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Real estate prices, Divorce to Force Closing of Pier |
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Friday, 02 December 2005 |
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The Long Beach Pier located in North Carolina has been closed, and is
scheduled for demolition in February, along with its accompanying
tackle shop, motel, and restaurant.
A divorce and rising taxes
seem to be the cause of the closing, which is the ninth closing along
the North Carolina coast—for reasons ranging from insurance costs to
storm damage. Of the 32 piers on the coast in 1996, only 23 remain.
The Pier owner, Tommy Thomas, had to divide his assets with his former
wife in a divorce case, so the property is to be divided into 10 lots,
with an estimated value of $1 million each.
"It's bittersweet," said Thomas’s son. "I can see Mom's side of it and Dad's side of it."
Hundreds of pier fans came to the pier on New Year's Eve to participate
in the last day for the landmark, some buying decorations and benches
from the pier.
By Patricia Fuller
Miami Real Estate - Aquablue Realty
Sarasota Real Estate
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