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for New Hanover County--redevelopment--finances
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Abstract:
The Local Government Commission and State Treasurer Dale Folwell are presently putting the brakes on Project Grace's application over a clause that would require New Hanover County to pay the project's chief architect, Zimmer Development $2.5 million, if the commission foes not approve the submitted plans.
A public private venture, Project Grace would completely redevelop an entire blighted city block, including a library and Cape Fear Museum of History.