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Wake County approves 20-year lease to continue operating much of Lake Crabtree County Park
Summary
The Board of Commissioners authorized the county manager to execute a new lease with the Raleigh‑Durham Airport Authority covering about 69.9 acres of Lake Crabtree County Park, preserving waterfront amenities while excluding the tract previously used for mountain-bike trails.
The Wake County Board of Commissioners voted unanimously June 16 to authorize the county manager to execute a lease with the Raleigh‑Durham Airport Authority for county operation of roughly 69.87 acres at Lake Crabtree County Park.
The vote authorizes county staff to finalize and sign a lease for an initial 20‑year term with two optional 10‑year renewals. Under terms described to commissioners, the first year’s rent is $214,488 with a 3% annual escalation; every fifth anniversary the lease may be adjusted to fair market value by appraisal.
Parks and Open Space Director Chris Snow told the board the new lease covers Tracts 2, 3 and 4 (roughly 70 acres) and preserves the…
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