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Wake Forest approves land swap with Southeastern Baptist Theological Seminary to secure park parking parcel
Summary
The Wake Forest Board voted unanimously to exchange town-owned land at 214 S. College Street for a slightly larger collection of parcels owned by Southeastern Baptist Theological Seminary, giving the town ownership of parking adjacent to Holding Park and giving the seminary contiguous land near its campus.
The Wake Forest Board of Commissioners approved a property exchange with the Southeastern Baptist Theological Seminary that gives the town ownership of parking adjacent to Holding Park and gives the seminary a larger contiguous parcel near campus.
Assistant Town Manager Candace Davis told the board: "The North Carolina General Statutes chapter 160A-271 allows the town to allows a town and a private entity to swap real property for a full and fair consideration." Davis said the town planned to…
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