The $59 million sale of the Bald Head Island ferry system was set back once again this week amid lingering concerns over the deal s price tag and transparency.
In 2017, the N.C. Legislature created the Bald Head Island Transportation Authority, a public body representing Bald Head Island, Brunswick County and the City of Southport, with a goal to acquire the ferry system s privately held assets from Bald Head Island Limited LLC.
After years of negotiations, in December the authority and ferry CEO Chad Paul agreed to sell the assets including the Deep Port Marina in Southport, Bald Head Island Terminal, parking developments, and a ferry, tram, and barge for just under $48 million.
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April 1, 2021
As North Carolina continues to recover from a string of flooding and storm disasters, legislative leaders have recognized the opportunity for the state to not just recover from recent storms but to rebuild better before the next disaster.
This week, Environmental Defense Fund released a white paper [PDF] recommending four specific policy actions that would better protect residents and businesses from more severe flooding, create jobs and increase climate resilience.
These four policies will also help the state better compete for federal funding, build capacity within communities and equitably align solutions for those who are disproportionately impacted by disasters.