Lucrative Land Deal in the Works - WECT TV6-WECT.com:News, weather & sports Wilmington, NC

Lucrative Land Deal in the Works

JUNE 14, 2005 -- Carolina Beach is close to selling a lucrative piece of land.

The town council approved the sale of some property at 313 Georgia Avenue to a developer. The price is $3.4 million.

The developer plans to build a combination of homes and businesses on the property.

Mayor Dennis Barbour points out nothing is final yet, but the town is also considering how it would spend the money.

"Our first ideas of how to use the funding is to benefit the residents of Carolina Beach by erecting a new library, a new senior center but it's a long ways and a lot of details to sort out," says Mayor Barbour.

Once final, the sale should take up to 90 days to complete.

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