[CPEO-BIF] Walmart project, Morganton, North Carolina

[Lenny Siegel <lsiegel@cpeo.org>]

Developer ironing out new Walmart project

By Julie n. Chang
Morganton News Herald (NC)
May 26, 2011

Plans for a Walmart Supercenter shopping complex are moving forward  
as the developer has filed a brownfields agreement with the North  
Carolina Department of Environmental and Natural Resources and opened  
public comments.

Morganton Retail Investment, LLC, filed the agreement pertaining to  
properties at 500 Hopewell Road and 400 Henredon Drive, the location  
of the vacant Henredon Furniture Plant.

WRS, Inc. manages Morganton Retail Investment. The public has 30 days  
from Friday to comment on the brownfields agreement.

The North Carolina Brownfields Program allows prospective developers  
of brownfield sites (where environmental contamination hinders  
redevelopment) to negotiate an agreement that would define activities  
needed to make the site suitable for reuse. This does not penalize  
the developer, who may not be responsible for contaminating a site,  
and does not require the developer to clean up the site to regulatory  
standards.

 
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