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OAK ISLAND, NC (WWAY) — The funding needed for the rebuilding of the Oak Island Pier continues to roll in.

The town council voted at their meeting Tuesday night to approve a new $1.5 million grant.

Hurricane Matthew caused extensive damage to the pier and inspections by Oak Island’s insurance company, consulting engineers and FEMA concluded that the rest of the pier should be condemned.

It will be demolished and a new pier will be built in its place.

The grant approved at the meeting is coming from the Golden Leaf Foundation.

The town already got a $300,000 grant from CAMA and expects $760,000 in reimbursement from FEMA.

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