Articles in regional publications that pertain to a wide range of North Carolina-related topics.
for North Carolina Vol. 57 Issue 1, Jan 1999
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After almost ninety years, Duke Power Co. is closing, in January, 1999, the last remaining twelve of its once sixty-three appliance stores. In a time when electric customers lacked outlets to purchase appliances, the stores, which were located mostly in the company's branch offices, were a convenience. With the coming of Wal-Mart and other megastores, the company can no longer compete pricewise.
Greensboro faces a water shortage and has put mandatory water conservation measures into effect. The shortage affects economic developer's ability to sell the city to potential businesses. Even those with small water needs of 75,000 gallons are being turned down. One source of relief is construction of the Randleman Dam, first proposed in 1937, which would create a 48 million gallon reservoir.
Lexington has always been famous for its old-fashioned southern barbecue, and during the annual Barbecue Festival in October, over 120,000 people fill its eighteen barbecue restaurants. Now two additional attractions have come to town, the Bob Timberlake Gallery and the Richard Childress Racing Museum. Both attract over 100,000 yearly.
The state is rapidly becoming a mecca for retirees. Individuals will find a number of new communities and well-established ones to choose from. The southeast coast, southwest mountains, and northern piedmont are profiled in terms of housing options, costs, amenities, and quality of life, etc.
Starting in the 1970s, the state has grown into a national banking center through the vision of bankers including Tom Storrs and John Medlin. Four banks-Charlotte's First Union and Bank of America and Winston-Salem's BB$T and Wachovia-are among the country's forty most powerful banks. Banking assets in the state are almost $1 trillion.