Canes' practice rink foreclosed upon

Staff WriterMay 17, 2011 

RecZone, the Raleigh ice rink where the Carolina Hurricanes practice, has been foreclosed upon and could close its doors as early as next month.

BB&T Bank took back the property Friday, said John Biedermann, whose family had owned the facility since 2000.

"We're supposed to be out of there by June 15," he said. "By June 15, they're going to decide whether there's ice in there or not."

BB&T issued a statement saying the future of the property has not been determined.

"If the property in question was foreclosed on Friday, it is premature for us to say what our intentions are," said David White, a company spokesman. "A decision will be made in the immediate future."

Biedermann said BB&T appointed Liberty Solutions of Charlotte to manage the property.

"Hopefully, someone will step up and BB&T will keep it open because we definitely need the ice in town," he said. "I'm still trying to find out what they have in mind."

Biedermann said the foreclosure was caused by financial problems incurred by his other business, Biedermann Manufacturing Industries.

That company, which makes parts for the utility meters on the sides of houses, filed for Chapter 11 Bankruptcy in November. Biedermann Manufacturing owed BB&T $824,000, according to its bankruptcy filing.

The company also was the guarantor on a $3.3 million loan that BB&T provided to Four Boys LLC, the entity that owned RecZone. When Biedermann Manufacturing filed for bankruptcy, BB&T called the RecZone loan.

The 11-acre site includes an ice rink, an outdoor street hockey rink and an outdoor lacrosse field.

In addition to being the practice rink for the Hurricanes, RecZone is the home of N.C. State University's club hockey program, youth and adult hockey leagues, and some figure skating.

"There's a lot of people that are going to be displaced," Biedermann said. or 919-829-4548

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