Development Finance Initiative

UNC wants to buy downtown Kannapolis apartments for $500K

August 24, 2015

By Michael Knox | KANNAPOLIS, N.C. — The UNC Nutrition Institute has approached the City of Kannapolis about purchasing apartments that sit over the downtown Kannapolis stores to have a place for students to stay when they are in town working at the North Carolina Research Campus. The Kannapolis City Council will discuss the […]

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

June 27, 2015

By Michael Knox | 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 […]