a terrible deal for some poor slob, or the reson historical preservation goes wrong

these idiots want someone to give them $150,000. CASH in renovations OVER THE NEXT TWO YEARS + neg. "sweat equity" AND continual maintenance in return for a 35 year lease -- read, if you're a skilled enough renovator to even consider this, you will be out on your can at retirement age -- in a hick town no where near Charlotte, one of the towns MOST devastated by the finncial crisis, where real estate is worth JACK all to live in a house without functioning kitchen or bathrooms, and an old fashioned storage / bedroom / bathroom ratio -- which would be perfectly ordinary in CA, but happens to be in a small NC town

Preservation North Carolina is looking for a resident curator for El Nido in Shelby, one of North Carolina's most important bungalows.

Under the resident curatorship program, PNC will enter into a long-term lease with a curator/tenant who will pay rent in the form of services, specifically the rehabilitation and maintenance of the property, as well as provide periodic public access to the house.

El Nido (Spanish for "the Nest") is an extremely rare example of a Spanish Mission/California style bungalow in North Carolina. The house was built in 1921 for physician Emmett Wyattman Gibbs, his wife Maude Sams Gibbs, and their daughter Evelyn Ray Gibbs from house plans obtained from the Aurelius-Swanson Company of Oklahoma City.

The resident curator (or curators) will do all interior rehabilitation (estimated at $150,000, with tax credits available) and maintenance under a long-term lease (up to 35 years). The property may be used as a residence, business or combination; however, it must continue to provide a public benefit to the city of Shelby and state of North Carolina.

Preservation NC is accepting proposals of interest for the project through January 15, 2009. Download the complete brochure for more information.

Shelby is an attractive historic town of 21,000 located in the foothills of the Blue Ridge Mountains one hour west of Charlotte. Within walking distance of El Nido is a vibrant downtown with an array of shops and restaurants, active arts council, year-round Farmers' Market, and a city park complex with an Olympic-size swimming pool, a fully functioning 1918 Hershel Spillman Carousel, miniature train, and nine-hole golf course. Known as the "City of Pleasant Living," Shelby is home to PNC's Southwest Regional Office.

For more area information, visit www.cityofshelby.com.


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