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County Commissioners vote to move forward with Project Grace plans County Commissioners vote to move forward with Project Grace plans By Michael Praats | March 15, 2021 at 10:46 AM EDT - Updated March 15 at 12:21 PM WILMINGTON, N.C. (WECT) - After several setbacks, the New Hanover County Commissioners are once again attempting to move forward with Project Grace, a downtown redevelopment project of an entire Wilmington city block. The project has been in the works for several years and has faced several setbacks in the development process, now, the county has agreed to a Memorandum of Und...

Story Park and the downtown library. This week New Hanover County commissioners unanimously approved moving forward with Project Grace, after making a few minor tweaks. Those changes left in place the financing structure, which includes $24 million in additional costs to taxpayers in order to ensure the participation of private development. Several of the last minute changes to the Memorandum of Understanding, or MOU, between Zimmer Development Company and the county addressed concerns voiced earlier this month by the advisory boards for the Cape Fear Museum and the New Hanover County Public...

Project Grace planning, financing on agenda for New Hanover County commissioners NHC commissioners could take next step on Project Grace on Monday By Jon Evans | March 12, 2021 at 4:00 PM EST - Updated March 15 at 7:48 AM WILMINGTON, N.C. (WECT) - When New Hanover County Commissioners meet at 9:00 a.m. Monday morning, March 15, members could take a step forward in a project that could transform a county-owned block of land in downtown Wilmington called Project Grace. The block surrounded by Grace, Third, Chestnut and Second streets currently holds the downtown library and the county’s ...

WHQR's Hannah Breisinger and Ben Schachtman discuss the story. The current proposal for Project Grace, New Hanover County’s plan to redevelop the downtown library block, will cost taxpayers $90 million over 20 years in lease payments to the Zimmer Development Company. But by its own calculations, the county could save $24 million if it borrowed the money at the current low interest rates and built the project itself. The county is in a bind. Zimmer has said it will only participate if the project is a lease deal, and will walk away if the county directly funds construction. However, the sta...

Project Grace plans call for a museum and library to be joined on a downtown county-owned parcel. Private apartments will flourish too, according to an agreement between New Hanover County and Zimmer Development Company that will guide the demolition and rebuilding of various county parcels. (Port City Daily/Courtesy New Hanover County) NEW HANOVER COUNTY—Plans to demolish and reconstruct multiple county properties will be presented to the board of county commissioners March 15.  After years of evaluation and reconsideration, Project Grace is once again top of mind for New Hanover County o...