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Alamance commissioners authorize county to pursue purchase of former Bank of America building for Tourism Development Authority
Summary
The Alamance County Board of Commissioners voted 3–2 to authorize staff to sign a contract to acquire the former Bank of America building at 141 South Main Street so the county can hold the property for the Tourism Development Authority (TDA); the purchase would use TDA funds and include a 20-year lease back to the authority.
Alamance County commissioners on Monday authorized county staff to sign a contract to pursue purchase of the former Bank of America building at 141 South Main Street, a move proponents said would give the Tourism Development Authority (TDA) a more visible, interstate‑adjacent location while critics warned of maintenance costs and lost tax revenue.
Brian Baker, assistant county manager, told the board the county would acquire the building using TDA (occupancy‑tax)…
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