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Wayne County to hold public hearing on proposed sale of Gateway Drive property to Pellissant Tech Steel ("Project Istanbul")
Summary
The Wayne County Board of Commissioners set a public hearing for June to receive comment on an economic incentive agreement and proposed sale of about 31.83 acres with two shell buildings to Pellissant Tech Steel, described in meeting materials as "Project Istanbul."
The Wayne County Board of Commissioners voted to establish a public hearing in June to take public comment on an economic incentive agreement and proposed sale of county-owned property to Pellissant Tech Steel, a project the packet identifies as “Project Istanbul.” The hearing is scheduled for June 2025 at 9:30 a.m. in the commissioners' meeting room at the Wayne County Courthouse annex.
Board materials presented at the May 20 work session describe the parcel as roughly 31.83 acres containing two shell buildings, with an assessed value listed at $7,726,200 and street addresses of 404 and 408 Gateway Drive, Goldburn, N.C. 27534 (Wayne County PIN shown in the material). The county packet proposes a sale price of $5,186,400 in exchange for the company’s written commitment to invest $82,600,000 in capital improvements and create 216 jobs in Wayne County.
The hearing will allow residents and stakeholders to comment before the board considers final approval. County staff also told the board that a draft economic development agreement had been shared with the city attorney and that inspections and planning reviews were underway; staff said they had not yet received the city attorney’s response.
If the board were to approve the sale after the hearing, the county’s standard next steps — as described in the presentation — include finalizing any interlocal agreement with the city, satisfying building- and property-related inspections, and documenting the commitments from the company in a binding agreement.
The board’s motion to establish the hearing was made during the May 20 session; the meeting record shows a motion by a member identified as Williams and the chair seeking a manual vote. The hearing notice in the materials lists the date, time and location that the board set.
The hearing notice and the sale proposal identify the buyer and project name, acreage, street addresses, PIN and the investment and job-creation commitments but do not include a final purchase-and-sale contract or a timeline for closing. The sale and incentive agreement — and any city participation — will be subject to the public hearing and any further board action after public comment.
