Capitol Broadcasting has room to grow with Durham property purchase
Posted October 17
Durham, N.C. — Capitol Broadcasting Corp., parent company of WRAL-TV, the Durham Bulls and the force behind the renaissance of the historic American Tobacco Campus in downtown Durham, has room to expand with the purchase of the University Ford Kia auto dealership.
Property records show an LLC linked to CBC paid $28.8 million for the 11.2-acre property. In the most recent appraisal, the city valued that plot at $9.5 million.
Tony Fisher, owner of University Ford Kia, to the Triangle Business Journal that it could be up to two years before the auto dealer vacates the space. A CBC spokesman said the company would use that time to plan out how to use the property.