Moore County Connect Newsletter #158 3/20/24

Moore Co. Tackles Growing Water Supply Concerns / Holman Celebrates Centennial with Major Acquisition of Leith Automotive Group / Aberdeen Brush Fire Leads to Arrests for Dispute-Driven Arson / Wealth Advisor Nathan Cherry Insider Insight: Is Diversification Important?

March 20, 2024

Moore News More Often

In Today’s Issue…

🌤 Moore County NC Weather

📰 Moore County Tackles Growing Water Supply Concerns

📰 Holman Celebrates Centennial with Major Acquisition of Leith Automotive Group

📰 Aberdeen Brush Fire Leads to Arrests, Revealing Dispute-Driven Arson

🏀 Local High School Sports Live Stream Links

🤝 Local Business Partners

👀 Wealth Advisor Nathan Cherry Insider Insight: Is Diversification Important?

📅 Local Events

 

LOCAL NEWS SPONSOR FAIRWAY MORTGAGE

Mike Lenzini, Branch Manager

Moore County Tackles Growing Water Supply Concerns

At a recent Pinehurst Village Council meeting, concerns over Moore County's water supply were addressed, with discussions on infrastructure needs amid population growth. Moore County Public Works Director, Randy Gould, presented a study showing current water sources, demands, and alternative options for expanding the water supply. Pinehurst, being the largest customer, plays a crucial role in these plans. The county faces potential water shortages by 2029 due to expiring contracts and growing needs. Short-term solutions include new wells funded by federal aid, while long-term strategies involve costly projects like sourcing water from Carbonton. These initiatives will lead to an 11% increase in water rates next year, reflecting the significant financial and logistical challenges in ensuring a stable water supply for the county's future. See details Sandhills Sentinel.

Holman Celebrates Centennial with Major Acquisition of Leith Automotive Group

Holman, a leading provider in the global automotive services sector, has expanded its retail automotive business through the acquisition of Leith Automotive Group, adding 13 franchises and its first auction center, all situated in Raleigh and Aberdeen, NC. This landmark deal doubles Holman's dealership count to 58, spread over nine states, and is the largest in its 100-year history. Holman is recognized as one of the largest privately-owned dealership networks in the U.S. and provides a wide range of automotive services globally.

Aberdeen Brush Fire Leads to Arrests, Revealing Dispute-Driven Arson

Following a reported brush fire in Aberdeen on March 15, Sheriff Ronnie Fields announced the arrest of Caitlyn Moore and Myron Hash. The fire, deemed intentional after an investigation by sheriff’s investigators and the NC Forestry Service, led to the duo's arrest. Found with marijuana and paraphernalia, they face charges including felony setting fire to woodlands and conspiracy. The act was believed to be targeted, linked to a dispute with a neighbor. Both suspects were released on a written promise, with a court date set for March 21, 2024, in Moore County District Court. Source: Moore County Sheriff’s Office

 

Live Stream Game Links for Moore County High School Sports

Click the link and search for the game you want to see.

 

Click the logos to learn more about our Business Partners.

Local Marketing Specialist. Reach the people in the community you serve. Call 910-597-0987 to get Moore Reach and Moore Visibility.

If this were your business logo, it would be seen 11,000 times every week. Call 910-597-0987 for this spot.

 

Insider Insight with Wealth Advisor Nathan Cherry: Is Diversification Important?

Nathan Cherry, Wealth Advisor, Located at 510 NW Broad St. Southern Pines

The word diversification gets thrown around a lot. But is it really all that important for the average investor? I would suggest it is important, but maybe not in the way you think.

Most people think about various ETF’s and stocks when they think of diversification. They want to make sure they are spread across sectors with just the right allocation so they can get the most out of the market. That’s definitely one way to think about diversification.

Diversification also looks like this: liquid reserves (cash in the bank), invested assets (Roth, 401k, etc.), commodities (silver coins), real assets (rental property, commercial real estate), digital assets (Bitcoin or other crypto). When you add in a pension or Social Security you have a well-rounded portfolio with the ability to work in many different market environments. This kind of diversification hedges against many different market disruptions while creating both income and equity growth.

If you’ve never considered a different type of diversification, feel free to reach out and we can discuss it. [email protected] or 910-692-9014.

 

Are you a Moore County business owner with a story to tell? We want to feature you!

Do you have a favorite Moore County Business You Would Like to Nominate for a Spotlight?

 

Text listings with links are free!

  • March 20

    • Moore County Parks and Rec Eggcelent Adventure Egg Hunt 5-6pm. Ages 6 and Under. Moore County Sports Complex, Carthage.

  • March 21

    • Pitching Clinic 6-8pm Moore County Sports Complex Gym Guest Speaker Jim Comis.

    • Rufus Barringer Civil War Round Table 6:30pm Civic Club, Southern Pines

  • March 22

    • Friends of Aberdeen Library Open House 12Noon-6pm Location: The future home of the new Aberdeen Community Resource Center/Library, 123 Exchange St., Aberdeen. The public is invited to see the historical building and blank slate prior to resuming renovations.

  • March 23

    • Easter Egg Hunt 10:30am to 12:30pm - Cannon Park, Village of Pinehurst

    • Spring Fashion Show Fundraiser by Women of Seven Lakes 1-3pm at Chapel in the Pines, Seven Lakes. Tickets: [email protected]

    • Town of Vass Easter Egg Hunt 1pm Sandy Ramey Keith Park, Vass.

  • March 26

  • March 30

  • April 6

    • Annual Highfalls Old Time Fiddlers Convention to benefit local music education 6pm North Moore High School Auditorium Registration 4:30-6pm; $10 Admission. More Information: [email protected]

    • Painted Ponies Live Online Auction (On display on Broad St., Southern Pines)

  • April 13

  • AprIl 17

  • April 20

    • Town of Vass Spring Festival 10am-3pm Seaboard St., Vass

    • Clenny Creek Heritage Day 10am-4pm at The McClendon Cabin. History, crafts, food, and live music.

  • April 25

    • 50 Years of Fashion by Women of the Pines 11:30am-2:30pm at the Fair Barn, Pinehurst. Tickets are on sale now. Information and Tickets.

  • May 3-4

    • Town of Cameron Street Fair 9am-5pm Both Days. Rain or Shine.88