GREENSBORO — Two people involved with the proposed Ole Asheboro Hotel downtown raised the prospect Sunday that two well-known hoteliers have questioned the project because they may want to build a hotel of their own in the center city.
“There’s more to this than meets the eye,” said Melvin “Skip” Alston, chairman of the Guilford County Board of Commissioners and a real estate broker for the Ole Asheboro project. “The fact of the matter is they are planning on putting a hotel downtown. That is why they are fighting this.”
Not so, one of the businessmen responded.
“Oh, gosh, no,” said Mike Weaver, co-founder of Quaintance-Weaver Restaurants & Hotels. “Absolutely not.
“This is a dreadful economy. We don’t want to build a hotel anywhere. We just wouldn’t take the risk.”
Quaintance-Weaver is among the investors in the Proximity and O. Henry hotels in Greensboro.
Last week, Weaver and Dennis Quaintance notified Greensboro and Guilford County officials that they would sue both governments if they don’t release public records pertaining to the Ole Asheboro Hotel project and the federal stimulus program that would help make it financially viable.
Local investors backing the hotel are seeking recovery zone facility bonds created under the 2009 federal stimulus act. The program allows private developers to borrow at a low interest rate.
The bonds are funded and paid for privately — local taxpayers are not liable. But the construction projects still have to meet financial muster with a state commission before the bonds can be issued.
Both Guilford County and Greensboro got an allocation under the program — $19 million for Greensboro and $9.8 million for the county — which allowed them to approve projects that could take advantage of the preferential financing.
Weaver and Quaintance said they were looking for transparency from local government and wanted to make sure stimulus programs were being properly administered.
That move led some of the project’s supporters to threaten a protest march against Quaintance and Weaver. Initially, they said that demonstration could occur Feb. 1, the opening date of the new International Civil Rights Center & Museum. Hotel supporter Deena Hayes, a member of the Guilford Board of Education, said Sunday that no decision on a march has been made.
“That will be dictated by the information that we get,” Hayes said, referring to what Quaintance and Weaver might have planned. “To have two hoteliers challenge an industry project under the guise that they are concerned about the city’s resources sounds very suspect to me.”
Weaver has said the threat of a protest march would not dissuade him from questioning the funding of the eight-story, 200-room, luxury hotel proposed for the corner of Davie Street and February One Place.
Alston said he had been told by Greensboro City Council members — he did not say which ones — that Quaintance-Weaver wanted to build a 45-room boutique hotel on property the Weaver Foundation owns at the corner of North Church Street and Friendly Avenue.
In 2006, the foundation started by Weaver and his family bought the property from Duke Energy for $1 million and earmarked it for future community development.
“That property is promised,” Weaver said. “I’m flabbergasted.”
Part of the site has been offered for the proposed UNCG school of pharmacy.
Contact Donald W. Patterson at 373-7027 or don.patterson@news-record.com.
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