Retired Bank of Americas vice president Jim Palermo testified this afternoon about Charlotte Center City Partners.
The group is a nonprofit that receives tax money to promote downtown Charlotte.
Palermo, who was chairman of the group, said that beginning in 1998 it was looking for a location that was more visible downtown, reports Ryan Beckwith.
The group approached then Jim Black about a building he owned on Tryon Street in 1998-99.
By the summer of 2000, the group had already moved to a new location, he testified.
He also said he would not have asked a landlord for proof that he had money to make improvements.
That raises questions about Black's claim that he needed $500,000 to make improvements to his building for Center City Partners.
Under cross examination, Palermo said he had to check the date of the move with staff of the Center City Partners.
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