Developer Gives N.C. State Two Oceanfront Lots

Some of the money for those scholarships is coming from the sale of two oceanfront lots at Sunset Beach worth an estimated four million dollars.

Brunswick County developer Edward Gore Sr., founder of the Ocean Ridge Plantation golf community, has turned property deeds over to the university. When the land is sold, the money will go toward scholarship programs and for environmental research on the coast.

Officials say it's one of the largest gifts to N.C. State in the last five years.

Gore says he was motivated by retired Army General Hugh Shelton's leadership initiative at N.C. State, which seeks to instruct students in values-based leadership.

Gore says he hopes the money will help restore the idea that school is an extension of church and family and keep environmental regulations from hamstringing development.