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Council backs MOU with Greentown Properties to advance East Carolina Research & Innovation Campus
Summary
Greenville approved an MOU with Greentown Properties Inc. to support Phase 2 of the East Carolina Research & Innovation Campus; each coalition member agreed to appropriate up to $150,000 yearly for five years, and staff described funding through historic/new markets tax credits, private equity and bank debt.
The Greenville City Council on Feb. 23 approved a memorandum of understanding between the city and Greentown Properties Incorporated to support Phase 2 of the East Carolina Research & Innovation Campus, a public–private redevelopment coalition involving East Carolina University, Pitt County, the City of Greenville and the Greenville Utilities Commission.
Assistant City Attorney Scott Dixon and city staff described the project as a redevelopment of the…
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