Oak Island agrees to hold off on assessing residents fees for beach nourishment Oak Island residents get temporary reprieve from cost of beach renourishment By Michael Praats | April 23, 2021 at 3:53 PM EDT - Updated April 23 at 8:25 PM OAK ISLAND, N.C. (WECT) - The Town of Oak Island, like other coastal towns, has been struggling with beach nourishment funding. Recently, the town decided on an option to charge residents of the beach town to split the $40 million price tag; however, on Thursday, town officials agreed to postpone assessing any fees, and explore all other options. The multimillion-dollar project will be put on hold until January but taxpayers are not out of the woods yet, unless other funding for the project is secured, property owners could be facing steep fees to pay for the sand.