Bringing The World Home To You

© 2021 WUNC North Carolina Public Radio
120 Friday Center Dr
Chapel Hill, NC 27517
919.445.9150 | 800.962.9862
91.5 Chapel Hill 88.9 Manteo 90.9 Rocky Mount 91.1 Welcome 91.9 Fayetteville 90.5 Buxton
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Environment

N.C. State's Hofmann Forest Will Not Be Sold, At Least Not Yet

Hofmann Forest
Historical State, NCSU Libraries
/

NC State University will not be selling Hofmann Forest, for now. The two firms that had agreed to buy the 79,000-acre research forest near Jacksonville could not meet its financial obligations to buy the property.

The two firms, Resource Management Service and Hoffman Forest, LLC, had agreed to pay $131 million to buy Hofmann Forest. But they ran into financial problems almost immediately after entering into the agreement with NC State.

While this contract has terminated, that doesn’t mean Hofmann Forest won’t be sold in the future.

The Board of Trustees of the NC State Natural Resources Foundation controls the Hofmann Forest.

“I think it’s safe to say they still believe and have always believed that selling this property is in the best interests of the College of Natural Resources,” said Chancellor Randy Woodson. “So my sense is that that will continue to be a priority.”

Opponents of the sale held protests and signed online petitions when the sale was announced earlier this year. The two sides presented oral arguments to the state Supreme Court last month; the Court is still deliberating. Opponents argued that Hofmann Forest is state land and is therefore subject to the state Environmental Policy Act.

Woodson says the lawsuit and the protests have not swayed the Board.

“There’s not been a single point of hesitation from the Board or the Foundation in selling the property,” he said.

More Stories