'N.C. closes deal on land for port'

WWAY TV 3 The state Ports Authority has taken ownership of 600 acres of land earmarked for a massive port in Brunswick County. The authority yesterday closed a $30 million deal to buy the land near Southport. The port will cost an estimated $1 billion and won't be in operation for eight to ten years. Backers hope to transform it into one of the largest international ports on the East Coast. The port's expected to help create 50,000 jobs statewide and generate $50 million in local and state tax revenue. A firm is now being sought that will manage development of the site.