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City Weighs Eight Bids for Sale of Former Downtown Department Store Site

RALEIGH, NC-After two years of indecision, council members are expected to bring in a verdict by year end on the fate of the vacant, 60-year-old eyesore. Raleigh is 125 miles northeast of Downtown Charlotte.

By Robert Anthony | Updated on November 21, 2000

RALEIGH, NC-A vacant department store and a mall that goes dark after Downtown workers go home are two key issues that face the city council here as it considers revitalization plans for the central business district. Raleigh is 125 miles northeast of Downtown Charlotte.

The city has been trying to sell the vacant, 60-year-old Hudson Belk department store for the past two years. A final decision on the property’s fate is expected by year end. The store is located in the 300 block of the Fayetteville Street Mall and is considered by many the most visible eyesore Downtown.

The city has received eight proposals to redevelop the property. They range from replacing the building with a 40-story office and residential tower to renovating the structure for condos and retail shops. The council considered opening the mall to traffic about four years ago, but failed to do so. Mike Williams, vice president of Karnes Research Co., believes that opening the mall to traffic and filling all the stores could turn the area into the entertainment center of Raleigh.

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