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Old October 7th, 2009, 04:48 AM   #601
JorgiPorgi
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Thank God. I was looking at this and thinking that an unfinished building would not look good on this side of town. The Vue really adds a lot of character and length to the skyline. I would be even more happy if they would surprise us and add the spires back toward the end of construction..Wishful thinking..
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Old October 12th, 2009, 08:10 PM   #602
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Old October 13th, 2009, 09:43 PM   #603
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Nice pics g-man! They've finally started back up at the Vue, but now they're a month behind. Better delayed progress than no progress!
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Old October 18th, 2009, 02:09 AM   #604
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Epicentre backer files for Chapter 7

A short article that leaves a lot to be said

http://www.charlotteobserver.com/top...ry/1006014.htm

my thoughts: 1) it's amazing they only lost 5.1 million
2) thank god that fake stucco tower wasn't built...
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Old October 18th, 2009, 02:10 AM   #605
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oh and i hope the vue wasn't facing That
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Old October 18th, 2009, 02:56 AM   #606
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and now the article has been removed. it was very coquettish.

By TONY BURBECK
WCNC
Posted: Saturday, Oct. 17, 2009


CHARLOTTE, N.C. -- A construction company that didn't pay subcontractors for work done on the Epicentre has filed Chapter 7 bankruptcy.

Now, hundreds of businesses could be out more than $5 million.

Chapter 7 bankruptcy is a liquidation. Legal experts say Chapter 7 typically means selling assets and using the money to pay its debts

However, Advanced Construction and Consulting's bankruptcy filing lists no assets to liquidate.

Meanwhile, subcontractors, like Luna Stone, are left without payment.

Luna Stone held a ribbon cutting ceremony Friday, two years after it opened.

"We're looking at teetering," said co-owner Scott Codespoti.

The business isn't sure how long it'll be around.

"It's been day to day," said co-owner Karen Codespoti.

It's been that way ever since Luna Stone didn't get paid nearly $40,000 by Advanced Construction and Consulting for installing granite at the Epicentre.

Their company's name is one of hundreds of businesses owed money by ACC, according to the bankruptcy filing.

"That's a lot of pages," Scott Codespoti said while rummaging through the paperwork.

In the filing ACC lists no assets and $5.1 million in liabilities.

"That's a lot of money," Codespoti said.

ACC previously said subcontractors would get paid once it got paid $1.8 million from the Epicentre's developer, Afshin Ghazi.

Ghazi said that money wasn't owed. ACC filed a lien for it.

A $1.8 million payment would still leave ACC more than $3 million in debt, according to the filing.

"It looks like they were using one job to pay for another job," Codespoti said.

Ghazi also alleged that's what ACC did.

Luna Stone's owners realize they might never get their money.

"Doesn't seem like anyone is going to get anything from ACC," Codespoti said.

"I guess that's the stress of doing business with the wrong people," Karen Codespoti said.

As far as that ribbon cutting, Karen says why not? Sometimes a party takes the edge off of worrying, which is something she's been doing for months.

"At least we tried and tried hard," she said.

Luna Stone is now going after Ghazi to try to get its money.

NewsChannel 36 called ACC's business but didn't get a response. The owner's cell phone has been disconnected.
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Last edited by QueenCityDrag; October 18th, 2009 at 04:10 AM.
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Old October 25th, 2009, 06:11 AM   #607
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Vue, 10/24:

image hosted on flickr


image hosted on flickr
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Old November 1st, 2009, 05:05 PM   #608
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Is Vue topped out yet?
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Old January 10th, 2011, 05:14 AM   #609
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NOTE:

I've unstickied the few development threads that have been quiet for over a year. If you would like to update this thread regularly and see it re-stickied, please pm me! Thank you.

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