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WILMINGTON, NC (WWAY) — The NCDOT and a developer that wants to build a new retail center on Market Street in Porters Neck will hold a public meeting later this month.

Paramount Development Corporation and the DOT will host the meeting Thursday, May 23, to discuss the proposed Market Street improvements between the Marsh Oaks/Mendenhall Drive intersection and the Porters Neck Road intersection.

The meeting will be 5 to 7 p.m. in the David Paynter Assembly Room of the Northeast Regional Library at 1241 Military Cutoff Road. NCDOT representatives will be available to discuss the project and answer questions and receive comments about the proposed project.

Paramount Development Corporation is working with NCDOT to make the improvements to Market Street, according to a DOT news release. The DOT says the improvements are consistent with those recommended in the Market Street Corridor Study commissioned by the Wilmington Metropolitan Planning Organization between 2008 and 2010 and later adopted by the New Hanover County Commission in 2011.

During the proposed construction, crews plan to install additional new traffic signals, turn lanes and medians, and construct a new intersection at the State Employees Credit Union. In addition, crews will coordinate signal phasing. The NCDOT and Paramount anticipate that construction will begin in the spring of 2014 and be completed by early summer 2014.

The purpose of the project is to improve traffic flow and safety on Market Street.

This is the second of two upcoming meetings for Paramount Development. The developer will host a community open house Monday at the Northeast Library from 5 to 7 p.m. with Walmart to discuss the plans for the retail center and a Walmart Supercenter planned for it.

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2 Comments on "Developer, DOT to hold public meeting for Market Street plans"

2015 years 10 months ago

So it must be bad.
Of course when you’re talking “the big picture” this cracks me up.
Here are the U.S. banks (too big to fail) FIGHTING what THEY perceive as over regulation.
Then WalMart says they might want to get into banking – and what do our too big to fail banks say WalMart needs?
More regulation and oversight:

“The council urged the Fed to consider limiting payment-related services like prepaid cards to “regulated banking institutions” or to step up regulation of that business. It also suggested the government unleash the Consumer Financial Protection Bureau, created by the 2010 Dodd-Frank law, on nonbank companies like Wal-Mart that provide financial services.

Banks are becoming a fairly regular opponent of Wal-Mart and haven’t been shy about teaming up with some of the chain’s other enemies to block expansion onto their turf. In 2005, banks joined labor unions and community groups to oppose Wal-Mart’s application to open a limited-service bank based in Utah. The retailer eventually abandoned that plan.

In 2011, banks asked the consumer bureau to consider Wal-Mart as a “larger participant” in financial services, which would lead to direct oversight.”

Yah gotta love the banks


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2015 years 10 months ago

Sounds just like General Electric also ;-)


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