Board extends center’s loan
Tuesday night three of the Wake Forest commissioners voted to extend the timeline of the nearly $1-million loan to the Wireless Research Center of North Carolina to 10 years with a large balloon payment in 2026. Commissioners Brian Pate and Margaret Stinnett voted no. The board also heard that the controversial request to build seven townhouses on South Allen Road at the corner of Elm Avenue was withdrawn by developer Mark Iafrate on March 2, the day after the South Allen neighbors spoke firmly against the project and presented a petition signed by almost all the neighbors and others. A number of the neighbors were at Tuesday’s meeting because the request was part of the town board’s agenda. The loan question sparked a discussion after Commissioners Anne Reeve and Greg Harrington made and seconded a motion to approve the extension as proposed by Gerald Hayes and Larry Steffann, the center’s