Record #:

43543

Author(s):

Rakestraw, Emory

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.

Source:

Business North Carolina (NoCar HF 5001 B8x), Vol. 42 Issue 10, October 2022, p16-17 Periodical Website

Subject(s):

Project Grace--Wilmington--redevelopment; Wilmington--redevelopment; Local government--Finance; New Hanover County--redevelopment--finances