Affordable housing is hard to find even during normal times. It’s even harder to find during a pandemic. It’s a scandal that so many hotel rooms and apartment units are empty when they are sorely needed. It’s estimated that Winston-Salem/Forsyth County has a deficit of 16,000 affordable housing units. We need massive investments in public housing on the state and federal levels.
The Journal recently reported that an activist investment firm is going after Billy Prim, Primo Water’s founder, and current Executive Chairman. Legion Partners LP of Beverly Hills is aggressively targeting the Yadkin County native and his chums on Primo’s board in a just-released, 11-page open letter. The “small-town entrepreneur [who] tackled Wall Street and came away with a $400 million deal” may get tackled by Wall Street this go-round. In the 11-page document, Legion Partners LP argues that Primo has underperformed under Prim. Legion expressed outrage that Prim stacked Primo’s board with his know-nothing friends from his former business, Blue Rhino.
Scott Sexton just reported that the former Royal Inn on Broad and Green Streets is again up for sale. The redevelopment of the Royal Inn has stalled. The much hyped Brookstown District at BB&T Ballpark has also stalled, though Winston’s newspaper of record has failed to report on that. It looks like development around BB&T Ballpark will have to wait until after Business 40 is transformed into Salem Parkway. That means 2020 at the earliest.