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.
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.