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Bald Head Island ferry system sale saga now faces fraud accusations

Bald Head Island ferry system sale saga now faces fraud accusations
starnewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from starnewsonline.com Daily Mail and Mail on Sunday newspapers.

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Second appraisal of ferry assets shaves about $3M off value as Bald Head seeks its own bonds

The Bald Head Island Transportation Authority is working to acquire the island’s multi-million dollar, privately-owned ferry system. (Port City Daily photo/Johanna Ferebee)
BALD HEAD ISLAND –– After heightened public scrutiny over a market value appraisal that grew infamous in the fallout between the Village of Bald Head Island and its transportation partners, a second, new appraisal report is now complete.
The new report of the island ferry assets came close to the original, a 7% total difference in appraised land value, about $2.9 million less. Deep Point Marina, located within Southport city limits, was appraised at $33 million, about $3.3 million less than the first appraisal. ....

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The Agenda: This week in local government, July 26-30

The Agenda: This week in local government, July 26-30
portcitydaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from portcitydaily.com Daily Mail and Mail on Sunday newspapers.

Bald Head Island Transportation Authority , Carolina Beach Town Council , Monday Port City Daily , Head Island Transportation Authority , Beach Town Council , Planning Board , Hanover County Commissioners , வழுக்கை தலை தீவு போக்குவரத்து அதிகாரம் , கரோலினா கடற்கரை நகரம் சபை , திங்கட்கிழமை போர்த் நகரம் தினசரி , கடற்கரை நகரம் சபை , திட்டமிடல் பலகை , ஹ்யாநவர் கவுண்டி ஆணையர்கள் ,

'Playing out the clock': Bald Head village formally initiates bond process to purchase ferry system

'Playing out the clock': Bald Head village formally initiates bond process to purchase ferry system
portcitydaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from portcitydaily.com Daily Mail and Mail on Sunday newspapers.

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Bald Head Island ferry sale delayed by $59 million cost

The $59 million sale of the Bald Head Island ferry system was set back once again this week amid lingering concerns over the deal s price tag and transparency.
In 2017, the N.C. Legislature created the Bald Head Island Transportation Authority, a public body representing Bald Head Island, Brunswick County and the City of Southport, with a goal to acquire the ferry system s privately held assets from Bald Head Island Limited LLC.
After years of negotiations, in December the authority and ferry CEO Chad Paul agreed to sell the assets including the Deep Port Marina in Southport, Bald Head Island Terminal, parking developments, and a ferry, tram, and barge for just under $48 million. ....

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