[CPEO-BIF] Former WWAY News studio, Wilmington, North Carolina

[Lenny Siegel <lsiegel@cpeo.org>]

Before hotel moves in, old WWAY site could become parking
Temporary plan would let developers make income on downtown property.

By Cammie Bellamy 
Wilmington Star News (NC)
June 12, 2018

WILMINGTON -- Before developers’ grand plans for the old WWAY News studio take shape, the property might spend some time as a parking lot.

The 1.6-acre property at 615 N. Front St. served as WWAY’s home from 1969 until May. In March, the property was purchased by the eponymous 615 N. Front Street LLC, a partnership that includes Realtor and Wilmington Mayor Bill Saffo, brother Nick Saffo, father Doky Saffo and the LLC’s managing member, Robert Stockel.

The team applied in April to the state’s brownfields program, saying they hope to develop the site into a hotel, shops and apartments. Brownfield agreements protect buyers of environmentally contaminated properties from liability, making it easier to get business loans.

…

For the entire article, see
http://www.starnewsonline.com/news/20180612/before-hotel-moves-in-old-wway-site-could-become-parking

--

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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