NewsRelease

UNCG Chancellor's Residence to be Leased by PNC for Restoration
 
GREENSBORO--The former Chancellor's Residence at The University of North Carolina at Greensboro is being leased to Preservation North Carolina to allow relocation and renovation of the historic house over the next two years.

UNCG's Board of Trustees Thursday authorized Chancellor Patricia A. Sullivan and board chair Thomas R. Sloan to sign a two-year lease agreement with PNC that will commence on Oct. 1. The house will be moved down Spring Garden Street to a new location near the intersection with Kenilworth Street.

The earliest possible date for the move is Thanksgiving weekend, when UNCG's campus will be vacant. The next time window would be during semester break. The semester ends Dec. 19 with Commencement, and spring semester opens on Jan. 13.

PNC earlier sent a development agreement to UNCG, signed by its president, Myrick Howard, and developer Murray Gould of M. Gould and Associates. The agreement sets the project's total cost at $1.925 million, with UNCG agreeing to cover up to $500,000 of the cost. In the agreement, HPNC guarantees completion of the project and must provide both payment and performance bonds covering 100 percent of the project's cost.

"After a long and difficult road of conversation and negotiation, we have now found a very positive and creative way to affect the restoration and renovation of the residence into an admissions center," said UNCG Chancellor Patricia A. Sullivan. "We look forward to the end result of a wonderful new facility in about two years. We hope that Preservation North Carolina and all those who are supporters of restoration will look on this as a signature project."

J. Myrick Howard, PNC's president said: "This has been a challenging project, but I'm very happy that we have worked out the details for this agreement. This marks a great preservation victory for us and for UNCG, and it will hopefully pave the way for more campus renovation across the state. We couldn't be more pleased."

UNCG has worked with PNC over the past two years to save and renovate the house, which was built in 1923 and was designed by noted architect Harry Barton and is considered a good example of his work.

PNC has proposed that the house be turned into an admissions and visitors center, to be named for the late Emily Harris Preyer and Jane Harris Armfield, two sisters who were UNCG alumnae and civic leaders in Greensboro.

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