2010 CPEO Brownfields List Archive

From: Lenny Siegel <lennysiegel@gmail.com>
Date: Tue, 19 Oct 2010 20:26:03 -0700 (PDT)
Reply: cpeo-brownfields
Subject: [CPEO-BIF] American-Drew Furniture Company property, North Wilkesboro, North Carolina
 
Sale of American Drew property completed

by Charles S. Williams
Wilkes Journal Patriot (NC)
October 4, 2010

Block 46 Development, LLC, a limited liability partnership formed by Shepherd Real Estate LLC of North Wilkesboro and The Crown Companies LLC of Dobson, has completed the purchase of the former American-Drew Furniture Company property in downtown North Wilkesboro from La-Z-Boy. The sale of the 29.33 acre tract was completed this past week.

The Block 46 partners, who plan to develop the property, proceeded with the purchase after the N.C. Department of Environment and Natural Resources (NCDENR) approved a brownfields agreement for the site.

The N.C. Brownfields Program, authorized by the state statute known as the Brownfields Property Reuse Act, provides a mechanism to treat prospective developers of brownfield sites differently than the parties responsible for contaminating them. Prospective developers negotiate a brownfields agreement with the program that defines activities needed to make the site suitable for reuse, rather than cleaning up the site to regulatory standards (which responsible parties are required to do).

...

For the entire article, see
http://www.journalpatriot.com/fullstory.asp?id=2610

--


Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org



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