DURHAM: City Council approves $4M incentive for high rise - WNCN: News, Weather

Durham city council approves $4M incentive for 26-story high rise

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An artist's rending of a 26-story high rise in downtown Raleigh. An artist's rending of a 26-story high rise in downtown Raleigh.
DURHAM, N.C. -

Millions of tax payer dollars will help developers fund a 26-story high rise in Durham.

Durham City Council voted 6-1 to approve a $4 million incentive package for the City Center Project. Mayor Bill Bell was the only dissenting vote.

The money will be paid over 15 years and only after construction is complete with certain benchmarks.

The building, located at Parrish and Main streets, will offer 60 percent residential space and 40 percent office and retail, including shops on the ground floor.

Development is also expected to include the repair of buildings on Parrish Street and the redevelopment of the Jack Tar Motel, expanding it from 44 rooms to 74.

Construction on the project could start in the fall.

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Derick Waller

Derick is a reporter for WNCN covering crime, education, politics and just about everything in between. He has a knack for adapting to any story and consistently delivers information quickly across multiple platforms. More>>

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