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In a phrase, no. Specifically, the property conveyances are problematic except subject to very specific conditions, and the EDC can't retain the proceeds from the sale of county land to businesses. In fact, G.S. 158-7.1(d) states that the price paid by companies for land is probably not lower than" the truthful market value" of the property. Bottom line: The county, not the EDC, would handle the ultimate sale to a company and would retain any proceeds from the sale.
 
 
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Though this option is cumbersome, the county might convey the property to the EDC for no monetary consideration below the everyday G.S. 160A-279 requirement that the EDC put the property to a public use. Once the EDC found a private company to find within the park, the property to be bought can be returned to the county as a result of the EDC no longer intends to place it to a public use.
 
 
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