hpe04222010

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CASH FOR APPLIANCES: Stores expect big crowds this weekend. 1B

He was the boss

126th year No. 112 www.hpe.com High Point, N.C.

GLENN HIRES COACH: Bobcat football turns to Payne. 1D

50 Cents Daily $1.25 Sundays

Oak Hollow Mall listed for sale BY PAM HAYNES ENTERPRISE STAFF WRITER

Perdue’s plans please market BY PAUL B. JOHNSON ENTERPRISE STAFF WRITER

PERDUE, 2A

April 22, 2010

HPU SURVEY: Poll indicates most think U.S. Census is important. 2A

J.J. Farriss gets credit for either starting or coming up with the idea to start several institutions in High Point. Find out the true story of Farriss’ involvement in The High Point Enterprise when the Enterprise celebrates its anniversary in May.

HIGH POINT – Gov. Beverly Perdue has pledged to keep state funding for the High Point Market at the same level as part of her 2010 budget proposal unveiled this week, local officials say. Perdue, who visited the spring furniture market on Monday, released her $19.1 billion prop o s a l Tuesday. State legislators will take up the Perdue proposal when they convene the middle of next month for the 2010 N.C. General Assembly session in Raleigh. The governor indicated during her visit that she would maintain market funding in her proposal, said High Point Mayor Becky Smothers and High Point Market Authority President Brian Casey. At the authority board of directors meeting Wednesday, market organizers considered a draft 2010-11 budget proposal. Total revenues for the upcoming fiscal year total $5 million, of which $2 million is state appropriations. The authority, which oversees operation of the spring and fall home furnishings trade shows, receives state funding to support transportation services and promote the market, the world’s largest furniture trade show and the singlelargest economic event in North Carolina each year. While Smothers praised the governor’s office for its support, she expressed frustration with the proposed cut to the authority under consideration by the Guilford County Board of Commissioners. The authority has received

THURSDAY

DAVID HOLSTON | HPE FILE

Entrance to Oak Hollow Mall is shown above. At right, shoppers are shown inside the mall in busier times.

DAVID HOLSTON | HPE FILE

HIGH POINT – High Point’s largest shopping center, Oak Hollow Mall, is up for sale again, with the exclusion of two of its anchor stores, according to an online listing with Price Commercial Properties Inc. The real estate company’s Web site lists the 44-acre property at 921 Eastchester Drive for sale at $15 million. The sale doesn’t include Dillards, which converted its department store into a Dillards clearance center at the mall earlier this year, or Sears. The property was listed for sale on April 14, according to the Web site. Vickee Armstrong, general manager of Oak Hollow Mall, said she couldn’t confirm whether or not the mall was for sale and deferred all comments to the mall’s corporate owner and operator, Chattanooga, Tenn.-based CBL & Associates Properties Inc. Katie Reinsmidt, vice president of corporate communications and investor relations for CBL, also didn’t confirm if the mall was for sale. “I don’t have any information to give you on this matter,” Reinsmidt told The High Point Enterprise on Wednesday. Ed Price, president of Ed Price & Associates Realtors out of High Point, deferred any comment to CBL & Associates. Oak Hollow Mall reportedly went up for sale two years ago at a drastically higher price for $40 to $45 million, though the price included all of its anchor stores. CBL & Associates also operates Hanes Mall in WinstonSalem and Randolph Mall in Asheboro, as well as two outdoor shopping centers, Friendly Center in Greensboro and Alamance Crossing in Burlington. Staff Writer Paul B. Johnson contributed to this report.

WHO’S NEWS

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Katherine Fowkes, professor of media and popular culture at High Point University, recently attended the 2010 Society for Cinema and Media Studies Conference in Los Angeles, where she launched her new book on fantasy film.

INSIDE

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NEW BEGINNING: Bank to hold ribbon-cutting in Thomasville. 1B OBITUARIES

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Craig Alston III, infant Robert Brun, 81 Alma Chavis, 37 Harold Fields, 56 Marvin Fine, 57 D. Hollingsworth, 54 Susan Jones, 60 Teresa Jones, 48 Virginia Lindsay, 86 Ralph Pardue Jr. Obituaries, 2B

WEATHER

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Mostly sunny High 75, Low 47 8D

phaynes@hpe.com | 888-3617

INDEX

Exhibitors exit spring furniture market with a smile the company had seen a “definite increase in foot traffic” compared to last spring. HIGH POINT – Slow improvements in Vaughan Furniture Co., which the furniture industry and an uptick in traffic left exhibitors pleased with their performances at the High Point Market as the event closes today. Buyer pre-registration numbers through Tuesday already had exceeded the last three furniture markets, Brian Casey, president of the High Point Market Authority, said on Wednesday. Pre-registration data for Wednesday and today have Roger Porter not yet been collected. Vaughan Furniture Co. “Pre-registration is all registrations that take place before market and combined with on-site regis- carries the Kathy Ireland Home trations,” Casey said. “That’s what line, also reported increased traffic is giving us the indicator we’ve and business. exceeded the last three furniture “Something we’ve been pleased markets. There’s been more buying with is the caliber of clients here,” activity this market than I’ve seen said Roger Porter, senior vice presiin a long time.” dent of sales for Vaughan Furniture Officials from Ligo, a case goods Co. “We called our clients and tried manufacturer with a showroom in to get them here, and they all came. Market Square on Main Street, said We also saw several clients we didn’t BY PAM HAYNES ENTERPRISE STAFF WRITER

‘Something we’ve been pleased with is the caliber of clients here.’

YOUR COMMUNITY. YOUR NEWSPAPER.

expect to see here. They really seem more upbeat and ready to buy this year. They seem to know business is not great, but it’s better.” Stickley Furniture Co.’s permanent showroom on N. Elm Street also saw better business this spring, especially compared to last spring, officials said. “This has been a very strong market in case goods and upholstery,” said Rod Mclean, president of Stickley Fine Upholstery. “We are seeing a lot more optimism from buyers. Their inventories have been depleted, and they’re re-ordering. “The one thing I would add is business in the industry is still erratic,” Mclean said. “We haven’t seen that return of a steady flow of orders, but we’re happy to be over the hump.” Furniture purchased by buyers at the show usually hits retail stores in the fall. The fall High Point Market is scheduled for Oct. 16-21. phaynes@hpe.com | 888-3617

ABBY 3B BUSINESS 7-8D CLASSIFIED 5-8C COMICS 7B CROSSWORD 2C DONOHUE 7B FUN & GAMES 2C LIFE&STYLE 1C, 3-4C LOCAL 2-3A, 1B LOTTERY 2A MOVIES 8B NEIGHBORS 4-6B NATION 5A, 8A, 8B NOTABLES 8B OBITUARIES 2B OPINION 6-7A SPORTS 1-5D STATE 2-3A, 2-3B STOCKS 7D TV 8B WEATHER 8D WORLD 4A

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