind Brunswick, Pender subdivisions files for bankrupcy

Thursday, March 26th, 2009

The company developing the Villages at Goose Marsh subdivision near Bolivia has filed for Chapter 11 bankruptcy protection.Goose Marsh LLC filed March 16 in the U.S. Bankruptcy Court for Eastern Pennsylvania. The parent firm, Dilsheimer Communities, is based in the Philadelphia suburb of Bala Cynwyd, Pa.

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NC churches also dealing with bankruptcy problems

Thursday, March 26th, 2009

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RALEIGH, N.C. — Churches are not immune to the bankruptcy problems facing many in North Carolina as the economic downturn continues.

The News & Observer of Raleigh reported Thursday that Trinity Faith Full Gospel Church in Wendell is seeking Chapter 11 bankruptcy protection because it has been unable to pay the $1.1
million it owes for its sanctuary.

The independent church was founded 12 years ago with 20 members. It completed a 14,000-square foot sanctuary in 2001. It has 125 members now, but they can’t afford the $12,000 monthly payments.

The newspaper reported that at least seven religious institutions have filed for bankruptcy in the Eastern District of North Carolina since 2006. There had been a total of five in the
previous six years.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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Churches are not immune to the bankruptcy problems facing many in North Carolina as the economic downturn continues.

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Associated poll

More: continued here

 

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