Here's why Wilmington will pay a developer $500,000 for an alley in downtown
Wilmington City Council is likely to spend than $500,000 reimbursing a private developer for the construction of an alleyway.
The planned new alleyway in downtown Wilmington will give access to the Riverfront Park from Harnett, home of the soon-to-open Live Nation venue. The approximately 100-foot long alley will be called the Nutt Street Promenade: a tree-lined brick walkway for pedestrians to get to the park.
The vacant plot of land is currently owned by Virginia-based Kettler, and the city is planning to reimburse that developer for up to half a million dollars in building costs for the city-owned part of that alleyway.
City staff said the alley will be wide enough to accommodate food carts, which will require a permit to operate there.
The land in question is currently empty gravel, but Kettler is set to build a 5-story, mixed-use development on that plot, with two buildings connected by a sky bridge designed to emulate a railroad trestle. Construction of that development will begin in July.