Local News
Durham Housing Authority Subsidiary Finalizes Golden Belt Complex Sale
Posted 2006-11-10T14:23:58+00:00 - Updated 2006-07-14T07:19:00+00:00
Development Ventures, a subsidiary of the Durham Housing Authority, has finalized the terms of the sale of the Golden Belt Manufacturing Complex to Scientific Properties.
Development Ventures' board voted 6-0 on Wednesday to approve the sale for $2.625 million. The board had granted preliminary approval recently.
Andrew Rothschild, the owner of Scientific Properties, plans to develop the former tobacco complex into a mixed-use campus for business and residential. Scientific Properties is also involved in three other projects in Durham