Type to search

News

Rehoboth Beach gets deed for land its city hill is built on

Avatar photo
Share

(AP) — A court has granted the city of Rehoboth Beach a clean title to the property its new city hall is built on, clearing up an issue that could have affected the project’s financing.

The Daily Times reports the building was constructed on land the city didn’t have a clear deed for but had a long history of using.

On Friday, when no one disputed the city’s ownership, the clean title was granted by Delaware’s Chancery Court.

The federal government had been withholding the final $2.2 million payment of an $18 million construction loan because of the title confusion. It wanted unequivocal proof that the city owned the land.

The court’s decision paves the way for that payment.

Get the free DBT email newsletter  

Follow the people, companies and issues that matter most to business in Delaware.

Tags:

You Might also Like

Leave a Comment

Your email address will not be published. Required fields are marked *

Premier Digital Partners

© 2024 Delaware Business Times

Important notice for access to your Delaware Business Times “Insider” content

Flash Sale! Subscribe to Delaware Business Times and save 50%.

Limited time offer. New subscribers only.

Limited time offer. New subscribers only.

SUMMER FLASH SALE!

Subscribe to Delaware Business Times and save 50%