City Council Approves Contract to Acquire Dorothea Dix Property
The Raleigh City Council today unanimously approved a purchase contract to acquire the Dorothea Dix property from the State of North Carolina. The purchase price for the approximately 308-acre site is $52 million, under the agreement.
Under terms of the purchase contract:
- The State will lease back from the City approximately 109 acres for its use. Part of the leased property could be used by the State for up to 10 years and other parts for up to 25 years. The State will be responsible for all maintenance and upkeep of the leased property;
- If the City sells any of the acquired property or leases any of the parcels long term, the State will share equally in the net proceeds from the transaction. The sharing provision will be in place for no longer than 17 years;
- The City and State will develop a joint-use agreement to share parking lots and other areas for special events and for periods when the State is not using the property it can lease; and,
- The City and State will share equally, up to a maximum of $1.2 million, the cost of removing contaminated soil from a small area on the Dix site.
The North Carolina Council of State must review and approve the purchase contract in order for the deal become final. The Council of State is scheduled to vote on the agreement at its May 5 meeting.