Wilmington Waterfront Gets $300M, Locals Fear Displacement
Major Investments and Development Plans Wilmington is embarking on a significant transformation through the Riverfront East project. This development aims to redefine its waterfront scenery. Spanning 86.3 acres along the Christina River's east side, it's a mixed-use plan of immense ambition. The project is backed by a $100 million investment. Its goal is to breathe new life into a once-neglected area. With waterfront revitalization in mind, it will integrate residential, commercial, and recreational spaces. It aspires to emulate the success achieved by Riverfront West. Affordable housing is increasingly viewed as a profitable investment opportunity in similar urban revitalization efforts, such as those in Charlotte. The vision includes fostering generational economic growth. The site involves underutilized brownfield parcels, which will undergo full remediation. This is to ensure safe and sustainable development. New housing, commercial spaces, and riverwalks are part of the p...