Home / Inside Tract / TCB awarded $1.25M from city of Charlotte for NoDa mills project

TCB awarded $1.25M from city of Charlotte for NoDa mills project

CHARLOTTE — Although it was about $1 million less than the company initially asked for, the Charlotte City Council on Monday approved giving The Community Builders $1.25 million to finish renovating two dilapidated mills in the NoDa neighborhood.

Boston-based developer TCB had asked the city for $2.3 million to convert the Johnston and Mecklenburg mills into work force housing. But it lowered the amount to $1.25 million after the council on Sept. 24 postponed a vote on whether to give $2.3 million to the company.

Related story: Millions for a mill

TCB bought the mills from the city for $1.2 million last year after participating in a public bidding process. The company later came to the city asking for $2.3 million to finish the project, saying it discovered that Mecklenburg Mill was more damaged than TCB initially thought.

Scott Baughman contributed to this report.


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