SOUTHPORT, NC (WECT) – Southport leaders looked for a piece of property to build a park, but it's no longer available.
Five parcels of land owned by First Bank along West Bay Street between Yacht Basin Road and South Caswell Avenue in downtown Southport were recently taken off the market.
Mayor Robert Howard says he's disappointed that the town missed out on this "prime real estate along the waterfront."
The owners of several businesses at the Yacht Basin are in the final stages of completing a deal to buy the property at a reduced price.
Paul and Maria Swenson are the owners of the Yacht Basin Provision Co., Frying Pan Restaurant, and Flavas Ice Cream Shop. Howard says they have agreed in principle to purchase the five parcels for commercial use.
Most of the property included in the deal is currently being used as parking for existing businesses.