Foundation for the Carolinas http://wfae.org en Carolina Theatre's Fate Still Up In The Air http://wfae.org/post/carolina-theatres-fate-still-air <p></p><p>The non-profit Foundation for the Carolinas won the first round of the bid for the Carolina Theatre this week—for $1. A city council committee chose that bid from the Foundation instead of a half million dollar offer from the company that developed the NC Music Factory. But, it's far from a done deal.</p><p>The Carolina Theatre sits on Sixth and Tryon, and once upon a time, it hosted megastars like Elvis, Bob Hope, and Frank Sinatra. For the past thirty years it’s lain unused and neglected. But now the theater, and its first-class location, has three serious suitors.</p> Wed, 05 Dec 2012 14:53:05 +0000 Ben Bradford 17088 at http://wfae.org Carolina Theatre's Fate Still Up In The Air Council Committee Chooses $1 Over $500,000 For Carolina Theatre http://wfae.org/post/council-committee-chooses-1-over-500000-carolina-theatre <p>The Carolina Theatre in uptown Charlotte has sat vacant for more than 30 years.</p><p></p><p>But in its heyday, stars like Elvis Presley and Frank Sinatra played there.&nbsp;</p><p>City council members are considering plans to renew the theater to its old glory.&nbsp; They got a step closer yesterday to choosing one. The Council’s Economic Development Committee voted 3-2 to support selling the property for $1 to the Foundation for the Carolinas.&nbsp;</p> Tue, 04 Dec 2012 15:11:56 +0000 Briana Duggan 17003 at http://wfae.org Council Committee Chooses $1 Over $500,000 For Carolina Theatre