Buying Downtown Kannapolis

Kannapolis now owns downtown

October 02, 2015

By Michale Knox Read the original article in the Independent Tribune. KANNAPOLIS —The City of Kannapolis now owns downtown Kannapolis after purchasing the properties from billionaire David H. Murdock, creator of the North Carolina Research Campus. The City of Kannapolis is using bonds to pay for 46 acres in downtown Kannapolis for $7.5 million. The […]

Kannapolis, Murdock finalize $7.5 mil. deal on downtown purchase

June 27, 2015

By Michael Knox | mknox@independenttribune.com KANNAPOLIS, N.C. — After three months of negotiations, the Kannapolis City Council has agreed to pay $7.5 million for billionaire David H. Murdock’s downtown properties. “It has been a long process but well worth the wait,” said Darrell Hinnant, mayor of Kannapolis. “We all know how much time it takes […]