Fayetteville to buy flood-prone property
The city is buying a $1.39 million West End condo on Interstate 49, east of Interstate 49 and west of Weddington Drive, to turn into green space for flood control. The August local council. When the land becomes available for the City of 16, Mayor Lionel Jordan approved the contract to be signed. The city will buy the property from John Cloyd and his limited partnership. At the time of the board meeting, the land was under contract to another potential buyer. The buyer asked for an extension, but Cloyd refused. Cloyd accepted the city's offer this week. The original price was $1.4 million. Now, after both sides sign off, the city will commission the land survey, said staff engineer Alan Pugh. He said he still has 90 days for due diligence before the contract expires. The 49-unit, four-building complex experienced severe flooding in April 2017 and May of this year. Water rose several meters above the ground and entered the facility, causing significant damage to buildings, tenant p