Winston-Salem moves forward with LJVM Coliseum sale
WINSTON-SALEM, N.C. — Winston-Salem city officials say despite snags in Winston-Salem State University’s plans to purchase Bowman Gray Stadium, Wake Forest University’s plans to purchase the Lawrence Joel Veteran’s Memorial Coliseum are well underway.
The deal between Wake Forest and Winston-Salem should close on or by July 31.
Assistant City Manager Martha Wheelock said of the 38 city employees working at the coliseum, 36 have been reassigned to other departments and two are retiring.
“We are actually already starting to transition employees and will over next couple of weeks transition most of the employees to new positions,” Wheelock said.
Wheelock says as part of the agreement, the veterans’ memorials will remain in front of the building and the name Lawrence Joel will remain on the building, in the lobby and on the main sign out front.
City leaders say selling the Coliseum will save about $1 million a year.
Wake Forest staff will take over daily operations at the Coliseum when the sale is complete and will handle parking for events at the fairgrounds, annex and education buildings still owned by the city.
“I think both wake forest and the city are interested in a smooth transition. We are working with Wake Forest very closely to make sure the patrons and customers do not see a difference in the service or availability,” Wheelock said.