Wake Forest University Officials Continue Talks With City Leaders About Buying LJVM Coliseum

7:28 PM, Jan 25, 2012   |    comments
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Winston-Salem, NC -- If you lost an average of $850,000 a year, you'd probably want to do something to stop the losses.

That's how much Winston-Salem loses operating their coliseum complex, and they're looking at what they can do to reel in the expense.

Wake Forest University Men's Basketball is one of the largest attended events at the Joel annually.

That's one reason why city leaders are eyeing the university as a possible buyer.

"We know that they are good permanent stewards here in our community," said City Councilman Dan Besse. 

But we're not just talking about bricks and mortar.

It's a special building. City leaders said there's a lot to consider besides just dollars that's because it's Lawrence Joel Veterans Memorial Coliseum.

So, there are naming rights issues if you sell it.

Plus, it's a building that hosts more than a hundred other events beyond basketball every year.

The people who live in Winston-Salem don't want to lose access to those events and neither do city leaders.

University officials would not comment about future ownership other than saying that they continue to talk to city officials about the coliseum.

Bowman Gray Stadium is also in the mix as a potential venue the city would sell.  City leaders would consider Winston-Salem State University as a potential buyer.

In March, the city will hold a workshop to discuss ownership options for the Joel and Bowman Gray Stadium.

Read previous web articles when city first proposed idea of selling the coliseum and Bowman Gray Stadium by clicking here.

WFMY News 2

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