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Land sale, low-income units on City Council agenda

The City Council will vote Monday on whether to sell a 3.76-acre piece of land uptown. Proceeds from the $12.2 million sale would go to help pay off a $20 million loan used to build the NASCAR Hall of Fame.
The City Council will vote Monday on whether to sell a 3.76-acre piece of land uptown. Proceeds from the $12.2 million sale would go to help pay off a $20 million loan used to build the NASCAR Hall of Fame. jsiner@charlotteobserver.com

The Charlotte City Council will meet Monday to vote on selling land in uptown and to approve recommendations on which low-income housing projects to fund. The council meets at 5 p.m. at the Government Center, 600 E. Fourth Street.

Land

The city has agreed to sell 3.76 acres at Stonewall and South Caldwell streets to developer Pollack Shores Development. Under the deal, the developer would pay $12.2 million.

Proceeds from the sale would go to help pay off a $20 million loan used to build the NASCAR Hall of Fame.

Housing

Council members also will vote on whether to approve eight proposed low-income housing projects for Housing Trust Fund financing.

A council committee had previously opposed recommending funding for a proposed apartment complex, Settler’s Wood, off Harrisburg Road.

Harrison: 704-358-5160

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