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UNC's DFI outlines 5—6-month feasibility study for Lowes Grove; county to cover $72,400 fee
Summary
The UNC School of Government's Development Finance Initiative (DFI) presented a phase-1 feasibility proposal for the former Lowes Grove School site, describing community engagement, parcel and market analysis, financial modeling and a proposed 5—6-month timeline with a $72,400 fee; Durham County will cover the cost of the initial phase, staff said.
Marcia Parrott, director of the Development Finance Initiative (DFI) at the UNC School of Government, told the Durham Public Schools Board of Education that DFI would perform a phase-1 feasibility study of the former Lowes Grove School and surrounding parcels, combining community engagement, site and parcel analysis, market research and financial modeling to test redevelopment options.
"We act much like a private developer would when we're evaluating the development feasibility of the site," Parrott said, describing DFI's public-interest approach…
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