Chris Coudriet

2 weeks ago | wilmingtonbiz.com | Cece Nunn |Jessie Powell |Chris Coudriet |Tully Ryan

The New Hanover Community Endowment has granted $1.6 million to New Hanover County amid county budget talks centered around whether to increase taxes or not in the next fiscal year. It's the same amount that could have been allocated to nonprofits through the county budget, coming from county coffers, in budget proposals this year.

3 weeks ago | wilmingtonbiz.com | Emma Dill |Tully Ryan |Amy Sullivan |Chris Coudriet

Wilmington leaders adopted a first reading of the city’s budget on Tuesday, which includes thousands of dollars in funding for local economic development initiatives and incentives. The budget, which totals over $306 million, was adopted through a series of ordinances by the Wilmington City Council on Tuesday. It will come before the council for a second reading on June 17 and, if adopted, would go into effect on July 1.

1 month ago | wilmingtonbiz.com | Cece Nunn |Girard Newkirk |Jordan Cain |Chris Coudriet

New Hanover County commissioners want the county's staff to crunch their numbers again after hearing a recommended tax rate for the next fiscal year’s budget on Monday. The $488.5 million New Hanover County budget presented to commissioners Monday morning as a recommendation includes a 10-cent property tax rate cut, from the current 45 cents to 35 cents. Because of the tax revaluation the county performed this year, the lower rate doesn’t equate to lower tax bills.

1 month ago | wilmingtonbiz.com | Cece Nunn |Jane Morrow |Chris Coudriet |Jennifer Adams

Investors recently paid more than $2.5 million for property in Wilmington that comes with government approvals for a 61-unit residential development. Bradley Heights – a “cottage courtyard” housing project planned on a little over 7 acres off Oleander Drive and Peiffer Avenue – was at one time set to hold rental units. But the rental plan has changed.