Bogue Inlet Pier deal falls through
"Bogue Inlet Pier and its surrounding property is back on the market, and Emerald Isle is back at work on its efforts to buy one of the last public fishing piers on the island," according to the Jacksonville Daily News.
"The town announced Tuesday that its previous agreement with Mid-Atlantic Real Estate and Development of Raleigh to acquire the pier and 3.8 acres of land around it has fallen through.
" 'It’s frustrating; but we tried as hard as we possibly could to make it work, and we’ll keep trying,' said Town Manager Frank Rush.
"Mid-Atlantic held a contract to purchase a total of 15 acres, and the town had developed plans to buy the pier and improve water quality in the vicinity by removing three stormwater outfalls that drain into the ocean.
"The deal was contingent upon the town receiving a $3 million N.C. Clean Water Management Trust Fund grant and Mid-Atlantic finalizing its purchase from the Stanley family of Emerald Isle.
"Rush said the contract between the Stanley family and Mid-Atlantic has been terminated, thus also terminating the town’s agreement."
Hispanics have role in state economy
"The influx of Hispanics, both authorized and unauthorized, has created a complex economic give and take within North Carolina, members of the business community and others discussed Tuesday at a seminar in Greenville," according to the Greenville Daily Reflector.
"The seminar, Exploring the Economic Impact of North Carolina's Hispanic Population, was the sixth to be held across the state. It was sponsored by the Z. Smith Reynolds Foundation in conjunction with North Carolina Citizens for Business and Industry and the North Carolina Bankers Association.
"The luncheon session revolved around a study by the University of North Carolina's Frank Hawkins Kenan Institute of Private Enterprise. ...
"Ultimately, the study concluded the fiscal impact to the state of Hispanics through education, health services and corrections totaled about $817 million in 2004. Direct and indirect tax contributions by Hispanics for the same year added to $756 million, resulting in a net cost for the state budget of $61 million or approximately $102 per Hispanic resident.
" 'People say Aha, they're costing us, but before you Aha, think how much you cost us,' the study's co-author, James Johnson Jr., told seminar attendees Tuesday."
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