Police said it happened on Durham Chapel Hill Blvd. just before 9 p.m.
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A 2005 Ford Focus driven by Devin Hopkins, 41, of Durham, ran off the left side of the road. Police said he overcorrected, spun 180 degrees, slid and struck a bridge column.
Gregory Alston, 53, of Durham was pronounced dead at the scene.
A 43-year-old man was taken to the hospital with serious injuries.
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Hopkins was charged with felony death by motor vehicle and felony serious injury by vehicle.
He was placed in Durham County Jail under a $50,000 bond.
Investigators said speed and alcohol are suspected factors in the crash.