Posted by Debra Worley - email
WILMINGTON, NC (WECT) - The Wilmington City Council will consider what may be the biggest voluntary annexation ever.
A developer is seeking voluntary annexation of more than 1,300 acres for a mixed use development along River Road.
The Riverlights project is owned by a nationwide development company based in California called Newland Communities. The project is a planned development along the Cape Fear River of River Road.
The development would include a marina, multi and single family housing, in addition to office and retail space.
"The Riverlights voluntary annexation is another example of the city's efforts to proactively expand the tax base while ensuring quality growth in an environmentally sensitive area," said Wilmington Mayor Bill Saffo in a statement.
According to the city manager's office, the agreement being considered would provide the city with land for a public park and multi use paths, along with land or payment for the construction of a city fire station.
In exchange, the city would agree to relocate or enclose its current shooting range and take over maintenance of River Road from the state.
The city would receive a payment of $2.7 million for future road improvements as determined by the city.
The city officials will discuss the annexation during their council meeting Tuesday night.
Stay with WECT and wect.com for more details as they become available.