According to Guilford County's recent property transfers listed in yesterday's N&R, the new baseball stadium site just got a teeny bit larger. (Thanks Michael)
Downtown Greensboro Renaissance, LLC (DGR) - a wholly owned subsidary of the Joseph Bryan Foundation - just bought the property located at 407 North Eugene Street from Joann Harris for $300,000. The art-deco building that sits on the property is The Palms - Greensboro's oldest gay night club.
The purchase price comes in nearly $80 per square foot for the tiny parcel. In contrast, the taxpayers of Guilford County got almost $12.00 per square foot for their property in the 2002 Exchange Agreement with DGR,LLC.
It's the little brown rectangle just outside center field. (.jpg credit Action Greensboro)
Supply and demand is a wonderful concept, right Ms. Harris? Where will we now have to go to take in a proper drag show?