Raleigh, NC -- Members of North Carolina's Council of State and Raleigh's City Council are set to vote Tuesday on a deal to turn the 325-acre Dorothea Dix Hospital campus into a park.
Gov. Bev Perdue wants to lease the sprawling hospital grounds to Raleigh for $68 million over 75 years. Perdue administration officials announced the terms Friday, ending months of negotiations to create a destination park near downtown.
Under the proposed deal, Raleigh would pay $500,000 a year to lease the property, plus a 1.5 percent annual increase compounded over the length of the agreement. City leaders would then have the option to renew the lease for another 24 years.
Republican Gov.-elect Pat McCrory has asked the Democratic-controlled Council of State to delay the decision until his administration takes power in January.