UNC Health Care will continue paying taxes on Eastowne Office Park property it bought this month from Blue Cross and Blue Shield of North Carolina, a spokeswoman said today.
As N&O staff writer David Bracken reported last week UNC paid $14.2 million for the seven buildings that Blue Cross vacated last year as part of a cost-cutting effort. The deal includes 47 acres and 152,000 square feet of space across U.S. 15-501 from the insurer’s 40-acre campus headquarters.
The property has an appraised tax value of $16 million, according to Orange County land records. The sale price was negotiated after both sides did their own appraisals, Blue Cross spokesman Lew Borman said..
Blue Cross paid $253,000 in property taxes on the buildings to the town, county and Chapel Hill-Carrboro school district in 2010. When two vacant land parcels in the deal are included, taxes totaled $334,000, Borman said.
Today, UNC spokeswoman Karen McCall said the health care system understands the costs of providing government services and will continue to make those payments.
“It is not coming off the tax rolls,” she said,
UNC expects to develop a master plan this year to determine how best to use the property, but spokeswoman Jennifer James said it would likely end up housing a mix of administrative and patient-care facilities.
“We’re continuing to grow, and so is the Triangle,” she said. “To support research and clinical and teaching missions, we don’t really have enough space right now. We’re kind of at capacity on campus.”