Greensboro City Council Has $4 Million to Loan

9:31 AM, Feb 24, 2012   |    comments
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Greensboro, NC -- The City of Greensboro has a $4 million loan pool available for clearing and grading big industrial projects.

The Business Journal reports the interest-free loan would be repaid once the site was sold or developed.

"Developer Roy Carroll said in October that he was interested in working with the city to secure funding to prepare a 100-acre site at Knox Road and Interstate 40 for construction, but declined to comment further at this time. There's speculation that the other two locations include a site with Rock Creek Center at Interstate 40 near Rock Creek Dairy Road that is managed by Simpson Schulman & Beard and a site adjacent to U.S. 29 near Reedy Fork Parkway owned by Reedy Fork Associates, which was formed in 2000 as a partnership between Greensboro's Starmount Co., Winston-Salem's Hubbard Realty and the D.H. Griffin family."

The Business Journal

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