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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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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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North Carolina treasurer asks private owner to gift ferry system to public

North Carolina treasurer asks private owner to gift ferry system to public
wataugademocrat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wataugademocrat.com Daily Mail and Mail on Sunday newspapers.

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State Treasurer asks owners to donate the Bald Head Island ferry system

State Treasurer asks owners to donate the Bald Head Island ferry system
North Carolinaâs State Treasurer has asked the owners of the ferry between Southport and Bald Head Island to give the entire ferry system to the Village of Bald Head Island or the Bald Head Island Transportation Authority (BHITA).
By WECT Staff | December 23, 2020 at 4:21 PM EST - Updated December 23 at 4:21 PM
RALEIGH, N.C. (WECT) - North Carolinaâs State Treasurer has asked the owners of the ferry between Southport and Bald Head Island to give the entire ferry system to the Village of Bald Head Island or the Bald Head Island Transportation Authority (BHITA). ....

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