Investigative reporter and part time columnist Ed Cone is reporting that the deal between Jefferson Pilot and Cherokee Investment Partners for the rehabilitation of the ghastly Wachovia Building is off.  Cherokee specializes in rehabbing problem sites and has drawn great praise for their brand of "vulture capitalism"

If they can't get it done under their criteria, perhaps no one can.

In Ed's comments I am ressurecting a recent rumor that has merit.

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