ASHEBORO -- A water line broke under the downtown water tower in Asheboro today causing localized flooding, a sink hole and damage to a telecommunications structure. The 10-inch water main failed around midday a resulted in damage to a Verizon communications building which was located beneath the prominent water tower. Red mud covered Church Street and cleanup efforts were underway around 1pm. City crews as well as private contractors were on sight to assess and mitigate damage. The downtown water tower houses many telecommunications antennae. No major outtages have been reported. North State Journal has reached out to city officials…