“It was actually offered to us by the ABC store. They came to us. They felt it was best to move, and they had the ability to get out of the floodplain and to a larger space, which they wanted,” said Zeb Smathers, Canton’s mayor.
Located on the corner of Main Street and Pisgah Drive right across the street from the park, the Canton ABC store sat in close proximity to the Pigeon River and was located in the floodplain. During both Tropical Storm Fred in 2021 and Hurricane Helene in 2024, the store was about as close to the epicenter of the flooding as any structure could be, and suffered tremendous damage.
After Helene hit on Sept. 27, 2024, the store never reopened and was torn down two weeks ago.
The parcel, nearly half an acre, is assessed at $340,000 but with a significant caveat — it’s practically unbuildable, due to FEMA regulations about repeated flooding. According to the purchase agreement, the town will pay $156,300 and “support the relocation of the ABC store to a more suitable location.”
Hugh Williams has served as general manager of the Canton ABC store since July 1, 2013.
“The main purpose for the ABC boards is to service the communities they are in, both county and town,” Williams said. “The situation was, the property we had being in a floodway, it’s been flooded four times in the last 20 years and twice last three years. In consultation with the town, we felt its best use would be for parking.”
The unanimous vote to purchase by Canton’s Board of Aldermen/women came a day after Canton’s ABC Board ratified the agreement on July 9.
In a typical fiscal year, Canton’s ABC store collects about $2.5 million in gross revenue, which in turn generates a substantial amount of sales tax revenue. Last fiscal year, however, the store was only open for three months. Williams said he’s looking forward to beginning construction at a new location, the former Tru-Value Hardware store at 70 New Clyde Highway, any day now. Contractors project an opening date sometime this fall.
For the town, purchasing the ABC is easy as 1, 2, 3 — and so is paying for it. Typically, the store contributes about $40,000 of its gross profits to the town’s budget on an annual basis. Per the agreement, the Canton Alcoholic Beverage Control Board will be allowed to keep up to $39,075 per year over the next four years to count toward the purchase price.
No interest on the outstanding balance will be charged to the town over those four years. If gross profits drop below the $39,075 figure, the ABC Board will cut a check to the town for the difference. If gross profits exceed that figure, the overage will go into the town’s general fund as normal. By the time the four years is up, the town will have paid off the purchase without excessive strain on its budget, without taking on any debt and with the ABC store retaining significant revenue to help with its relocation.
There are, however, four additional parcels behind the store, bordering South Main Street. Three of them, totaling nearly a third of an acre, already belong to the town. The westernmost, a tenth of an acre bordering Pisgah Drive, is owned by Jason Redd and Haley Mann and appears to be a warehouse.
Once the former ABC store becomes a parking lot, that warehouse will be one of few structures remaining near the particularly problematic intersection of the Pigeon and the Main Street bridge. Indeed, Sorrells Street Park came into being after flooding in 2004 wiped out structures there.
Moving north through the park, Canton’s old town hall and fire department are both slated for demolition, to give the Pigeon a wide berth and to give the town some flexibility in future development or mitigation strategies.
Smathers said that there was some discussion about the possibility of using the former ABC space as a food truck corral on Mondays, when most restaurants aren’t open.