Jan 25, 2013
A Valentine’s Day auction has been set for a prime 43-acre waterfront property once deemed the site of a new development called Westport Waterfront.
The auction is scheduled to take place at 2:30 p.m. on the steps of the Clarence M. Mitchell III Courthouse downtown. A.J. Billig & Co. Auctioneers will wield the gavel.
The development was planned by local developer Patrick Turner and marketed as a mixed use project located on the city’s southern side, off of the Middle Branch River.
But following years of inactivity, Citigroup Global Markets Realty Corp. late last year filed for foreclosure against the project because of an outstanding $32 million loan.