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State approves lease for new Port of Wilmington facility

The Council of State on Tuesday gave approval for the construction of a cold storage facility at the Port of Wilmington.

The council approved a lease that will allow the North Carolina State Ports Authority and USA Investco to enter a public-private partnership to construct the facility.

The project, which will require an initial investment of $13 million, is contingent upon state and local incentives.

Plans call for a 75,000-square-foot facility, which could later be expanded to 300,000 square feet. The facility is expected to create 110 jobs.

Several UNC system building projects fast-tracked

The Council of State has approved the fast-track sale of more than $700 million in bonds to build new facilities at universities and at other state agencies.

The move is intended to give the state's lagging economy a boost.

The bonds will include hundreds of millions for state universities, including $109 million for a library at N.C. State, $69 million for an addition to the dental school at UNC Chapel Hill and $24.5 million for N.C. Central's new nursing facility.

You can find the whole list of projects here.

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