File #: 20-136   
Type: Resolution (Consent) Status: Passed
File created: 3/9/2020 In control: County Attorney
On agenda: 3/24/2020 Final action: 3/24/2020
Enactment date: 3/24/2020 Enactment #: 2020-067
Title: Public Hearing - Commissioner Worley - EDC - To Authorize a Gaston County Level Three Economic Development Grant - Chronicle Mill Project (Chronicle Holdings, LLC) 1. Receive Citizen Comment 2. Accept Motion to Approve
Sponsors: Ronnie Worley
Attachments: 1. Resolution, 2. Adopted 2020-067, 3. Presentation - Chronicle Mill Project

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Public Hearing - Commissioner Worley - EDC - To Authorize a Gaston County Level Three Economic Development Grant - Chronicle Mill Project (Chronicle Holdings, LLC)

1.  Receive Citizen Comment

2.  Accept Motion to Approve

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STAFF CONTACT

Donny Hicks - Economic Development Commission - 704-825-4046

Charles Moore - County Attorney

BUDGET IMPACT
budget

 

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BUDGET ORDINANCE IMPACT

N/A

BACKGROUND

Chronicle Holdings, LLC proposes to reclaim a contaminated Brownfield site in Belmont, the Chronicle Mill, and create an adaptive reuse of this Historic Register property to include residential, commercial, retail and office space.  The development is estimated to cost approximately $43,000,000.00.  The developer requests a Level Three Incentive Grant from the County to apply after the Brownfield project tax credits expire.  This project will provide a much needed, high quality, multi-family housing option that does not exist at this time and will be attractive to people moving to the Charlotte region.  It will provide a tax revenue boost to the County and to Belmont. 

POLICY IMPACT

N/A

ATTACHMENTS

Resolution