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Marketfair Mall sells for $16 million at foreclosure auction

By Michael Futch Staff writer The long-struggling Marketfair Mall sold for $16 million in a foreclosure auction Thursday on the steps of the Cumberland County Courthouse. The property went back to foreclosing lender Capmark Finance LLC, of Manhattan, N.Y., said Lonnie Player Jr., the Fayetteville lawyer overseeing the process. “The foreclosing...

ABC probe clears director

By Gregory Phillips Staff writer An independent lawyer hired by the Cumberland County Alcoholic Beverage Control Board to investigate anonymous complaints against ABC Director Gene Webb found no wrongdoing. The report from lawyer Lonnie Player Jr. determined the allegations were unfounded, board members said. Webb said he has done nothing wrong...

Hoke County’s Clean Burn Fuels draws $34.5 million bid

By Jennifer Calhoun Staff Writer RAEFORD – Hoke County’s first ethanol plant, Clean Burn Fuels, brought in an opening bid of $34.5 million last week during a foreclosure sale. The first, highest and only bidder was the plant’s primary lender, Cape Fear Farm Credit. “No third party bidders revealed themselves,” said...