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Archive for April, 2012

Grove Park Inn being sold to private equity firm

Tuesday, April 10th, 2012

ASHEVILLE, NC (AP) — The Grove Park Inn Resort & Spa in Asheville is being sold to a private equity company that plans a $25 million renovation as part of the resort’s 100th anniversary next year.

KSL Capital Partners LLC said Tuesday it has agreed to acquire the historic inn from an affiliate of Sammons Enterprises Inc. KSL is a private equity firm specializing in travel and leisure. It has offices in Denver and New York.

The Sammons family has owned the Grove Park Inn for nearly 60 years. The sale price wasn’t disclosed.

The Grove Park is built of granite stones and overlooks the city of Asheville. Famous guests include author F. Scott Fitzgerald and William Jennings Bryan, who delivered the keynote address at the inn’s opening in 1913.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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A regulatory bump in the road

Tuesday, April 10th, 2012

County planning board considers restrictions on speed control devices

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Two men sought after LSD, mushrooms found

Tuesday, April 10th, 2012

Warrants have been issued for the arrests of Ryan Kenneth Smith and Michael Joseph Delaney.

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Back Then – Cape Fear Region Civil War facts

Tuesday, April 10th, 2012

Some important dates involving the Cape Fear Region’s role in the conflict

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ONLY ON 3: Vice Chair of new Wilmington Ballpark Coalition being sued by Feds

Tuesday, April 10th, 2012

WILMINGTON, NC (WWAY) — One of the newly appointed leaders of a group of local business owners and managers promoting a new ballpark in Wilmington is currently being sued by the federal government.

Dr. James D. Hundley, a former orthopaedic surgeon in Wilmington, was named Vice Chairman of the Wilmington Ballpark Coalition. His son, Jim Hundley Jr., is Chairman of the group.

Hundley Sr. also sat on the board of directors of Cooperative Bank, which went under in 2009.

The Federal Deposit Insurance Corporative is suing Hundley, the rest of the board, as well as the bank’s former chief for “neglect of duty.”

The suit charges that the bank permitted “lax loan approval.”

The FDIC is suing Hundley individually for $4.48 million.

We’ll have more on this story coming up on WWAY NewsChannel 3 at 6. Click here to see the suit: http://clients.oakbridgeins.com/clients/blog/willetts.pdf

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News provided by WWAY NewsChannel 3 and the StarNewsOnline

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