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A deal to lease part of the land it owns in Raleigh could serve as a possible lifeline for Saint Augustine's University.

Land-lease deal could help struggling Saint Augustine's University, new audit reveals

THE CANES FORECAST. IF YOU HAVE TO BE HEADING OUT THERE. ALL RIGHT, MIKE. >> NEW AT 4 WRAL IS LEARNING OF A POSSIBLE LIFELINE FOR SAME DUSTIN'S UNIVERSITY. WRAL INVESTIGATES HAS OBTAINED A LAND LEASE DEAL LAY DOWN IN THE SCHOOL'S LATEST FINANCIAL AUDIT WRAL'S DESTINY. PATTERSON HAS GONE THROUGH THE NEARLY 60 PAGES OF THIS DUSTY. WHAT DOES THIS DEAL INCLUDE? >> WELL, I HAVE THE AUDIT HERE, BUT REALLY THE MOST INTERESTING PART IS ABOUT HALFWAY THROUGH HERE. YOU CAN SEE THAT I'VE HIGHLIGHTED HIGHLIGHTED IT HERE IN IT SAYS THAT THE UNIVERSITY IS WORKING ON A LAND LEASE DEAL WITH A SPORTS STADIUM AND DEVELOPMENT FIRM OUT OF FLORIDA. >> CITY BUSES UNIVERSITY'S LATEST DEAL COULD BRING IN 70 MILLION DOLLARS BEFORE NEXT JUNE. WRAL INVESTIGATES FOUND THE BASICS OF A LAND LEASE AGREEMENT AND ITS 2024 AUDIT. IT SAYS THE UNIVERSITY WILL LEASE CERTAIN REAL ESTATE TO 50 PLUS ONE SPORTS FOR 99 YEARS. THE FLORIDA BASED COMPANY TOUTS ITSELF AS ONE OF THE FASTEST GROWING PROFESSIONAL SPORTS STADIUM. AND MIXED USE DEVELOPMENT FIRMS IN THE U.S. 50 PLUS, ONE SPORTS WILL PAY SAINT AUG 16 MILLION BY THE END OF THE YEAR. AND THEN ANOTHER 10 MILLION BY NEXT JUNE. ON TOP OF THAT 50 PLUS ONE WILL HELP THE UNIVERSITY PAY OFF EXISTING DEBTS, INCLUDING 50% OF ACCRUED AND UNPAID INTEREST AND THE PREPAYMENT PREMIUM ON ITS GOTHIC VENTURES LOAN. I EMAILED THE SPOKESPERSON FOR SENATE DUSTIN'S UNIVERSITY ASKING IF THE SCHOOL IS ENDING ITS CREDIT AGREEMENT WITH GOTHIC VENTURES AND WHICH LAND THE SCHOOL IS LEASING. I ALSO REACHED OUT TO 50 PLUS ONE SPORTS DESK ABOUT THEIR PLANS FOR THE LAND. >> AND THIS POINT I HAVEN'T HEARD BACK FROM THE UNIVERSITY OR 50 PLUS ONE SPORTS. BUT HERE IT ALSO DOES DETAIL THAT THE UNIVERSITY AND THE COMPANY WOULD SPLIT THE REVENUE FROM ANY PROJECTS THAT IS USED WHILE THAT COMPANY IS LEASING THE LAND. AND IT SAYS THAT 50 PLUS ONE WOULD GET 65% OF THAT REVENUE IN THE UNIVERSITY WOULD GET 35% FOR THE FIRST 15 YEARS. AGAIN, IT'S NOT CLEAR WHICH PIECES OF THE LAND THEY WOULD BE USING. AND IT'S NOT CLEAR HOW MUCH OF THAT REVENUE WOULD BE SPLIT IF AT ALL OVER THE REST OF THAT AGREEMENT. DEPUTY

Land-lease deal in the works between Saint Augustine's University and developer, audit shows

Saint Augustine's University filing lawsuit after accreditation terminated

Robeson sheriff believes convicted murderer hid keys under his tongue before escape attempts

Michael McLellan seen leaving court after guilty plea

Crash shuts down part of Capital Boulevard in Raleigh

The crash happened around 4:55 p.m. Monday on Capital Boulevard and Brentwood Road in Raleigh.

Pair of cold fronts bring chance for rain through Thanksgiving Day â

Travel impacts through the holiday weekend

Special counsel moves to abandon election interference and classified documents cases against Trump

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Moral Monday protests returning soon to NC legislature, Rev. William Barber says 

NC Flag

Hockey for the Holidays: Hurricanes, Dallas Stars matchup airing on FOX 50

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WRAL WeatherCenter Forecast

According to Durham Public Schools, the incident happened around 12:40 p.m. at Riverside High School and involved a student resource officer from the department.

Durham officer injured while helping student in crisis at Riverside High

Police car, blue lights

Clients of Arreola Law Office in Wilson County say they paid for services but cannot reach their attorney.


Clients left in limbo as Wilson County attorney becomes unreachable

Clients of Arreola Law Office in Wilson County say they paid for services but cannot reach their attorney.

The annual Bike Giveaway Program takes place Dec. 7 in Fayetteville. WRAL's Gilbert Baez was the first reporter to tell the story of Moses Mathis, the "bicycle man," in 1990.


1,000 bikes for kids: Bicycle giveaway returns to Fayetteville this December

A tractor-trailer fire on Monday closed the southbound lanes of Interstate 87 for several hours in Wake County.



I-87 reopens in Wake County after tractor-trailer fire, thick smoke stops drivers

Crash closes I-87 South near Smithfield Road in Wake County

After failing to stop at the intersection's stop sign, the SUV hit a ditch and went airborne, colliding with a tree. No one was wearing a seatbelt at the time of the crash. Unfortunately, Emily Rosario Diaz, 24, and Sade Nadia Tomlinson, 23, were killed.

 Johnston Co. crash: Woman was half a mile from home when she drove past stop sign at 70 mph, crashed with 6 children in SUV

Car crash in Johnston County on Government Road

More details are coming to light following the resignation of one Pee Dee town's entire police force.

A South Carolina town's entire police force has resigned

McColl Police Department.

A 23-year-old is charged in a Sunday shooting that left a 17-year-old hospitalized in Wilson.


17-year-old shot in thigh in Wilson, man charged with attempted murder

Kameron Michael Farmer, 23, of Wilson

Ndustrial's Turkey Tracker reveals the environmental impact of Thanksgiving turkeys, from farm to table. By exposing carbon emissions from transportation and refrigeration, it highlights ways for consumers and businesses to make more sustainable choices.

Turkey tracker: The hidden carbon costs of your Thanksgiving meal

Ndustrial's Turkey Tracker reveals the environmental impact of Thanksgiving turkeys, from farm to table.

NC State has hired a firm to consider potential corporate partners. The move comes as athletic departments are expected to be able to share revenues with athletes.


NC State explores selling naming rights to Carter-Finley Stadium

Mr. Wuf

Monday, Nov. 25, 2024 -- If you want to see women flying high, dominating the landscape and unmasking a fake wizard, see "Wicked."

COLUMN: Trump - protector of women, or predators?

Donald Trump at MikeTyson-Jake Paul Match

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The games on Monday and Friday will be simulcast on broadcast television.

Carolina Hurricanes games during Thanksgiving week to air on FOX 50, WRAL

Two Carolina Hurricanes games will - Tuesday, Nov. 25, and Friday, Nov. 29 - will be simulcast on broadcast television.

What's open and closed on Thanksgiving? Check out the list of store hours updated for 2024 in case you need to do some last minute shopping.



What's open and closed on Thanksgiving? Grocery and retail hours for 2024

Target

A record-breaking number of more than two million North Carolinians are expected to travel this Thanksgiving, as reported by AAA.

Thanksgiving storms could disrupt millions of travelers in NC this week

Travel, traveling, RDU, airport, delays 

Discover over 75 exciting events happening across North Carolina this December, perfect for family outings and holiday cheer.


75+ events in NC to enjoy in December

Christmas tree photo

Four central North Carolina organizations will perform in this year's Macy's Thanksgiving Day Parade.

NC performers ready to shine at Macy's Thanksgiving Day Parade in NYC

Four central North Carolina organizations will perform in Thursday's Macy's Thanksgiving Day Parade. 

Each year, there are a few holiday pop-up bars that take Christmas cheer to a new level. Here is a list of ones in the Raleigh area the check out this holiday season. 

Pop-up bars bring holiday cheer in the Triangle 

Tinsel Tavern

Don't Miss It

The original organizer of the state's Moral Monday protests a decade ago says it's time to bring them back to protest a bill he says is a power grab disguised as a disaster relief measure. State lawmakers approved the measure last week, but Gov. Roy Cooper is expected to veto it.

Moral Monday protests to return to NC legislature in December

Fayetteville program continues providing hundreds of bikes to children

Bike Giveaway Program

Extreme weather snags travel ahead of Thanksgiving

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Truck crashes as Florida police make chaotic arrest

On cam: Mega church pastor has health scare on stage

Watch Canes vs Stars Monday night at 7 on FOX 50

Video Central

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Local News

Dreamville Fest 2025: Dates announced for April festival in Raleigh

Hardimont Road in Raleigh closed Monday for sewer repairs

2024 Raleigh Christmas Parade: A festive showcase of floats, bands and Santa Claus

Lawmakers press Pentagon to re-ground Ospreys until safety issues can be addressed

Nation/World

Biden opens final White House holiday season with turkey pardons and first lady gets Christmas tree

Donald Trump Jr. emerges as a political force of his own as he helps his father launch a second term

What's blocking a ceasefire between Israel and Hezbollah?

French mass rape trial prosecutors demand maximum sentence for GisÃ¨le Pelicot's ex-husband

Lucky Tree is opening a second location in downtown Raleigh's Moore Square and more news for local foodies!


Foodie News: New coffee spot downtown, Flight Deck opens in Raleigh

Iced coffee with cream

Three headliners announced for Charlotte's 2025 Lovin' Life Music Fest

no doubt-50

Ice cream awards: Two Roosters, Andia's win big in national flavor contest

Indoor plants will warm your heart during winter months. Here's how to get started.

Houseplants

Downtown Raleigh to offer free two-hour parking for limited time starting Friday

Eating outside in downtown Raleigh. 

Out & About

Fact check: No, ballots counted after Election Day don't mean elections were stolen

Politifact

Fact check: Pelosi says fewer migrants came in under Biden than Trump

Fact check: Are humans better at counting ballots than machines?

Fact check: No, Elon Musk's Starlink wasn't used to rig the 2024 presidential election for Trump

Fact check: Do North Carolina officials 'keep' children of Helene victims who can't find shelter?

The surprising impact of North Carolina's new voter ID law

NC Capitol

How they voted: NC congressional votes for the week ending Nov. 21

New NC SBI director speaks with WRAL in first interview on the job

CNN wants the North Carolina lieutenant governor's defamation lawsuit against it thrown out

New director of North Carolina State Bureau of Investigation named

NC teacher choked and sat on son with unique needs, parents say

Education

Former Saint Augustine's track coach, alumni group hold event raising money for university

Durham Public Schools to begin rotational bus services

School bus driver shortage: Durham parents must drive students to school 1 day per week in December

UNC student cloned key fobs to gain access to prohibited spaces on campus, police say

Grieving mother says simple fix could have saved daughters' lives in tractor-trailer crash

WRAL In Depth

What is D.O.G.E, and how much power will it have?

Amid Supreme Court recount, NC elections board approves plan for reviewing 60,000 contested ballots

Immigration enforcement changes, $463.5M for private-school vouchers now law after NC Senate override

Parents would know sooner when their child's class is taught by a sub under Wake proposal

Others may think it's time for Mack Brown to retire. But he doesn't.

WRALSportsFan

Panthers Playbook: Bryce Young shines in loss to Chiefs

AP Top 25: Duke rises to No. 11 before  game vs. No. 1 Kansas, UNC falls to No. 12

Canes activate Jarvis from IR, recall Perets from Chicago 

Watch List: 125 of the top returning girls track & field athletes 

HighSchoolOT

Watch List: 90 boys indoor track & field athletes to know for this year

Statewide Girls Basketball Top 25: Several changes after a full week of play

HighSchoolOT's latest regional Top 15 rankings for girls basketball

Statewide Boys Basketball Top 25: Concord Academy, Mount Tabor, & Holly Springs join

After a fraudulent deed was filed on a $4 million home, 5 On Your Side's exclusive interview revealed holes in state law that make it possible. Plus, the surprise caught on surveillance cameras.


5 On Your Side reveals holes in state law that every homeowner needs to see

Woman tries to claim a home as her own. 5 On Your Side reveals holes in state law that every homeowner needs to see

The proposed $1-billion development around Raleigh's Lenovo Center and other public and private investments may finally make good on the surrounding area's potential.

Why Hurricanes' redevelopment is the jumpstart west Raleigh has been waiting for

Carolina Hurricanes left wing Juha Jaaska (54) celebrates his goal during the first period of a preseason NHL hockey game against the Florida Panthers, Saturday, Sept. 28, 2024, in Sunrise, Fla. (AP Photo/Marta Lavandier)

President-elect Donald Trump has signaled a shift toward deregulation in climate and environmental policy, nominating former Rep. Lee Zeldin to lead the EPA. Critics warn this approach could hinder efforts to address intensifying climate challenges and extreme weather events.

Trump's agenda points to deregulation in climate policy

Donald Trump and Lee Zeldin. Photos courtesy of NBC News.

Laura Hogshead is no longer employed by the North Carolina Department of Public Safety. She had held her role as the head of ReBuild NC since late 2018.

North Carolina's hurricane rebuilding director out of a job

Laura Hogshead

New research reveals that climate change is intensifying Atlantic hurricanes, with significant implications for communities along the East Coast and beyond.

Stronger storms fueled by warming oceans, study shows

Every day on our roads, lives are lost in crashes with tractor trailers that could be preventable. WRAL Investigates why a proven lifesaving device isn't required for trucks in North Carolina



 WRAL Investigates why a lifesaving device isn't required for trucks in NC

WRAL Specialists

5 On Your Side Restaurant ratings: Pure Vegan Cafe, Randy's Pizza and Chanello's Pizza 

Hyundai, Kia recall over 208,000 electric vehicles to fix problem that can cause loss of power

Watch out for high interest rates on store-branded credit cards

Food Lion fixes coupon error after 5 On Your Side questions

5 On Your Side

Man pleads guilty for stealing Covid relief funds

Highest-ranking Blood gang member in NC used status to get sex, drugs in jail, prosecutor says

No. 1 Blood in North Carolina: Prosecutors say alleged murderer impregnated two Durham jail workers

Family members identify person shot by Durham officer as 16-year-old

Investigations

AI boom helps Bristles app flourish

Donald Thompson: Frequent, authentic recognition a cost-effective strategy for employee engagement

SIG supplies location data to improve emergency response

Grace Ueng: Facing the music, feedback as a gift

WRAL TechWire

Eggs are available -- but pricier -- as the holiday baking season begins

Workers at Charlotte airport, an American Airlines hub, go on strike during Thanksgiving travel week

Israeli cabinet sanctions country's oldest newspaper over critical coverage and publisher's comments

Judge in Alex Jones' bankruptcy case orders new hearing on The Onion's bid for Infowars

Business

Powerball

Mega Millions

Cash 5

Go Ask Dad: Thankful for the cringe

Family

Photos: 80th Raleigh Christmas Parade

Dementia care: Music evoked moments

Family-tested gifts for kids from 0 to 12+

Wake County Schools to consider new substitute teacher policy Wednesday

Walmart Black Friday is LIVE NOW for everyone and we have a list of the best deals!

SmartShopper

Amazon Black Friday is LIVE NOW: See the long list of top deals for everyone on your gift list!

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