Orange County NC Website
Browse       Search
2 <br /> Property Transactions. Before FCX announced its bankruptcy in <br /> September 1985, the 69 acres surrounding the market building were <br /> rw <br /> placed on the market. Following bankruptcy, Goldkist, a Georgia <br /> cooperative bought the livestock market and 12 acres of grounds upon <br /> which it and the pig barn stand. The surrounding 57 acres remained <br /> on the market, offered either as lots or as an entire tract. The <br /> livestock market site owned by Goldkist was mak on the market. <br /> In the summer of 1985, it was announced that an offer for the <br /> entire tract had been received and accepted for the 57 acres <br /> controlled by the FCX bankruptcy court. In addition, Goldkist agreed <br /> to sell the 12—acre livestock market site to the same purchasers, who <br /> are DCA General of Raleigh. The purchase contract for the Goldkist <br /> property leaves the ownership of buildings and equipment with <br /> Goldkist, but these must be removed within six months. <br /> Current Status. As of December 16, 1986, the sale transaction <br /> on the FCX property has closed, and the Goldkist deal closes on 31 <br /> December. Thus, in six months, the Livestock market will cease to <br /> operate in its present Location. ALL of the Land (except 13 acres on <br /> the south side of I-85] is in the extra—territorial jurisdiction of <br /> Hillsborough, and is zoned industrial. The purchasers have stated <br /> that they plan to develop the acreage as a business park for Light <br /> industrial, service businesses and some commercial businesses. <br /> Outlook for Re—establishment_pf the Market in an Alternative <br /> Location. The Likely closure of the livestock market has been <br />