This transaction approves the acquisition of a 4.88-acre parcel on Markswood Road for the EIS Mitigation Land South project, under Federal Regulations in 49 C.F.R. Part 24. The parcel is currently vacant, with no structures or landscaping impacted, and acquisition costs are eligible for Federal Aviation Administration reimbursement.
This acquisition supports compliance with federal environmental standards and mitigates land impacts near aviation pathways. The strategic acquisition aligns with Charlotte's aviation infrastructure needs while preserving surrounding areas.