Page 12 - Zimmer Development News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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...

Listen to the story here. Project Grace is New Hanover County’s redevelopment project for the downtown library block. Ahead of a vote by county commissioners, representatives of the Cape Fear Museum and the New Hanover County Library are weighing in on changes they’d like to see to the current plan. Late last week, the chairs of advisory boards for the museum and library both sent letters to the board of commissioners; the chairs have laid out a number of key changes and additions they’d like to see to the Memorandum of Understanding, or MOU, between the county and the Zimmer Developmen...

By Cece Nunn, posted Feb 22, 2021 A virtual community roundtable Tuesday will focus on Project Grace, a $107 million project that would transform a New Hanover County-owned block in downtown Wilmington into new public and private facilities. Wilmington Downtown Inc. President and CEO Holly Childs will share the current vision and next steps with panelists who include:   Dane Scalise, WDI Board Chair Jennifer Rigby, Chief Strategy Officer, New Hanover County Adam Tucker, Director of Development, Zimmer Development Company Chris Boney, Chief Relationships Officer, LS3P Natali...

By Cece Nunn, posted Jan 28, 2021 The proposed redevelopment of the county-owned block that contains the New Hanover County Public Library main branch and other features is progressing. (File photo) A redevelopment of a county-owned block in downtown Wilmington could be on its way to becoming a reality as county officials and the developer continue to work on a potential agreement. Referred to as Project Grace, the transformation of the property bordered by Grace, Third, Chestnut and Second streets could include a new library, Cape Fear Museum, city of Wilmington offices and ...