Thursday, July 15, 2010

EpiCentre hit with foreclosure action

Lenders have filed a foreclosure action against Afshin Ghazi's EpiCentre, Charlotte's uptown retail and entertainment complex.

"Unfortunately, we have not been able to extend the existing loan," Ghazi said in a statement this afternoon.

Click here to read the statement.

Ghazi said the issues "will not in any way affect the EpiCentre or its operations, security or quality."

- Doug Miller

20 comments:

Anonymous said...
This comment has been removed by a blog administrator.
Anonymous said...

Somebody with deeper pockets and better common sense will make a fortune off of this property.

Anonymous said...

Another uptown boondoggle bites the dust. CityFair, all over again. The city really should think about getting out of the retailing business.

Of course, it's only taxpayer money sweetening the pot for the developers, lenders, constructors, etc.

Anonymous said...

Maybe the trolly can go round and round the Epicenter and then back to the Mayor's office....oh and the Eastland.

JAT said...

Gee. What. A. Sur. Prise.

Anonymous said...

Well, given what was going on with Ghazi and the contractors disputes not many are surprised. Epicentre isn't biting the dust. Places are still opening there and it's a huge boon for the local economy as it's always packed. Somebody besides Ghazi just needs to run it.

Anonymous said...

The first comment about Ghazi and how the city's taxpayers have funded his lifestlye was hilarious. It's a shame that the Observer is too scared to believe in free speech. Ghazi is a miserable person who deserves the karma delivered to him.

Anonymous said...

Maybe Obama will fund some more banks so that they can further take down local investors.

Anonymous said...

Maybe the tenants can pull together and co-op the property!

Just a thought..

Pseudothyrum said...

"This, then, is the conclusion of the city's history; growing from primitive barter-centre to Culture-city and at last to world-city, it sacrifices first the blood and soul of its creators to the needs of its majestic evolution, and then the last flower of that growth to the spirit of Civilization--and so, doomed, moves on to final self-destruction."

-

"Long ago the country bore the country-town and nourished it with her best blood. Now the giant city sucks the country dry, insatiably and incessantly demanding and devouring fresh streams of men, till it wearies and dies in the midst of an almost uninhabited waste of country.

... In place of a type-true people, born of and grown on the soil, there is a new sort of nomad, cohering unstably in fluid masses, the parasitical city dweller, traditionless, utterly matter-of-fact, religionless, clever, unfruitful, deeply contemptuous of the countryman and especially that highest form of countryman, the country gentleman.

It is the Late city that first defies the land, contradicts Nature in the lines of its silhouette, denies all Nature. It wants to be something different from and higher than Nature."

-

"To the world-city belongs not a folk but a mob. Its uncomprehending hostility to all the traditions representative of the culture (nobility, church, privileges, dynasties, convention in art and limits of knowledge in science), the keen and cold intelligence that confounds the wisdom of the peasant, the new- fashioned naturalism that in relation to all matters of sex and society goes back far to quite primitive instincts and conditions, the reappearance of the panem et circenses in the form of wage-disputes and sports stadia--all these things betoken the definite closing down of the Culture and the opening of a quite new phase of human existence--anti-provincial, late, futureless, but quite inevitable." - http://www.duke.edu/~aparks/SPENG7.html

- Oswald Spengler

Anonymous said...

It would be great to see a new owner who has the financial means to finish the darn thing. Would love to see the tower go up... I know this isnt the best economy for it, but maybe it can serve as offices, a hotel, and residences.

Gastoniazdawgboi said...

They'll be rioting in Bessemer City tonight!!

Anonymous said...

Take it from Ghazi he is scum

Anonymous said...

See the deal with Epicenter/epiCentre, however you want to tell me the block is named incorrectly,following everything one was taught during grade school. I think why most people lose interest in the area is that it's mostly nightclubs/chains. If perhaps they allowed more independent thought and free-thinking retail it could help not only draw people from Gastonia/Rock Hill. Also, which won't happen now is that the place looks like a Carnival cruise line tied up in Downtown Charlotte. It is a Denver Pavillion without the real retail that people could use day to day without having to drink and hang out with jerseytrash/redneck bachelor party crowd. All I hope is that someone with common sense that has their nose clean will come and take a look at what this has a chance to be. Off podium, Good thing Streetcars can take me EVENTUALLY to a real neighborhood like Plaza/midwood.

Anonymous said...

Where are all the Ed Hardy boys going to go to drop roofies in skanks' drinks?

Anonymous said...

I hate rednecks

Tony S said...

Well I hate everyone that doesnt live in Myers Park!!!!!

Anonymous said...

I think this is a case just right for the Ed "Hardly" boys.

Anonymous said...

The CrapeCentre Blows!! Let it go vacant

Anonymous said...

brown people will be your downfall charlotte