![]() That usage was reportedly a prerequisite for the sale’s support by County Executive Matt Meyer, who was traveling Wednesday and could not be reached for comment on the sale. Jim Salmon, spokesman for the DRBA, said that the sale’s proceeds will be used to offset the airport’s operating expenses. subsidiary – in 1988.Īccording to the agreement of sale, Citi will pay the purchase price to the Delaware River & Bay Authority, the operating agency for the Wilmington-New Castle Airportof which the office space is technically a part. The acquisition completes ownership of Citi’s offices in New Castle, as it bought neighboring 1615-17 Brett Way – home to its Citicorp North America Inc. Last year, the bank renewed its lease at the Brandywine Building in downtown Wilmington – its logo still adorns the skyscraper’s roof – but downsized its footprint by an entire floor, Newmark reported. The sale of the property to Citibank would also return the parcel to the county’s and school district’s taxable base after long being exempt while held by the county and federal government before it.Ĭitibank officials did not reply to several requests for comment as to why they were now seeking to purchase the property and what impact it may have on its state operations. Smiley said that Citibank was also prepared to invest upward of $3 million in renovations of the office complex if they took ownership, which could potentially lead to new job growth. “ looking to solidify their footprint in the state of Delaware and New Castle County by purchasing the parcel,” explained Councilman George Smiley, who represents the New Castle-area where the property lies, during the council’s Finance Committee meeting prior to their vote. The county council unanimously approved a sale agreement for the property at their July 13 meeting. The 16-acre property located at 1 Penn’s Way is currently home to Citi’s Delaware Operations Center, the nerve center for its local offices. PROJECT GOALS: The purpose of this project was to widen and deepen the existing channel to increase flow capacity and reduce flood damages to over fifty businesses and commercial properties along Germay, Brookside and Meco Drives.Citi solidifies its footprint in Delaware with the purchase of the building it had rented from the New Castle County government for decades. Construction began in spring 2014 and was completed in November 2015. STATUS: New Castle County acquired all real estate needed for construction including two parcel easements by eminent domain. The work included removal and remediation of some minor contaminated channel and bank material. The channel was deepened 3 feet and widened to a bottom width of 30 feet for a total length of 2,170 feet. Work on the lower reach consists of widening and deepening the channel to increase flow capacity and reduce flood damages to over fifty businesses and commercial properties along Germay, Brookside and Meco Drives. The State of Delaware, Department of Natural Resources and Environmental Control (DNREC), the non-Federal sponsor for the project along with New Castle County and the New Castle Conservation District executed a PPA to construct the Lower Reach channel. The lower reach extends from the AMTRAK Railroad right of way upstream to the Delaware Route 4 (Maryland Avenue) Bridge. ![]() The Upper Reach portion of the Little Mill Creek project was completed in 2008. The project area was divided into upper and lower reaches. Several conditions contribute to the flooding problems in the project area: decades of urbanization, short duration, high intensity storms, and long duration storms. LOCATION: The project area is Little Mill Creek, a tributary of the Christina River in New Castle County, Delaware.ĭESCRIPTION: Residents and businesses along Little Mill Creek experience flooding. APPROPRIATION / PHASE: Continuing Authorities / Design and ImplementationĪUTHORITY: This project is authorized under Section 205 of the Flood Control Act of 1948, as amended.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |