Wilmington officials vote to explore buying downtown PPD building
Buying the 12-story building and its surrounding campus could help address the city's space and parking needs, leaders say.
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Buying the 12-story building and its surrounding campus could help address the city's space and parking needs, leaders say.
Next week, City Council will vote on whether to put down a refundable $500,000 deposit and enter a 120-day period to consider the pros and cons of the purchase. Officials say the purchase is a bargain based on the appraised value of the property — although there are also potential drawbacks.
Wilmington leaders will consider putting down a deposit on the property next week.
Four months after the potential sale of the PPD building was announced, the future of the iconic structure is still in flux.