Pender County Approves 236-Site RV Campground Despite Flood Zone Concerns

Pender County, North Carolina commissioners voted unanimously to approve a special use permit for a 236-site RV campground after a two-hour quasi-judicial hearing. The review process was required because the site falls within a special hazard flood zone on Rural Agricultural-zoned land. Development cannot proceed until the applicant secures a FEMA letter of map revision. The approval underscores the layered regulatory requirements that can accompany campground development on environmentally sensitive or restrictively zoned properties. Read the Full Article Source: Woodall’s Campground Magazine

LSI Companies Brokers $2.5M RV Park Sale in Fort Myers, Florida

A 7.14-acre RV and mobile home park on McGregor Boulevard in Fort Myers, Florida sold for $2.5 million. McGregor Park Plaza, Inc. transferred the property to McGregor RV, LLC in a transaction involving LSI Companies and Marcus & Millichap. The sale adds to a record of private investment activity in Southwest Florida’s RV and mobile home park segment, a category that has seen steady transactional interest. For industry participants, the deal provides a data point on current pricing in the Florida market. Read the Full Article Source: Woodall’s Campground Magazine