Tourism Board looks to buy property; negotiate with Nags Head
At its October meeting, the Dare County Tourism Board moved forward with two initiatives.
After a closed session, the board authorized its attorney to negotiate the price and terms of a contract to purchase adjacent property at 6714 S. Croatan Hwy. in Nags Head.
The property, which is for sale, is occupied by Dairy Queen, a mini-golf and ropes course. “The current budget allows for the purchase of property,” reported the board’s steering committee.
The board affirmed its decision to complete an economic impact and site feasibility study for The Soundside Event Site. Another plan or revision of event site use needs to be in place in four years.
The board also spent time discussing the request from the Town of Nags Head about recouping the town’s money that initially helped purchase the two parcels that make up the existing site.
In September, the town’s request was referred to the board’s steering committee. That committee recommended paying back $2,366,107 by purchasing a percentage of the property as the board’s budget permits over a period of 20 years.
The board’s agents will use the recommendation as a starting point with the Town of Nags Head.
Three short-term restricted fund requests for pedestrian projects were approved. Restricted fund grants are disbursed on a matching basis not to exceed 50 percent of the actual cost. Read full article.