N.C. County Considers P3 Arrangement for Redeveloping City Block

New Hanover County is considering four scenarios for how to redevelop a block of property that it owns in downtown Wilmington, N.C.

Apartments/condominiums, a retail/office complex and a new library building are among the options for a public-private partnership arrangement, which could range in cost from $76 million to more than $120 million.

The options resulted from the county’s contract with Wilmington Downtown Inc. and Benchmark Planning of Charlotte to create a study, site analysis and potential redevelopment scenarios.

“Urban renewal is occurring throughout the country in many major downtowns, and Wilmington is no exception,” said Jennifer Rigby, strategy and policy coordinator for New Hanover County.

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