Hofmann Sale Imminent? | News
News
INDY Week's news blog

Archives | RSS

Monday, August 11, 2014

Hofmann Sale Imminent?

Posted by on Mon, Aug 11, 2014 at 5:08 PM

Updated: N.C. State University spokesman Frederick Hartman said this morning that there is no Hofmann Forest closing scheduled for September 23. 

The June 30 closing date for the sale of Hofmann Forest has come and gone and the forest’s owners—N.C. State University’s Natural Resources Foundation—are anxious to move forward with the sale of the 80,000-acre property to Illinois agri-businessman Jerry Walker.

A lawsuit brought against the Foundation by a coalition of professors, foresters, landowners and wildlife conservationists is scheduled for the North Carolina Court of Appeals for the morning of August 26, after a Wake County Superior Court judge denied the coalition’s motion for an injunction to stop the sale.

But the Natural Resources Foundation’s attorney filed a motion today to push back the oral arguments until after September 30.
Ron Sutherland, an environmentalist and a plaintiff named in the complaint, says he thinks this is because Walker and N.C. State have come to an agreement to move forward with the sale September 23.

“If this source is correct, right now NCSU is hoping again to close the sale before the lawsuit heads to court, which would force the judges to nullify a $150 million deal in order to rule in our favor,” Sutherland wrote in an email.

The coalition’s attorney Jim Conner said the Appeals Court has not acted on the motion. He filed a response objecting to the motion and said he doesn’t think it’s likely the Court will grant the Foundation’s request.

N.C. State has not yet confirmed whether a transaction will take place September 23.

The INDY is also awaiting a records request for correspondence between University administrators/ N.C. State’s trustees and members of Walker’s North Carolina group, Hofmann Forest LLC.

Pin It

Comments

Showing 1-1 of 1

Add a comment

 
Subscribe to this thread:
Showing 1-1 of 1

Add a comment

INDY Week publishes all kinds of comments, but we don't publish everything.

  • Comments that are not contributing to the conversation will be removed.
  • Comments that include ad hominem attacks will also be removed.
  • Please do not copy and paste the full text of a press release.

Permitted HTML:
  • To create paragraphs in your comment, type <p> at the start of a paragraph and </p> at the end of each paragraph.
  • To create bold text, type <b>bolded text</b> (please note the closing tag, </b>).
  • To create italicized text, type <i>italicized text</i> (please note the closing tag, </i>).
  • Proper web addresses will automatically become links.

Latest in News



Twitter Activity

Comments

I was diagnosed of hepatitis B in 2012,I have tried all possible means to get cure but all my effort …

by Austin calnor on The Problem with N.C.’s Religious Exemption Law (News)

"Since late November, Henderson County in Western North Carolina has seen 20 cases of pertussis, or whooping cough, and has …

by Liza Coutu on The Problem with N.C.’s Religious Exemption Law (News)

Most Read

Most Recent Comments

I was diagnosed of hepatitis B in 2012,I have tried all possible means to get cure but all my effort …

by Austin calnor on The Problem with N.C.’s Religious Exemption Law (News)

"Since late November, Henderson County in Western North Carolina has seen 20 cases of pertussis, or whooping cough, and has …

by Liza Coutu on The Problem with N.C.’s Religious Exemption Law (News)

What part of illegal don't they understand. Congress is considering the DACAs plus all other illegal aliens in a bill …

by john1050 on Durham Church Offers Immigrant Sanctuary from Deportation (News)

From the WRAL story:
http://www.wral.com/former-wake-register-o…
"John Stephenson, the county's internal auditor, said an average of $1,100 to …

by Mojo on Indictments in Wake Register of Deeds Scandal Charge Laura Riddick with Embezzling $926,615 (News)

Hopefully Indyweek will remember all this the next time they endorse a Republican (over and over again).

by Robert Larson on Indictments in Wake Register of Deeds Scandal Charge Laura Riddick with Embezzling $926,615 (News)

© 2017 Indy Week • 320 E. Chapel Hill St., Suite 200, Durham, NC 27701 • phone 919-286-1972 • fax 919-286-4274
RSS Feeds | Powered by Foundation