[CPEO-BIF] American-Drew Furniture Company property, North Wilkesboro, North Carolina

[Lenny Siegel <lennysiegel@gmail.com>]

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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