Town leaders consider major property acquisition - WECT TV6-WECT.com:News, weather & sports Wilmington, NC

Town leaders consider major property acquisition

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One city in Brunswick County is thinking about more commercial development, but it could cost taxpayers almost $1 million. One city in Brunswick County is thinking about more commercial development, but it could cost taxpayers almost $1 million.

BOILING SPRING LAKES, NC (WECT) – One city in Brunswick County is thinking about more commercial development, but it could cost taxpayers almost $1 million.

Reeves Telecom is a local company that donated more than 230 acres of land to two non-profit groups out of California, Works for Life International Ministry and Guitars in the Classroom.

The land, located near the Highway 87 corridor along the city limits has been offered to the city of Boiling Spring Lakes. Town leaders are considering it for commercial development.

However, if the proposal is approved, it would cost taxpayers approximately $930,000 in sewer assessment fees.

Mayor Craig Caster said that money would come from the town's tax base, meaning that citizens in Boiling Spring Lakes could see as much as a three cent increase in their taxes in 2015.

"There's a price tag that comes with it," said Caster. "One million dollars is a lot of money for the taxpayers to have to look at coming out of the tax base here in Boiling Spring Lakes."

Town leaders will host a public hearing on January 6, before making a decision at the next town hall meeting on January 7.

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