Print
Government

New Hanover County In Midst Of Developing Another New Business Park

By Johanna F. Still, posted Sep 29, 2022
New Hanover County is in the process of planning a business park off Holly Shelter Road. (Map courtesy of New Hanover County)
Though land is limited and industrially zoned property is scarcer yet, New Hanover County is in the process of developing not just one, but two business parks in the northern end of the county. 

Commissioners will consider an agreement at their Monday board meeting that entails the creation of a new business park on Holly Shelter Road, roughly 4.5-miles from another county business park under development on Blue Clay Road. Water and sewer infrastructure should be installed in the Blue Clay Business Park by early 2023, a county spokesperson said earlier this month. 

The new Holly Shelter Business Park could get kickstarted by a 50-acre land donation from Sidbury Land & Timber LLC, an entity overseen by Cameron Management. 

Monday, commissioners will consider granting Wilmington Business Development (WBD) $145,000 to fund and manage a master study plan for the proposed Holly Shelter Business Park. WBD declined to comment on the proposal until after the Monday vote. 

Earlier this month, commissioners approved an agreement with Cape Fear Public Utility Authority (CFPUA) regarding the installation of water and sewer infrastructure in various areas of northern New Hanover County. The vicinity of the proposed business park on Holly Shelter Road was included in that interlocal agreement, whereby the county committed to spend the estimated $23.5 million it could cost to install infrastructure in the five areas identified. 

“Thanks to our active partnerships with entities like Wilmington Business Development, along with the Commissioners’ continued focus on elevating and enhancing economic development in our county, we are fortunate to be able to bring these types of projects up for consideration,” assistant county manager Lisa Wurtzbacher said in a statement Thursday. “As a staff, our goal remains to create conditions that foster economic growth in New Hanover County and we’re excited to see what opportunities this business park could provide for our community.”

In the proposed agreement with Sidbury Land & Timber, the county will pay $8.4 million to construct and install water and sewer mains and fire hydrants along Holly Shelter Road. This amount has already been approved by commissioners via the $23.5-million deal with CFPUA, according to a county spokesperson. 

If the county and CFPUA fail to install the infrastructure on-site by June 2026, Sidbury Land & Timber may terminate the agreement. The county may not record the deed and associated filings until the utilities are operational, the draft agreement states. Binding construction documents for the infrastructure installation must be in place by January 2025. 

Design work on the previously agreed upon $23.5-million infrastructure project should be completed next year and infrastructure is expected to be operational by summer 2026, according to the interlocal agreement.

Though New Hanover County does not oversee or maintain roads, it will “use its best efforts,” per the draft agreement, to have the N.C. Department of Transportation install road improvements or traffic updates associated with the development of a business park within three years. Within three years of the park utilities being completed, the county must also install a paved public access street. 

Asked for an estimated cost for the public access road, a county spokesperson said more information about the street would be gleaned from the WBD-coordinated master plan study. 

The value of the 50 acres, located near a Duke Energy office on Holly Shelter Road, is $900,000, according to an estimate from the county tax office. 

Sidbury Land & Timber owns more than 1,900 acres in this area, according to county tax records. 

As part of the arrangement with Sidbury Land & Timber, the county will have the option to purchase 200 adjacent acres in at least 50-acre increments. The county may purchase the first 50 acres at 80% of a final appraised value. This option agreement will last 20 years. 

Sidbury Land & Timber may construct an industrial building or warehouse on land included in the county’s 200-acre option area. A representative for Cameron Management could not be reached for comment. 

Update: This article has been updated to include additional information provided by the county. 
Ico insights

INSIGHTS

SPONSORS' CONTENT
Burrus rob headshot 300x300

Creating Our Very Own Supply Chain of Specialists

Robert Burrus - Cameron School of Business - UNC-Wilmington
Ubs chadpearson headshotresized

The Three Dimensions Of Selling Your Business

Chad Pearson - UBS Decision Point Wealth Consulting
Dane

A Simple Approach To Difficult Conversations

Dane Scalise - GriffinEstep Benefit Group

Trending News

Auction Set For 'one-of-a-kind' Wrightsville Beach Home, Priced At Nearly $14M

Cece Nunn - Dec 2, 2022

Live Oak Bancshares Announces Upcoming Switch To NYSE

Jenny Callison - Dec 2, 2022

Film Festivals Make A Comeback

Laura Moore - Dec 2, 2022

UNCW Prepares To Launch Online Supply Chain Master's Degree

Johanna F. Still - Dec 2, 2022

Retirement U-Turn

Jenny Callison - Dec 2, 2022

In The Current Issue

FILM FOCUS: Moving Needle Of Moving Pictures

"The heart of our company is we create content that inspires and moves the needle forward. We produce branded entertainment documentaries, n...


Film Festivals Make A Comeback

Area film festivals took a hit when the COVID pandemic was at its peak, but their organizers expect lessons they learned about the importanc...


Back To School At Any Age

Amy Keith returned to UNCW in 2009, this time as a program coordinator at OLLI, which focuses on lifelong learning for people 50 and older....

Book On Business

The 2022 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100