Possible sale of Seaboard Station worries business owners
Posted June 3, 2013
Raleigh, N.C. — Beer is Jason Cole's business.
He's been managing Tyler's Bottle Shop since it opened a year and a half ago at Seaboard Station. But the future of his shop and others has been uncertain since the downtown Raleigh shopping center owner filed for bankruptcy.
“If someone does take over this spot and wants to use it for something else, then we could possibly leave,” Cole said.
William Peace University, which is adjacent to the shopping center, has expressed interest in buying the property, possibly to expand.
Not everyone is happy about that idea.
“We don’t feel that a university’s long-term goals for expansion are necessarily the same of a popular retail shopping center like Seaboard Station,” said Philip Bernard, a community advocate.
Several community groups have sent a letter to the school, asking administrators to reconsider the purchase.
Administrators were unavailable for comment but released this statement: "William Peace University is committed to the local community and should we ever acquire the property, we would certainly work with the community in a positive way to enhance its value to the city and beyond."
Cole said he sees why the purchase would be attractive for the university.
“They are pretty much land-locked, so they can’t grow,” he said. “They’ve got to think of their survival, too.”