John Railey wrote an excellent article last week in The Chronicle. Railey criticized the City of Winston-Salem for spending hundreds of thousands on housing studies but failing to implement policy recommendations from those rather costly studies. That’s a criticism I have been making against the City for some time now.
It&… More
The Journal recently reported that an activist investment firm is going after Billy Prim, Primo Water‘s founder, and current Executive Chairman. Legion Partners LP of Beverly Hills is aggressively targeting the Yadkin County native and his chums on Primo’s board in a just-released, 11-page open letter. The “… More
From the folks that gave us the term “Ramkat” now comes the term “Industry Hill.” Industry Hill-were history meets marketing. Industry Hill-a new name for a place that you probably never knew had a name. Its name is now Industry Hill!
Industry Hill, we are told from the developers who recently created it, st… More
Monday night the city council was happy to approve $147,834 in subsidies to The Clearing House over 5 years. Earlier in the month, the Forsyth County Commissioners approved $179,038 in subsidies to TCH. State subsidies are yet to be determined. But if The Clearing House expands in Winston it will clear a sizable check from local t… More
Happy Labor Day Winston-Salem! Today as you’re enjoying the last hurrah of summer, take a few moments to remember that today is Labor Day.
America has traditionally been a country that is hostile to the interests of laborers. That’s why in this country Labor Day is the first Monday in September instead of May 1, like every… More
Yesterday the Winston-Salem Journal’s Richard Craver wrote a nice article on BAT’s purchase of Reynolds’ Tobacco. The corporation that was synonymous with Winston-Salem for so many decades is no longer an independent entity.
Today, thanks largely to the globalization and financialization of the Tobacco i… More
Scott Sexton just reported that the former Royal Inn on Broad and Green Streets is again up for sale. The redevelopment of the Royal Inn has stalled. The much hyped Brookstown District at BB&T Ballpark has also stalled, though Winston’s newspaper of record has failed to report on that.
It looks like development around BB&a… More
Months after British American Tobacco first offered to buy Reynolds, the two have reached a deal. BAT, the international tobacco company that James ‘Buck’ Duke co-founded in 1902 is absorbing Reynolds. Buck Duke has finally beaten R.J. Reynolds once and for all.
BAT played the long game. When Reynolds purchased Brown … More
