Fayetteville State University announced at a press conference this morning that the institution would fully acquire Bronco Square Shopping Mall, a strip mall located near the campus, debt-free.
“Fayetteville State University is at the heart of one of the fastest growing regions in the state, the Sandhills region. We are excited to share this special announcement as our university practically connects the business community and enterprise to learning communities and future leaders. FSU is a hub for innovation and Bronco Square will continue to grow and support the greater Cumberland County community,” said Darrell T. Allison, the chancellor of the school.
Bronco Square, which is currently home to businesses like McAllister’s Deli, a beauty salon and the FSU bookstore, will also soon welcome a new, freestanding Chick-fil-A.
The school also plans to build a freestanding Starbucks on its campus. The Chick-fil-A and the Starbucks together will total approximately five million dollars in debt-free assets for the school.
In addition to the new changes coming to campus, Gary Ciccone, who serves as the chairman of the Select Bancorp, Inc. and Select Bank & Trust Boards of Directors generously invested $150,000 in the school at the announcement.
Fayetteville State University has made great strides to be a community partner, and announced today that the current bookstore location will be transformed into an entrepreneurial innovation hub.
This is a developing story. To read more as the story evolves, subscribe to our Daily Emails and print edition at BizFayetteville.com/subscribe.
FACVB is constantly on the lookout for interesting sporting events and competitions to bring to the region. Photo provided by FACVB.In basketball, they call it a “sixth man.” Fayetteville’s Ray Floyd and Charlotte's Davis Love III loved playing
Legacy Pediatrics opened its Spring Lake location, pictured with staff on the right, on September 13.Leaving a legacy is a fundamental part of what drives Ana Hodges and what inspired the name of her pediatric clinic. Legacy Pediatrics opened its sec
A proposal to increase the capital gains tax has many taxpayers asking how it will affect them.The proposed increase in capital gains tax would raise the tax from 20 percent to the highest of 39.6 percent, affecting the wealthiest taxpayers on gains