Sale of conserved NC seaside tract prompts new law
Published: July 16, 2010
COROLLA, N.C. (AP) - One of North Carolina's most powerful politicians wants to stop the sale of land that has received conservation tax breaks.
The Virginian-Pilot of Norfolk, Va., reported Friday that Senate leader Marc Basnight acted after the conservation group Audubon decided to sell an oceanfront tract.
The Dare County Democrat pushed legislation through the General Assembly last week that prevents the sale of land donated for conservation that has received state tax breaks.
Audubon plans to sell nearly 13 seaside acres in Corolla to a developer building a hotel, shops, and condominiums. The property has become surrounded by homes, a hotel and a drive-in restaurant.
Audubon officials said proceeds would help maintain its 2,600 acres on Currituck Sound.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
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