who owns what? The parcel intended for the ballpark, if the referendum passes, is owned by the duo from Charlotte; and they bought it from SunTrust Bank.
Their offer to buy the second parcel, also owned by a bank, is contingent on the referendum passing and the ballpark being built.
Following this is like walking into a quagmire; and you almost need a good title search to determine who owns what.
I have not checked on Schoninger's parcel. His Chapter 11 filing included back taxes due New Hanover County which were to be paid over a 5 year period.
Look at USAInvest and you would think they are floating in Chinese Capital. Which causes one to ask -- where did the investments go and how could foreclosures be taking place.
Maybe that explains his sudden interest in storage facilities at the Port with Chinese funding.
Somebody is going to get burned. That program requires the area for investment to be rural -- which downtown Wilmington certainly is not; OR it must be economically depressed with an unemployment rate 150% higher than the surrounding area. I don't think Wilmington qualifies on either basis unless they are tweaking the numbers by including the campus populace for both CCFC and UNCW.
And he's apparently onto another venture.
And if you look at an earlier post, he left Colorado with lawsuits pending.
I don't know how you pull off city slicker stuff like this and still sleep and not cut your throat while shaving.
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