Quantcast
Home / Action Items / Committee recommends Eastland property sale to CMS

Committee recommends Eastland property sale to CMS

A key committee recommended the Charlotte City Council approve the sale of 11.4 acres of former Eastland Mall property to Charlotte-Mecklenburg Schools and rezone the land to accommodate a new school.

The council’s Economic Development and Global Competitiveness Committee on Wednesday urged that the council finalize a sales agreement and continue with the rezoning process.

The council action is expected April 25.

The Charlotte-Mecklenburg Board of Education has offered $650,000 for the 11.4 acres and will pay another $400,000 for planning, design and construction of an extension of Hollyfield Drive.

The city will reimburse the board for costs exceeding $400,000.

The board also will pay up to $488,300 for demolition and related work associated with removing a retaining wall running along the property boundary.

The city will reimburse the board for any cost overruns, based on a proposed agreement.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

 

%d bloggers like this: