Still doing business
Tom Fetzer may not work for Bill Graham anymore, but they’re still in real estate together.
The Republican political consultant and his former client, who is running for the GOP nomination for governor, co-own a building in downtown Raleigh.
Fetzer and Graham bought the two-story brick building at 709 Hillsborough St. on March 31, 2006, for $1.2 million, according to Wake County property records. At the time, Fetzer was advising Graham’s campaign to cap the state gas tax.
The Fetzer-Stephens consulting firm is now located in the building, which was built in 1875.
The building was bought with two loans: $1 million to Fetzer and Graham from SunTrust in Cary, and $250,000 to Fetzer by the Community Bank of Rowan, where Graham serves on the board of directors.
Graham spokesman Aaron Lay said Graham does not own the building, however. He said Graham co-signed the loan in the same way that parents of a teenager might co-sign for a car loan.
Other than that, he declined to add details.
“I won’t get into a business or personal matter,” he said. “That’s aside from the campaign.”
Archive for January, 2008
The soccer matches start early most Sunday mornings at Raleigh’s Kiwanis Park. Like the soccer fields at Dix Hospital, the teams and spectators are almost exclusively Latino and the taqueria and pupuseria trucks show up to sell breakfast and lunch. Continue reading ‘Soccer Tacos’
Guv’s Mansion Tour
Published by January 28th, 2008 in WTF, Architecture, Raleigh and RDU. 2 CommentsThat’s WTF I’m talkin’ about!
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The Mint, or: I Can’t Fit My Bling In My Thong
Published by January 16th, 2008 in WTF, Raleigh, Durham and RDU. 10 Comments
There’s a funny combination of articles in the food section of the N&O today. An article about the closing of Starlu, a restaurant in Durham (I always MEANT to get there for a meal!), and a Greg Cox review of The Mint, a new restaurant on Fayetteville Street. Kudos to Mr. Cox for waiting for the restaurant to actually open before reviewing it! The Raleigh Downtowner couldn’t wait and wrote a glowing review more than a month before the doors opened. We won’t link to the full review because you have to download a PDF of the entire Holiday Issue but we will tell you it is worth the effort. Here’s an excerpt:
The Mint restaurant aims to reclaim the space as the “crown jewel” of downtown Raleigh. The architecture and design convinces guests of the value – a six-ton bank vault door in the entry way, strings of diamond jewels and lights hanging from the two story ceiling. The ultra-stylish M-Bar upstairs features a jewel case inches below your drink and will more than likely have a life of its own outside the restaurant traffic. The Mint also honors the neighborhood’s heritage, with historic scenes like the legislative building and the courthouse lit by green LED lights. Money green, copper, and silver throughout the interior evoke a sense of worth and would feel right at home nestled deep within a banks secure vault.
Jenny Fredette is so right! This 1980’s mid-rise office tower has always been the “Crown Jewel” of Raleigh and we’re so glad it has been restored to its proper status!
So, the piece about Starlu describes the uphill battles faced by restaurants, and quotes a national failure rate of 60% for restaurants. The review of The Mint mentions that the City of Raleigh gave the restaurant group $1-Million to invest in the interiors. Well, it sounds as though the million dollars is really visible in the interior design, literally. Reading about The Mint reminds me of foreboding scenes in films like Wall Street: the money is flowing, it’s raining diamonds and then you start to feel some apprehension; this can’t last, something bad is about to happen and you can feel it.
Well, flip through the N&O to the business section and look at that stock market graph and the blurb about heading into a recession. Will we look back in a few years and wonder: “Remember when people used to wear T-shirts about money and then they built that restaurant about money?” Ah, these are the days!





