[CPEO-BIF] Sawmill Point Marina property, Wilmington, North Carolina

[Lenny Siegel <lennysiegel@gmail.com>]

City has option to buy property for stadium


By Julian March
Wilmington Start-News (NC)
October 29, 2012

The city of Wilmington has finalized a land deal that would allow the  
city to pay $5.2 million for a downtown property to build a baseball  
stadium.

If voters approve a Nov. 6 referendum to spend $37 million on a minor  
league baseball stadium, the agreement would allow the city to move  
forward with purchasing the downtown property.

The agreement indicates the city would spend $5.2 million for the  
roughly 8-acre Sawmill Point Marina property, which is at the corner  
of Cowan Street and the Isabel Holmes Bridge. In August, an earlier  
draft agreement indicated the city would pay $4.5 million for the  
property. County records show the property sold to Sawmill Point  
Investors LLC in July for $3.6 million.

...

For the entire article, see
http://www.starnewsonline.com/article/20121029/ARTICLES/ 
121029644/1177?Title=City-has-option-to-buy-property-for-stadium

You may need to copy and paste the link.

--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope Street, 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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