Mount Holly OKs memorandum of understanding with Streetlights Residential to begin Veterans Park redevelopment talks

The Mount Holly City Council on Sept. 8, 2025, authorized staff to issue a memorandum of understanding (MOU) with Streetlights Residential, a Dallas‑based developer, to begin collaborative due diligence, planning and design work for a redevelopment of Veterans Park.

Matt Black, who introduced the item as part of the city’s economic development work, described the MOU as nonbinding and said it does not commit funds or transfer land; instead, it creates a framework for public‑private collaboration to balance public benefits — new park amenities such as an amphitheater, gathering spaces and improved connectivity — with private investment in residential and potential commercial uses.

Black said the MOU covers land planning, infrastructure needs and alignment on design and financing; the developer would prepare detailed plans and feasibility studies while the city would provide site access for studies and coordinate interdepartmental reviews. The MOU remains in effect until a development and purchase agreement are executed or until either party determines in writing the project is not feasible, Black said.

Council Member Miss Shoemaker moved to approve issuing the MOU; Mister Craig seconded the motion. The motion passed when the council voted in favor.

City Manager Mister Blanton noted Streetlights Residential responded to an earlier public solicitation process and that staff and counsel have been negotiating terms. The MOU will allow further study of feasibility and design but does not obligate the city to sell or to fund development. Further public updates and formal agreements would be required to move the project forward.