It looks like we might not be getting a publicly financed parking deck over at North Hills East, which is a project across the street from the new North Hills mall.
Developer John Kane wants tax breaks totaling more than $100 million over 20 years to build a parking deck for the area.
The proposal calls for the deck to be paid for with a public financing tool called TIFF financing. However, Charles Meeker has said that TIFF financing should only be used for projects in blighted/undeveloped areas.
Unfortunately North Hills doesn’t fall into this category.
A former president of developer Kane Realty was sentenced Wednesday to 30 months in prison in a stolen goods case.
Clifford A. “Mickey” Clark, 55, of Raleigh, pleaded guilty in April to interstate transportation of stolen property. Clark served as president and chief financial officer of Kane Realty for at least five years, ending in 2002, authorities said.
The stolen goods charge stemmed from the theft of more than $1 million from Kane Realty accounts where money was in trust for the owners of retail properties managed by Kane, authorities said. Clark used much of the stolen money to finance another business venture, authorities said.
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