The crown jewel in the Wilson new urbanism remake is back in the news again:
Could Wilson’s famed Dixie Cup soon be a glass half filled?
After decades of false construction starts, shattered condo dreams, and a gathering sense of blight, the 6.6-acre former paper cup factory is now the subject of a bold – and if you believe local officials – freshly promising development plan.
Spurred by businessman Joseph Reibman, one of the property’s owners, a coalition of local interests is asking Wilson Area School District to approve a tax-abatement scheme to help jump-start a $50 million $60 million clean-up and renovation [...]
Once the site is cleaned up, the plan calls for a mixed-use commercial and residential property, with offices and one- and two-bedroom apartments.
I don’t really understand why they aren’t going with the original plan. The multi-family market is even better than it was back when they introduced the Dixie Lofts proposal.
(Thanks: Tom Coombe)