2018 CPEO Brownfields List Archive

From: Lenny Siegel <lsiegel@cpeo.org>
Date: Tue, 15 May 2018 08:13:58 -0700 (PDT)
Reply: cpeo-brownfields
Subject: [CPEO-BIF] "Mixed use project with hotel could replace WWAY facility downtown, " Wilmington, North Carolina
 
Mixed use project with hotel could replace WWAY facility downtown

By Cece Nunn and Christina Haley O’Neal
Greater Wilmington Business Journal
May 7, 2018 

A new national chain hotel, restaurant space and apartments could be coming to downtown Wilmington property that has held a local TV station since 1969.

The WWAY facility at 615 N. Front St. could be replaced by "retail (restaurants) on Nutt Street, with hotel & apartments above," according to an application seeking a brownfields agreement that prospective developers have submitted to state officials. The project's estimated capital investment is $50 million and the size of the site is 1.7 acres, the application states.

A brownfields site is property that is abandoned, idled or underused where environmental contamination, or perceived environmental contamination, hinders redevelopment, according to the N.C. Department of Environmental Quality.  A brownfields agreement, the department says, "is designed to break environmental liability barriers that hinder a developer's ability to obtain project financing."

…

For the entire article, see
http://www.wilmingtonbiz.com/real_estate_-_commercial/2018/05/07/mixed_use_project_with_hotel_could_replace_wway_facility_downtown/17469

--

Lenny Siegel
Executive Director
Center for Public Environmental Oversight
a project of the Pacific Studies Center
P.O. Box 998, Mountain View, CA 94042
Voice/Fax: 650/961-8918 
<lsiegel@cpeo.org>
http://www.cpeo.org

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