Thursday, April 7, 2011

FAQ - R/E # 1: Why did Mr. Young not enter into a parking agreement for The Courtyard?

An agreement pertaining to offering a portion of the parking lot serving the The Courtyard of Chapel Hill ("TCoCH") could not be reached for ONE VERY SIMPLE REASON -- Pleezy Harbor Craig (a/k/a "PH Craig") would NOT agree to ANY arrangement at ANY terms. 

This undeniable fact was memorialized in detail by Mr. Young's representative legal counsel (Womble Carlyle) to Mr. Craig's attorney (sole practitioner, Mike Pipkin), and copies were widely made a matter of public record. Those specifically apprised included: (1) Mayor of Chapel Hill (Kevin Foy); the Chapel Hill Town Council (e.g., Bill Strom); and (3) other local community leaders (for example, the Executive Director of the Chapel Hill - Carrboro Chamber of Commerce, Aaron Nelson).

It is important to note that over the duration of Mr. Young's professional career in corporate finance, banking and real estate investment, whichspanned more than two decades, he was ALWAYS able to enter into a final agreement in ANY and ALL contract negotiations he entered into -- and as an investment banker at JPMorgan and Morgan Stanley, this entailed literally hundreds of complex agreements with some of the largest financial institutions in the world, involving $BILLIONS. 

So does it seem even remotely plausible Mr. Young couldn't enter into a simple agreement to either lease or purchase a small parcel of adjacent land which has always been part of the property he owned, for a few hundred thousand dollars, no less? No the reality is that those involved in this charade are a collection of bombastic liars and cowards, who are being exposed as such.

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