At a special IBEW Local 553 membership meeting on February 19th, 2016, major impacts to the lifeblood of our union were voted on for the year 2016. The membership of our local voted to sell our current property in favor of moving to a bigger and better hall. The current building off of U.S. 70 in Durham has been occupied by IBEW Local 553 since 1976, and this location has served us well for over 40 years. However, it has become painfully obvious that not only are we maxed out on office space, but our building is outdated and in need of extensive remodeling and renovation. The costs of these projects would likely exceed the value of the property.
Our building committee has been working to tackle these problems for many months, and their efforts have led to the only logical conclusion: it is time to move if we are to continue to adequately serve our jurisdiction. Since early December of 2015, our Local has received letters of interest from two companies, stating a desire to procure the property. As prime real estate just off of US 70, a busy local thoroughfare, several businesses had been eyeing this land for the last few years. After receiving an offer more than three times the assessed property value, the property will be sold to TRL LLC, owners of multiple Zaxby’s eateries in the Raleigh-Durham area.
In order to continue our growth as a local, the membership decided it was in the best interest of our union to to sell the property and find a newer, larger space that can accommodate all our members and the apprenticeship program, as well as a safe, clean, and modern location for our office staff. A new building will ensure that we are prepared to tackle the increasing amount of work in the Triangle and eastern North Carolina and provide a hall that our union members can be proud to call home. We expect to have acquired a new location within 6 to 9 months, and will update our address and contact info accordingly. As we look towards the final sunset of our old,venerable Union Hall, we can all revel in the glories that are sure to come in a new era for our local union.