WINSTON-SALEM | Development Guide

[yadkin]

Practically, one must agree that wherever the Eye Institute (in Winston-Salem) is located must be acceptable since the important thing is to have it. OK, but I still think it should be new construction as promised.

On a separate, way-off subject matter, which I shall apologize for in advance as most likely will say "so what." Nevertheless, I consider it excruciatingly important.

I noticed this in Matthew's weekly post "The development team are still seeing what can be done with the building." We are not British. In the USA collective nouns do not and ought not require the plural form of a verb. We believe, and always have believed that a word representing a collection of things (for the most part - there are, of course, occasional exceptions) render that collection into a single functioning unit thereby requiring a singular verb. A team has any number of component members and while individual in every way, the individual contributions and results render the participating units of the team collectively as one unit. This is a British thing and has led to polluted usage in the USA because of the uninformed (I shall restrain from indicating uneducated) media. I once asked a "middle school teacher" from England about this and she said "I am at a loss to explain it because we don't teach it that way." Admittedly that was 20 years ago. Sorry for this diatribe and I realize this might not be the place, and so again I apologize, but I consider it important.

Surely, no one, not even the British would dare say (today) "these United States," or the "United States are" as that usage disappeared after the Civil War, and would indicate that the USA is not one country

[LPsPlease]

Originally Posted by WashingtonParker

Where is this?

Google suggests Lexington, NC.

[DCMetroRaleigh]

Is it back y’all?
https://winstonsalemskyscrapers.com/index.html

[yadkin]

Yeah, but there seems to be nothing except one rendering of the Reynolds Building - especially no forum.

[yadkin]

“Google suggests Lexington, NC.” Yes, it seems to be where I 285 begins at the bifurcation with I 85.

[wsnc62]

Originally Posted by WashingtonParker

Where is this?

Isn't this building on Main St in High Point?

[Matthew]

It's in downtown Lexington. These threads are MSA threads and metro area projects will make an occasional appearance. I try to include as much of the MSA as possible, when they have big projects.

Every-so-many-years, someone will complain about or make fun of this. My English has a small lean in the direction of British/Canadian. While many may not like correction software, it does assist me in catching West Salem Neighbourhood, so you aren't subjected to that. It doesn't catch grey, so I don't change it. There are some words I refuse to change, such as storeys, metres, or theatre. I have removed "parkade" from use in my posts, since I don't think many here will know what I'm talking about. Laneway does make it through in many of my posts and I also include the metric system in posts. Due to me, this is just the quirkiness of Winston-Salem's updates on the forum. Words can be changed, but other things are programed from youth and can be more difficult to change in middle-age. It could be worse. I say embrace the fun of Winston-Salem being different.

[WSBornNBred]

Originally Posted by zalo

Where are you seeing this....I just went on Atrium's (Carolinas Medical Center) website and under the tab "About Us" it says that Atrium Health is based in Charlotte and that it is a part of Advocate Health. It further says that it provides care in the Winston-Salem region under the name Atrium Health Wake Forest 'Baptist as well as Atrium Health Navicent and Atrium Health Floyd in Georgia and Alabama....

It's on their about us section within their careers page. My guess is that they left out Wake Forest Baptist (and that it should say "Atrium Health Wake Forest Baptist is based in Winston...")

Atrium Health is based in Winston-Salem, North Carolina and is part of Advocate Health, which is headquartered in Charlotte, North Carolina, and is the fifth-largest nonprofit health system in the United States, created from the combination of Atrium Health and Advocate Aurora Health. AHWFB is an 885-bed tertiary-care hospital in Winston-Salem – that includes Brenner Children’s Hospital, five community hospitals, more than 300 primary and specialty care locations and more than 2,700 physicians.

[LPsPlease]

Originally Posted by yadkin

“Google suggests Lexington, NC.” Yes, it seems to be where I 285 begins at the bifurcation with I 85.

Snark on, ye rolling river!

[WSBornNBred]

Here is the official announcement. It looks like fundraising is continuing. Construction is anticipated to start in 2024, but I would assume that may depend on fundraising..? And that is likely our answer at the rehab instead of new build in Phase II - they were not able to raise the funds needed to support the new construction. Which I get - there are limited dollars and many worthy causes. For example, WFU raised $2.4MM (in one day - yesterday) through their annual Day of Giving. Which is fantastic, but it's also zero-sum with other campaigns.

https://newsroom.wakehealth.edu/news-rel...h-wake-forest-baptists-new-eye-institute

Any word on whether Atrium will purchase or lease the building?

[WashingtonParker]

Here's the announcement in today's Winston-Salem Journal:

https://journalnow.com/news/local/planne...c6df.html#tracking-source=home-top-story

[Robinhood]

Originally Posted by WSBornNBred

Here is the official announcement. It looks like fundraising is continuing. Construction is anticipated to start in 2024, but I would assume that may depend on fundraising..? And that is likely our answer at the rehab instead of new build in Phase II - they were not able to raise the funds needed to support the new construction. Which I get - there are limited dollars and many worthy causes. For example, WFU raised $2.4MM (in one day - yesterday) through their annual Day of Giving. Which is fantastic, but it's also zero-sum with other campaigns.

https://newsroom.wakehealth.edu/news-rel...h-wake-forest-baptists-new-eye-institute

Any word on whether Atrium will purchase or lease the building?

I disagree that WFU or other higher ed fundraising is zero-sum with other local fundraising. Those gifts--especially on something like a giving day--are disproportionately made by alumni, parents, and other directly university-affiliated individuals who are rarely local and unlikely to be prospects for other local campaigns. If anything, university fundraising serves to relocate money from pockets in New Jersey to spending in Winston-Salem.

[WSBornNBred]

Originally Posted by Robinhood

I disagree that WFU or other higher ed fundraising is zero-sum with other local fundraising. Those gifts--especially on something like a giving day--are disproportionately made by alumni, parents, and other directly university-affiliated individuals who are rarely local and unlikely to be prospects for other local campaigns. If anything, university fundraising serves to relocate money from pockets in New Jersey to spending in Winston-Salem.

Wake shared the states where donations originated. North Carolina was the leader - by far. Granted, many likely originated from Charlotte, Raleigh, etc. However, I speak from personal experience - I donated a modest amount to Wake during the day of giving. I want to see this Eye Institue get off the ground, and likely would have contributed a similar amount yesterday when news broke they were still seeking donations, had I not donated to a Wake campaign the day prior. Not that my donation would make any difference in either campaign, but I doubt I am the only one.

https://deacsgive.wfu.edu/pages/leaderboard-29#50state

My overall point - it's likely difficult for a medical center to fundraise in a small city with limited dollars and competing campaigns. And I'm sure many view (perhaps rightfully so), a nonprofit organization like Second Harvest as more "worthy" of their dollars than a billion-dollar nonprofit medical center such as AWFBH. Sorry to get off on a tangent here. Something about Atrium asking for donation dollars here irks me. And I'm not sure why this project needs donations to get off the ground, and the tower at Hawthorne Hill, the new surgical center, etc., do not. I realize the dissonance as well in saying asking for donations irks me and also saying I almost contributed, but again, I want to see this project move forward.

[Robinhood]

I certainly hear what you're saying, and sure, there are valid concerns with limited resources in the area. But, a couple of things:

It's unsurprising that the giving day map would over-index on NC, because giving days focus on quantity of donors rather than overall giving. A big part of the rise of these giving days was the quest for larger alumni giving percentages, in part because (up until very, very recently) USNWR included alumni giving percentage in its academic ranking calculations. So breadth, not depth, was the push.

As the prevalence of these days has grown, more schools hold major gifts for giving days as a way to pad the stack. NC State, for example, has had some MASSIVE giving day totals in recent years because they strategically hold major gifts for that day. In addition, they aim for a large number of donors by encouraging faculty, staff, students, etc. to give a gift of any size. So the immediate campus community has outsized representation in the giving day, but that individual donor number is just as likely to be a sophomore who Venmo'ed five bucks to a donation link as it is to be a leadership annual or major gift.

And without knowing the specific fundraising model at Wake/Atrium, it's hard to say what gifts to the Eye Institute would support. The link says the gifts would be for the building fund, but sometimes those funds are actually used to support ongoing program, outfitting and maintenance fees for the space rather than actual construction costs.

Finally, there's still significant fundraising capacity in the region and the state. It's imperative that fundraisers for every organization are out there actively asking for support.

[WSBornNBred]

Re: the fundraising model. TBJ quoted a representative of the iQ that Atrium planned to fund 80% of the project costs with donations covering the remaining 20%. With the new build, necessary donations totaled $12-20MM. Going from memory, but fairly sure those figures are correct. I’ll check later this evening.

[Robinhood]

Originally Posted by WSBornNBred

Re: the fundraising model. TBJ quoted a representative of the iQ that Atrium planned to fund 80% of the project costs with donations covering the remaining 20%. With the new build, necessary donations totaled $12-20MM. Going from memory, but fairly sure those figures are correct. I’ll check later this evening.

Interesting. Common practice is to not announce something like that unless you've already got 50-60% of that funding secured. I'm curious about what kind of progress they've made.

[WSBornNBred]

"The majority of the funding for the eye institute will come from Atrium Health, which is investing $3.4 billion in Winston-Salem over 10 years. The remainder will be raised through a philanthropic campaign, AHWFB said today.

In 2021, AHWFB projected that the project would cost approximately $60 million, saying that Atrium would fund about 80%, or $48 million. Graydon Pleasants, former head of real estate development for IQ, said last October that the expected cost would be about $100 million to $120 million.

AHWFB told TBJ this morning that there is no update to what the projected cost is."

[LynnAikens]

Originally Posted by WSBornNBred

"The majority of the funding for the eye institute will come from Atrium Health, which is investing $3.4 billion in Winston-Salem over 10 years. The remainder will be raised through a philanthropic campaign, AHWFB said today.

In 2021, AHWFB projected that the project would cost approximately $60 million, saying that Atrium would fund about 80%, or $48 million. Graydon Pleasants, former head of real estate development for IQ, said last October that the expected cost would be about $100 million to $120 million.

AHWFB told TBJ this morning that there is no update to what the projected cost is."

I thought the $3.4 billion was their total investment including all locations and cities, not just for Winston-Salem?

[DCMetroRaleigh]

WINSTON-SALEM, N.C. (WGHP) — The Winston Cup Museum will have a new name and branding within the next 90 days, the museum announced on Facebook.

The agreement to rebrand the museum comes after a mediation with the tobacco company ITG.

https://myfox8.com/sports/nascar-motorsp...s-in-mediation-with-itg-tobacco-company/

[zalo]

Originally Posted by LynnAikens

I thought the $3.4 billion was their total investment including all locations and cities, not just for Winston-Salem?

That’s my understanding as well….The $ 3.4 billion is to be invested in projects among all WFB facilities. I think however, it will come down that the largest percentage of funds will end up in W-S proper.