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Committee recommends Eastland property sale to CMS
By: David Dykes//March 24, 2016//
Listen to this articleA 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.
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