Mooresville Mill Village National Register Study List Application Part 10 B. History


Seemingly overnight, an entire neighborhood went from 100% landlord owned, to 100% homeowner-occupied



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Seemingly overnight, an entire neighborhood went from 100% landlord owned, to 100% homeowner-occupied.

In 1954, Mr. Abernethy took over as President of the mill, and begin preparing for its sale to Burlington Mills. Burlington had been in acquisition mode for some time, buying several mills in the area, closing some, while maintaining others. When Burlington absorbed the mill in 1955, Mooresville Mills provided a flourishing cash cow for the textile giant, who paid the premium in a 2-to-1 stock swap.





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