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Oak Island Places Bid on Yaupon Pier

By Peter Biello

Wilmington, NC – Oak Island's Yaupon Pier is up for sale, and town officials want to protect it from developers.

Yaupon Pier is one of seventeen properties at the center of a legal dispute within the Cape Fear Trading Group, the company that owns the land.

Last month a judge ordered all seventeen properties sold. Oak Island Mayor Johnie Vereen says the town offered to buy it for $1.9 million. He says he doesn't want to a piece of the town's heritage to disappear.

Sometimes government sits around and watches this stuff go by the wayside. The developers are buying up the whole coast. We're going to wake up one day and there's not going to be anything. So if we don't take some action now, we're going to lose it, and they're not going to build another pier there, I can tell you that.

A judge will decide by the end of the week which bid for the Yaupon pier will be accepted.

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