CHARLOTTE, NC — Governor McCrory’s office announced Friday that the state has accepted three offers totaling $12.6 million for properties included in the Project Phoenix Initiative.
The initiative’s goal is to turn underutilized state properties into more productive and efficient areas.
โThe sale of these properties marks significant progress for our Project Phoenix initiative to unload costly, underused state property and return money to the taxpayers,โ Governor McCrory said. โNot only will the sale of these inefficient properties generate one-time revenue and save millions in operating costs, but it will also spur economic development and help revitalize our cities.โ
A release sent out Friday from the Governor’s Office outlined the three deals that were reached.
This week, the state accepted a $6 million offer for the 49-acre property that housed the former Charlotte Correctional Facility at 4100 Meadow Oak Drive in west Charlotte. The state also accepted a $4.85 million offer on the Personnel Training Center which occupies approximately 1.7 acres on Peace Street in the heart of downtown Raleigh. The final offer accepted this week was $1.75 million for the Old Steam Plant located at 210 North Dawson Street, also in downtown Raleigh.
The three offers will be up for final approval by the Council of State in December.
