Council approves funding for 3 projects, accepts reimbursement for another

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Submitted: Wed, 09/18/2013 - 3:34am
Updated: Wed, 09/18/2013 - 12:29pm

WILMINGTON, NC (WWAY) — The Wilmington City Council got to work at their Tuesday meeting covering a wide variety of items during the three and a half hour meeting.

After a brief public discuss council members unanimously passed a resolution authorizing an investment grant to Live Oak Bank.

If Live Oak Bank builds a $16 million expansion to their Wilmington offices, and adds 120 employees, the city will give them a $250,000 incentive spread out over the course of five years.

New Hanover County Commissioners voted Monday to contribute $325,000 over the same time span.

Also at the Tuesday council meeting the board unanimously approved the appropriation of $40,000 to demolish the Adrian B. Rhodes Armed Forces Reserve center on West Lake Shore Drive.

The Federal Government requires military facilities that are not used any longer to be re-developed to help the homeless.

Once they were done passing out incentive money the council voted to add a little back to the coffers.

Council members unanimously accepted close to $50,000 from an insurance company as a settlement from an accident at the Kenan Fountain.

Estimates put the damage closer to $70,000 but the drivers insurance had a $50,000 maximum.

The council also decided to keep the city’s red light cameras for another year at a cost of $480,000.

The city and New Hanover County jointly fund the program with all of the proceeds going to New Hanover County Schools.


  • Josh Fulton says:

    The red light cameras don’t make any money; they actually lose money, because the city has to pay the company that owns the cameras for every ticket given out.

    The city actually budgeted about a $250k loss for it for the last few years, so the actual story to me seems more like why has that number gone up?

  • Vog46 says:

    “Was there a reason for this exclusion WWAY?”

    Maybe the driving habits of their reporters will cover the entire cost?

    (Uh, Oh, Vog didn’t go there, did he?)


  • ChefnSurf says:

    If you’re going to tell us in a news piece that the red light cameras cost $480,000 to operate, it would seem it would be a no-brainer to also include in the article how much annual revenue is achieved from their use.

    I just can’t seem to think any reason why something as obvious as that wasn’t included in the piece.

    Was there a reason for this exclusion WWAY?

  • ChefnSurf says:

    And here I was, thinking it was just another example of lazy incomplete reporting.

    Whatever was I thinking? I feel so inadequate.


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