OBX Beach Nourishment Progress
The award is contingent on approval from the Local Government Commission. The bid from Great Lakes Dredge and Dock Company totaled $38,596,850 and is approximately $4.9 million under budget. Work is scheduled to being in April 2017. As plans progress, the Town of Duck, Town of Kitty Hawk and Town of Kill Devil Hills will provide information about plans for construction.
Outer Banks Property Tax Effects
How does this delay effect the property tax increase that has already been levied? Even though the actual construction of the project will begin later than anticipated, the Towns and County have already completed and paid for the preliminary pre-construction process and are committed to entering into a contract for construction by the end of June 2016. A portion of the tax dollars collected so far for the project has been used for this preliminary work and the remainder will be used for pending construction of the project.
Beach nourishment will widen the shoreline and provide “increased defense from coastal storms and beach erosion protecting property, communities and infrastructure located along the shoreline” (Dare County Public Relations Department). Widening the eroding shoreline will help protect your Outer Banks house rentals. If you are not up to speed with what’s going on in your town, OBX Housing will continue to help catch you up with local happenings that directly or indirectly affect your investment property.
Here are some important websites to make note of to keep up with what’s going on here on the Outer Banks:
Southern Shores Official Website
Town of Kitty Hawk Offical Website