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N.C. Settles with Developer for $12 Million More
Good news for mountain bikers, sad news for taxpayers...Just goes to show what happens when you elect slow responding officials to office...Nice investment for Mr. Anthony, eh?

North Carolina must pay an S.C. developer an additional $12 million for 2,223 acres within DuPont State Forest near Hendersonville.

The two sides reached a settlement just days before a suit by the developer, Jim Anthony of Landrum, S.C., was to go to trial last week.

Anthony will get a total of $24 million for land and improvements he made before the N.C. Council of State, made up of then-Gov. Jim Hunt and other top officials, seized the land through condemnation in 2000.

The 2,223 acres protect three of DuPont Forest's waterfalls, Bridal Veil Falls, High Falls and Triple Falls. Anthony had planned a gated community around the Little River, which flows through the forest. He paid $6.4 million for the land in 1999.

The state plans to obtain the $12 million from the N.C. Clean Water Management Trust Fund, spokeswoman Lisa Schell said by e-mail. Schell said the N.C. Department of Environment and Natural Resources is seeking ways to reimburse the trust fund for some of the settlement.

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