"Luminous" Project Terminated
Town of Davidson and Developer of “Luminous” Plan for Beaty Street Property Unable to Come to an AgreementDAVIDSON, N.C. – The Davidson Board of Commissioners and town staff have undertaken a process over the past 18 months to consider the sale and development of 19 acres of town-owned land on Beaty Street. On July 11, 2017, the Commissioners voted to move forward with contract negotiations with the “Luminous” plan developer. Now, at this stage in the contract negotiation process, the Commissioners and the “Luminous” plan developer are unable to agree to contract terms.
“In an effort to do what’s best for the town at this time, we will not proceed with the “Luminous” proposal on the town’s Beaty Street property,” said Mayor John Woods. “This current board of commissioners will not pursue development of this land, but options could be considered for the property going forward.”
For more information on the Beaty Street Property, please visit www.townofdavidson.org/BeatyStRFP.
[Town of Davidson Press Release]