Carolina Beach Buys Boardwalk Land | Wilmington News

Carolina Beach just approved a $12 million deal to buy nine prime boardwalk properties, including key spots like 3 Boardwalk and 5 Carolina Beach Ave South — all aimed at securing the heart of summer events. The town’s financing plan includes a 15-year Truist loan at 4.5% interest, backed by $2 million from reserves and room occupancy tax. Still pending approval from North Carolina’s Local Government Commission, this move could reshape the boardwalk’s future — but no timeline yet for when the commission will review it. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/8c138078309f53ff