2The Daily Tar Heel Friday, November 14, 1986
Developers to toniild
retail certer comdlos
Dy ROCERT KEEFE
Business Edfor
The 3 1 ,000-square-foot Southern
Bell building on West Franklin
Street has been sitting dormant for
over a year now. But if things go
as planned, the dusty brick building
will come back to life as a retail
center in the next few years.
Guilford T. Waddell, president
and chief stock holder of Waddell
Benefit Plans Inc., and Jenmar
Securities in Chapel Hill, plans to
close on the building and on another
55,000 square feet of parking lot
Monday.
The parking lots, one located next
to the building and the other on
Rosemary Street across from the
Western Sizzlin restaurant, will be
developed as condominiums by
Waddell and Jenmar through a
limited partnership called West
Franklin Preservation Partners.
Waddell paid $2 million for the
building and the two lots. Develop
ment of the properties is expected
to cost about $5.1 million and will
American Airlines launches plans for hub at RDU
Dy AMY HAMILTON
Stan Writer
Beginning June 15, American
Airlines will open a new hub whose
route will include 28 new cities
currently not receiving direct service
out of Raleigh-Durham Airport,
American officials announced
Tuesday.
Along with its commuter affiliate,
American Eagle, American Airlines
will open the hub in the new $60
million terminal with 101 flights to
38 cities and will expand to 137 daily,
flights to 52 cities by Sept. 8, 1987.
The hub is predicted to expand by
1989 to serve 70 cities with 275
flights, Donald O'Hare, America's
Reagan
hostages," Reagan said. "Nor will
we. . . . We have not, nor will we,
capitulate to terrorists.
"The United States has not made
concessions to those who hold our
people captive in Lebanon," he said.
Rather, Reagan said, his "secret
diplomatic initiative" was recogni
tion of the value of re-establishing
"some degree of access and influ
ence" with Iran. He said Iran's
location, near the Soviet Union, and
its rich oil reserves give the nation
key significance to the United States.
EMnj w hup $m mm sm
THREE-POINT PASSIVE SAFETY BELT SYSTEMS ARE AN EFFECTIVE
COMPLEMENT TO BELT-USE LAWS.
General Motors is
equipping 10 of its 1987
model cars with automatic
lapshoulder belt systems
for the driver and for the
right-hand front seat passen
ger. It is the first step in
meeting a federal require
ment to phase in passive
restraints.
The automatic sys
tems will be standard
equipment on most 1987
models of the Pontiac Grand
Am and Bonneville, Buick
Somerset, Skylark, and
LeSabre, and Oldsmobile
Calais and Delta 88. By
1990 we plan to equip all
GM cars with passive
restraint systems.
The belts in the GM
system will be connected to
the car at three anchor points
one toward the center of
the front seat, and two on
the front door.
Three-point automatic
lapshoulder belt systems
offer the same advantages
as GM's current three
point manual systems
Lap and shoulder belts allow
begin late next year.
The condominiums, called Frank
lin West, will contain 40 1,500- to
1,800-square-foot units that will sell
for between $150,000 and $175,000.
The Franklin Street condominium
(phase II) will be six stories high;
the Rosemary Street condominium
(phase I) will be five stories.
Because of the their price, Waddell
said sales of the condominiums will
be geared toward two groups of
people those in the middle to older
ages, and those who don't live in
town, but visit the Chapel Hill area
frequently.
"Chapel Hill is becoming more
and more a residential part of the
Research Park community," Wad
dell said. "I think companies and
people in this area will be associated
with the Research Park, but not
directly."
Waddell said the reason the
Southern Bell building has been
empty for so long is because most
developers have tried to develop it
as commercial office space instead
southeastern vice president, said at
a news conference.
American plans to start its oper
ation next summer with 60 flights
to 22 cities from 15 gates and will
expand to 96 flights serving 36 cities
by September. American Eagle will
serve 17 cities with 41 flights in June.
Both airlines will serve Greensboro.
. The ten carriers at RDU, includ
ing American, currently serve 27
cities with 95 flights, and three
commuter airlines offer 17 flights.
Recently, American Eagle
announced that it would move its
corporate headquarters from Lynch
burg, Va., to RDU so that it could
better manage growth of the airline
from page 1
Reports of tne administration's
dealings with Iran accelerated earlier
this month when David Jacobsen,
one of the Americans held hostage
in Lebanon, was released. Earlier
this year, two other hostages were
released.
In authorizing the transfer of what
he called "small amounts of defen
sive weapons and spare parts for
defensive systems to Iran," Reagan
said he was trying "to convince
Tehran that our negotiators were
acting with my authority."
CUSTOMER INFORMATION FROM GENERAL MOTORS
you to "ride down" the crash
as the vehicle absorbs the
impact. They also help pre
vent you from being thrown
from the car in an accident,
where you are more likely
to be killed or seriously
injured.
Safety belts have
proved effective in reduc
ing injuries and fatalities.
That's why GM supports
belt-use laws. Automatic
lapshoulder belt systems
will make it even easier for
people to comply with these
laws.
Opening the door pulls
the belts forward for entry.
Closing it brings the belts
into their operating position.
A single push button at the
center anchor point releases
the system in an emergency.
Retractors pull the released
belts into storage positions
on the door.
Extra attachment
points will be built into
cars equipped with these
systems so you can secure
most child restraint systems
with an auxiliary lap belt.
General Motors is pur
suing other programs that
will help reduce the number
and severity of injuries
caused by accidents. We are
Artist's conception of proposed
of residential space.
"We didn't see too much of a
demand for more office space in
Chapel Hill," Waddell said, "and our
firm is small enough to do something
particularly unique with it."
Waddell feels Chapel Hill can be
properly developed and still main
tain a "village-type" atmosphere,
which is something many townspeo
ple have been stressing.
"In choosing the word 'preserva
tion' in our name, we didn't want
people to think we were trying to
preserve the Southern Bell building
that's only been here since 1953.
What we are trying to preserve is
the 'downtown type of feeling that
is typical of Chapel Hill."
and improve communications with
its affiliate, American Airlines.
About 750 new jobs will be created
in the Triangle area because of
American' operations at the hub,
O'Hare said.
R. Marc Jordan, president of the
Greater Raleigh- Chamber of Com
merce, said the hub would have a
great effect on area development.
"Well look back on it in 10 or
15 years as one of the major factors
in this area's growth, that is, the new
hub opening and American Eagle's
moving its corporate headquarters
down here which has brought in
approximately 200 people already,"
he said.
With its expanded service to more
cities and the addition of a commuter
affiliate, American will be serving
more than three-and-a-half times the
number of flights that Piedmont,
RDU's current dominant carrier,
and its commuter airline have.
Emily Stafford, owner of Prestige
Travel in Raleigh, said, "Generally,
thereU probably be some special
promotional fares offered by Amer
ican Airlines at the beginning to
introduce people to their system. ItH
be unusual if their competitors at
RDU dont match some of their
prices."
The fares of non-stop flights to
designing energy-absorbing
interiors. We are phasing in
rear-seat lapshoulder belts,
beginning with some 1987
models kits will be made
available through GM deal
ers to retrofit most older cars
with these systems. And we
will be equipping some 1988
model cars with driver-side
air bags to supplement safety
belts.
General Motors has
been a leader in automotive
safety because we believe
that building safer cars is
good for you. And good for
us.
This advertisement is part of
our continuing effort to give
customers useful information
about their cars and trucks
and the company that builds
them. i
Chevrolet Pontiac
Oldsmobile Buick
Cadillac GMC Truck
H
MARK OF EXCELLENCE
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Franklin Street condominium
Waddell, a 1974 UNC graduate,
started Waddell Benefit Plans Inc.
shortly after graduation. The firm
sells health insurance and handles
pension plans and profit-sharing
programs for other corporations.
Jenmar Securities is a full-service
stock brokerage firm that handles
Waddell's real estate holdings.
In addition to Franklin West,
Waddell and Jenmar Securities are
renovating the $3.2 million Mon
tague building in Raleigh and have
developed the $4 million Cedar
Ridge office complex in Chapel Hill.
"We also plan to break ground in
January on a 1.6-acre development
on Chapel Hill Bypass (N.C. 15
501)," Waddell said.
cities not served directly by other
carriers will probably be higher than
fares of competitor airlines with one
or two-stop service to the same cities,
she said. But fares to New York,
Washington, D.C., Atlanta and
other similar, widely-served cities
may come down because of the
competition, she said.
Twenty-three of the 28 new cities
are non-stop flights. These cities
include: Buffalo, N.Y.; Cleveland,
Ohio; Detroit, Mich.; Hartford,
Conn.; Islip, N.Y.; Rochester, N.Y.;
Syracuse, N.Y.; Charleston, S.C.;
Daytona Beach, Fla.; Fort Lauder
dale, Fla.; Fort Myers, Fla.; Jack
sonville, Fla.; St. Petersburg, Fla.;
Sarasota, Fla.; Savannah, Ga.;
Tampa, Fla.; West Palm Beach, Fla.;
Harrisburg, Pa.; Charlottesville,
W.Va.; Roanoke, Va.; Newport
News, Va.; Tri-Cities, Tenn.; and
Khoxville, Tenn.
The remaining five cities are
direct, one-stop flights. These are
Melbourne, Fla., Columbus, Ohio,
Charleston, W.Va., Lynchburg, Va.
and Chattanooga, Tenn.
. RDU currently ranks as the 60th
busiest airport in the country,
according to an Airport Operators
Council survey. John C. Brantley III,
RDU airport director, said that
RDU should move up to thejtop 30
busiest airports in the nation with
the addition of the American Air
lines American Eagle hub.
NO MUSS.
JUST CHILL AND SERVE
SPECIALTY SPIRITS LTD.. PRINCETON. N.J.
Student tickets are available for the Blue-White basketball
game, which will be played after the Virginia football game
on November 15th. This game will be played in the air
conditioned Smith Center and the halftime will be only five
minutes (so you can get out in time for the rest of your
Saturday evening plans). Present your student I.D. and
athletic pass at the Smith Center box office between 8:00
AM and 5:00 PM. Students may also purchase guest
tickets at $5.00 in addition to their complimentary student
tickets. Student groups of 20 or more are welcome to send
a representative to the Ticket Office with the groups'
athletic passes for block seating.
Lugar vows to resist Helms
in bid for Senate committee
From Associated Press reports
WASHINGTON Sen.
Richard Lugar, R-Ind., said
Thursday he will resist a challenge
by Sen. Jesse Helms, R.-N.C, to
unseat him as the top Republican
on the Senate Foreign Relations
Committee in the 100th Congress.
Lugar, the committee's chair
man for the last two years,
rejected Helms' assertion that he
has a right to the post because
of seniority. He told Helms in a
letter that he Will ask Republican
members of the committee to
choose between them.
In a letter to Lugar last week,
Helms indicated that he regrets
making a commitment during his
re-election campaign two years
ago not to seek the Foreign
Relations chairmanship but to
continue instead as chairman of
the Senate Agriculture
Committee.
Aquino supporter murdered
MANILA, Philippines One
of President Corazon Aquino's
leading leftist supporters was
found brutally murdered Thurs
day, the day she returned from
Wake Forest University gains
more freedom from Baptists
By PAUL CORY
Staff Writer
The North Carolina State Baptist
Convention Tuesday voted to
weaken its ties with Wake Forest
University, an institution it founded
in 1834.
The convention's 3,300 members
approved by a large majority to
amend its charter to allow Wake
Forest to elect its own trustees.
The vote ended years of fighting
between Wake Forest and the con
vention over who would select the
university's trustees. The convention
founded Wake Forest in 1834.
The convention previously had the
right to veto the election of any Wake
Forest trustee. The charter had also
stipulated that only one-third of
Wake Forest's trustees cbuld be
either non-North Carolina residents
or non-Baptist.
The amendment also ended direct
financial support of Wake Forest by
the convention. In 1985, the conven
tion provided $500,000 dollars of
Wake Forest's $141 million budget.
Formerly, churches could send
donations through1 the convention to
Wake Forest. "Now the individual
" churches will have to send their
donations directly to Wake Forest.
NO (FUSS.
ue-White
Basketball Tickets
Jowo in Cficf
abroad to a capital swept by
rumors of coup plots against her.
Police found the mutilated
body of Rolando Olalia, presi
dent of the Partido ng Bayan
(People's Party) and the militant
May 1st Movement labor
alliance, in a ditch on the edge
of the capitol hours after his
family reported him missing.
Back in the U.S.S.R.?
MOSCOW A family of
emigres who returned home this
week after 10 years in America
because they felt like "eternal
immigrants" want to go back to
the United States because the
teen-age boys are unhappy in the
Soviet Union, the mother said
Thursday.
Faina Gonta said the U.S.
Embassy told her that she and her
family could leave Saturday on
a British Airways flight to Lon
don, but they had not yet
obtained tickets or been given exit
visas.
Robert Philpott, chairman of the
Wake Forest University covenant
committee and trustee, said Wake
Forest officials were "very pleased"
with the convention's decisibn and
confident that relations between the
two would be smoother in the future.
Philpott also said that even though
Wake Forest will be losing funding
from the convention, the university
will not be dropping any Baptist
related programs.
MWe had already made a decision
that any program we have will
continue whether we got the funding
or not," he said.
William Poe, president of the
convention, also said he was pleased
with the vote. He agreed that it
would help smooth relations
between the convention and Wake
Forest. "It will cut out the yearly
controversies over who is going to
serve as trustees," he said.
The convention has not cut its ties
with Wake Forest, as some newspap
ers have reported, Poe said.
"All that has happened was the
convention amended its charter so
that Wake Forest could elect its own
trustees," he said. ' ' :
' Both Philpott and Poe agreed that
Wake Forest would retain its Baptist
identity. "We will remain a Baptist
University," Philpott said.
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