Bondless financing for the PAC has been the buzz behind the scenes for a while now.
What surprises me is the confidence that big private funding is on the way. I heard some big numbers the other night, and from sources I thought might be off the table. I hope that's true.


This comes on the heels of the Bryan Foundation announcing its selling NewBridge Bank Park. I do find that interesting. ;)
Posted by: Ron | May 23, 2012 at 08:47 AM
I wouldn't read too much into that, Ron.
Posted by: Ed Cone | May 23, 2012 at 08:50 AM
I know this is wishful thinking but I'd like to see a private developer step forward and turn this into a one mixed-use complex. I read other ideas on other blogs like including luxury apartments, a restaurant and IMAX theater. Overtime people leasing apartments could help pay off any bank loan when you consider there is a demand for downtown apartments. That sounds a lot like a much much smaller version of the "Greensboro Triumph Center" without the big hotel, convention center, condos and bowling alley.
Posted by: Ron | May 23, 2012 at 09:07 AM
The developer would have to figure out how many apartment units and the leasing rates to make it work.
Posted by: Ron | May 23, 2012 at 09:11 AM
Ron, Jim Melvin has said the Bryan Foundation will not fund the PAC. I guess you don't read the Business Journal.
Is it really about Greensboro?
Posted by: Billy Jones | May 23, 2012 at 09:32 AM
And Ron, I'm still holding my trump card.
Posted by: Billy Jones | May 23, 2012 at 09:35 AM
Melvin said the same thing about the ballpark Billy and look what happened. I don't think its out of the question that the foundation may help a little. They may not step up the way they did with the ballpark.
Posted by: Ron | May 23, 2012 at 09:47 AM
The actions of Matt brown last week at council meeting in locking up hotel and motel tax money for the next 20 years for his fiefdom is the death of the gpac in downtown but might see it resurrected on coliseum property.
Posted by: Triadwatch | May 23, 2012 at 10:26 AM
I doubt it would go back to the coliseum because the private donors aren't going to support a PAC at the coliseum. That would require another bond for the coliseum and it would fail like it did the past two times. If it gets built at all, the best hope is downtown.
Posted by: Ron | May 23, 2012 at 11:36 AM
The plan is to use COPs to build the PAC-- Sanders just doesn't want to be quoted as suggesting so.
Melvin needs to appear separated from the PAC as memories of his involvement with the demise of World War Memorial Stadium are haunting the PAC efforts. If downtown boosters want a PAC they're going to have to pressure City Council to keep old promises to Greensboro's other neighborhoods.
Matt Brown already has control of the hotel and motel tax money-- it cannot go to build a PAC.
Ron, you must be new to being a shill as you're not very good at it.
Posted by: Billy Jones | May 23, 2012 at 12:25 PM