Trace CC in talks about possible sale
Carolina Trace Country Club is in talks with a Texas-based company about a possible sale.
Officials from Trace and Escalante Golf, the interested party, have all declined to comment and cited a non-disclosure agreement that forces them to remain silent on the matter until the deal comes to a conclusion. Escalante owns 17 golf clubs in the Southeast and the West — but none yet in North Carolina — and it’s unclear when, or if, Carolina Trace might become its first in the Tar Heel State.
Active club members at Trace have been allowed, since early April, to review documents related to the purchase/sale agreement, but only if they also sign a non-disclosure agreement like the corporate officials involved in the deal.
In other news...
• Elizabeth’s Pizza, at 1009 Spring Lane in Sanford, is celebrating its 25th anniversary Thursday. All cheese pizzas will be half off, and everything else is 20 percent off. Go get some food and say congrats to owner Mike Matarese, who grew up near Naples, Italy, but has been serving Sanford since 1989.
• For months, the state’s unemployment rate has been dropping, but it has largely been because people are becoming discouraged and dropping out of the labor force, not because of new jobs. In March, that changed. North Carolina had the second-largest influx of new jobs at 19,400 for the month, behind only Florida with all of its seasonal hiring for spring break and summer.
• A new Mexican restaurant, Los Charros, just opened in Broadway. It’s located on Main Street next to the Feedmeal and across from the town hall. On the other side of the county, on North Horner Boulevard near the Advance Auto Parts store, a sign proclaims that Capital Bar B’Que, offering both regular dining and catering, will open “soon.”
• It’s a good time to be a CEO in North Carolina, where they made an average of $4.2 million last year, according to a union-funded survey of chief executive pay across the country. That means the average CEO’s salary could pay for 108 workers receiving an average salary, 134 earning a “living wage” or 277 receiving minimum wage. The highest-paid CEO in North Carolina was Bank of America’s Bryan Moynihan, who last year took home $13.1 million — not even close to cracking the top 100 nationwide.
• If you see a bunch of armed men (or ladies) around Sanford next weekend, it probably won’t be cause for alarm unless our relations with Russia get much worse between now and then. Deep River Sporting Clays is hosting the annual Southern Side By Side competition, which attracts shotgun afficianados from around the world. Shooters, historians and dealers will all be pouring into town from Friday to Sunday.
• In the past week, six new corporations formed in Lee County — Carolina Concrete Installation Group, Central North Carolina Conference, Chalmers Corporation, Sanford District A.M.E. Zion Church, Sanford Real Estate Properties and Set Apart Counseling Center — and two were dissolved, dwaPhotography and The Winter Group.
• Have business news? Contact Will Doran at firstname.lastname@example.org or (919) 718-1217.