Page 2 - நிலை செனட்டர் மைக்கேல் லீ 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 state has already nixed a nearly-identical lease-to-own deal for the County’s government center redevelopment, and will likely do the same for Project Grace. ....

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