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The original item was published from 4/6/2022 8:36:19 AM to 4/24/2023 12:00:01 AM.

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Posted on: April 6, 2022

[ARCHIVED] Economic Development Public Hearing Item Scheduled

Burton_Park_Lots_Illustration-220405

The Onslow County Board of Commissioners are to hold a public hearing at their next regular meeting to consider an economic development project to be located at Burton Park and for it to provide at least 100 new jobs at above the Onslow County median wage.

If approved at the April 18, 2022 meeting, the County would enter into an agreement with Trask Land Company, Inc to allow the construction of a 50,000 square foot medical office building and three other buildings in the Park that could be home to retail or restaurant businesses.

The Onslow Board of Commissioners will consider at the meeting, economic development incentives that would equal the cost of the land to be purchased from the County if economic development conditions are met.

The public hearing would allow the public to comment on the proposal before the Commissioners consider voting on the economic development project.

The buildings are estimated to cost more than $13 million to construct and the business entities within are anticipated to create the new jobs. Commissioners will also consider selling two Burton Park tracts of land of about 16 acres total for $928,500. The County would finance the sale with annual payments of $154,750 starting in May 2026 and until the debt is paid in full.

If approved by the Onslow County Board of Commissioners, Trask Land Company, Inc would then be eligible to receive up to the cost of the land in yearly incentives equal to the payments owed the County. The incentives would be conditional to the creation of the 100 jobs paying above median wage and the company remaining current on taxes owed on the improved site.

The Commissioners’ meeting April 18 begins at 6PM in the Onslow County Government Center, 234 NW Corridor Boulevard.

TRASK Building

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