Capitol Broadcasting has room to grow with Durham property purchase

Posted October 17, 2016

Durham gets in the Christmas spirit during the 11th Annual American Tobacco Tower Lighting in Durham on December 4, 2015.

— 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.


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  • Andrew Stephenson Oct 18, 2016
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    Why do you keep coming back to this site then?

  • Matt Nickeson Oct 18, 2016
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    Maybe CBC should spend the money to hire real journalist that actually investigate and report on local issues. I suppose running AP stories and posting the rantings of a liberal hack is much cheaper and easier than being a real news organization though.