The Star-News recently reported a story about New Hanover County Commissioners offering Titan Cement–a multi-national cement company based in Athens, Greece–$4.2 million in tax incentives to build a large cement kiln in New Hanover County. Click here to read the article. Commission chairman Bobby Greer called it a “win-win” for citizens, the county, and the company. Here’s what is not being mentioned:

1. Cement kilns are enormous energy hogs, burning vast quantities of coal to fire the kilns to 3500 degrees F and significant quantities of electricity to grind raw materials and rotate the kilns. Many often serve as waste incinerators, adding shredded tires, paper, wood debris, packing material, as well as other combustibles to the fuel, even some materials classified as hazardous wastes, including paints, solvents, used oils, and other chemicals. They are major producers of sulfur dioxide and modest contributors of nitrogen dioxide, two primary components of smog. They also produce large amounts of particulate matter, an air pollutant that can have serious health impacts.

2. Cement kilns need a large local source of raw material, particularly limestone, so they are built near large quarry operations, with their associated dust, noise, off-road diesel exhaust and large truck traffic.

3. Cement kilns are one of the nation’s largest industrial emitters of mercury, a powerful neurotoxin that can cause developmental problems in young children, newborns, and children in the womb. The industry has been reluctant to install mercury controls on its plants, and the current EPA administrator has been reluctant to crack down on their mercury emissions, resulting in numerous lawsuits against EPA.

4. In a study conducted last year by Yale, Johns Hopkins, and Columbia University among others, Wilmington is one of ten mid-sized southeastern cities projected to have worse air quality from climate change induced warming alone–not including the addition of a large cement kiln in New Hanover County that would contribute to smog and particulate matter. That’s bad news for children, particularly those with asthma, the elderly, and anyone else with impaired lung function. This would be important for any community interested in attracting young families or older retirees.

5. Cement kilns are among the primary industrial emitters of carbon dioxide, second only to fossil-fuel burning electrical generation plants, and also significant emitters of methane–both potent greenhouse gases. Coastal North Carolina is among the most vulnerable areas in the United States to sea level rise from climate change. A recent study by researchers from Appalachian State, East Carolina, UNCW and the Potsdam Institute for Climate Change Research estimated that more than $200 million in New Hanover Country property could be lost due to inundation in future decades, in additions to millions in lost revenue from reduced recreation and increased storm damage. The study was based on 2007 IPCC projections of sea level rise of 15 to 24 inches by 2100, but even the IPCC now admits that estimate was far too conservative. Many scientist studying the issue believe sea level will rise at least a meter by then if not more, depending on how successful the world is in reducing carbon dioxide emissions.

Whether or not you believe in local communities essentially bribing industry’s with taxpayer funded incentives, I would suggest that before our commissioners take such actions they should follow Hippocrate’s mantra: first do no harm. In this case, we might as well be offering Titan much of our beaches, much of our tourism business, much of our air quality, even the lung capacity of our children and elderly.

If you share my concerns, please write your county commissioners and voice your opinion.

March numbers show Wilmington home sales down 41%. Six hundred sixty (660) homes sold in March 2007 compare to just 389 in March of this year. Click here to hear CB’s explanation of th market.

One of the hottest trends in housing is creating a “green” home. In fact, in two places where Mother Nature has wiped the slate clean, green homes are all the rage. In the Lower Ninth Ward of New Orleans, actor Brad Pitt has headed the creation and donation of 150 new environmentally friendly houses that will be 75% more energy efficient. In Kansas, after being completely destroyed by a tornado, the ironically named town of Greensburg will be rebuilt as the nation’s first green town.

Green homes save money by lowering energy bills and reducing a home’s impact on the environment. What may be even more important, however, is the pride of ownership involved in owning a green home and the positive effect it has on the community and the world.

Please click on the icon to the right for a guide on turning your home into a green machine. Low-flow plumbing fixtures and compact fluorescent light bulbs (CFLs) are great examples of easy changes that will benefit your pocketbook and the environment. In fact, swapping out one traditional light bulb for a CFL will reduce carbon emissions by 150 pounds a year! Doing your part for the environment is now as easy as changing a light bulb

I don’t know about you, but this is my favorite time of year in Wilmington. The weather is perfect for enjoying the outdoors- from running the loop at Wrightsville Beach to riding bikes around Greenfield Lake. And, of course, springtime in Wilmington would not be complete without mention of the North Carolina Azalea Festival!

Founded in 1948, the Azalea Festival has emerged as Wilmington’s premier spring event- an annual community celebration and the largest festival of its kind in the state. Each April, a full week of natural beauty, big-name entertainment, festive galas, fun family events and Southern hospitality come together to showcase the charms of the Wilmington area. Festival highlights include the Queen’s coronation, a three-hour parade, two-day street fair, the circus, home and garden tours, and concerts.

Please keep on reading for a summary of events happening this weekend during the festival. I hope to see you there!

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Construction is well underway for the new Keller Williams building located at 5911 Oleander Drive. With over 70 agents, we’re busting at the seams over here on New Centre. The new 6300 square foot space is centrally located and offers more exposure for our growing market center… not to mention it’ll be easier for our clients to find us! The office offers associates a large high-tech training area, over 20 private offices, and easy access to a Port City Java (within 50 feet). Decor includes stained concrete flooring with an imprinted KW logo in the lobby, “black galaxy” granite counters in the reception area and a neutral yet modern color scheme throughout. Next time you drive east on Oleander drive towards the beach, look to your left to catch a glimpse of our new building. We are truly ecstatic and look forward to you visiting us there later this year!

Tomorrow is free admission day at Airlie Gardens for New Hanover County residents. If you’ve never seen the gardens, this is a great opportunity. Guided tours are offered as well as a bird walk and other workshops. Please visit the Airlie Gardens website to learn more. Below are images from my visit to the garden last year around this time.

Nearly 3.5 times more homes went under contract in January of this year compared to 2007, according to the president of WRAR. While actual sales in January actually slide 38%, the increase in homes gone pending points to a possible increase in future sales. I speculate this is due to more sellers pricing their homes more competitively. I personally have been witnessing more and more price reductions as of late. This combined with the enticing interest rates may have encouraged buyers on the fence to take the plunge. Please click here to read the full Star News article.

A week ago, fifteen agents from our office traveled to Atlanta Georgia to join over 8,500 Keller Williams agents for our annual meeting, which we call Family Reunion. WOW. What an incredible experience… words really cannot do justice! The event totally renewed my approach to real estate, life, goals, and relationships. But most of all, it confirmed that I am in business with a truly awesome company

Attendees included everyone from new agents to the very best in the industry. The photo to the left was taken prior to a Keynote address delivered by Seth Godwin, author of many books including Purple Cow and Permission Marketing. The people were magnetic, the panels were motivating, and the information provided was both educational and relevant to today’s market. Not to mention the priceless networking opportunities!

On Wednesday morning, we attended an inspiration breakfast, which was kicked off with moving performance by Wintley Phipps, an ordained Seventh-day Adventist minister and world-renowned vocal artist. Please click here to watch a YouTube video of a similar performance. It’s very powerful! I am so proud to be a KW agent!

The announcement came at 8:20 am New York time before the U.S. markets opened. Stock futures, which were pointing to a sharply lower open, bounced back but are still indicating a lower open.

The following is the text of a statement released by the U.S. Federal Reserve on Tuesday:

The Federal Open Market Committee has decided to lower its target for the federal funds rate 75 basis points to 3-1/2 percent.

The Committee took this action in view of a weakening of the economic outlook and increasing downside risks to growth.

While strains in short-term funding markets have eased somewhat, broader financial market conditions have continued to deteriorate and credit has tightened further for some businesses and households.

This mortgage update provided by:

JD Terry Mortgage Banker East Carolina Bank Mortgage Phone: 910-431-6082 Fax: 910-799-7091 JDTerry.com

If you have any questions on how this will effect retail mortgage interest rates please do not hesitate to give JD a call.

I wanted to take a moment to tell you about Art of the Table, a fund-raising event that I’ve had the pleasure of helping plan at the Bellamy Mansion. During February 22 – 24, thirty artfully themed tabletops created by local designers will be displayed throughout 12 of the mansion’s period rooms. It’s a great opportunity to explore the mansion’s beautifully restored antebellum architecture and get ideas for creating your own memorable tabletops at home. The weekend schedule is as follows:

Table designers include:

Proceeds from the event will go towards the mansion’s ongoing operations and restoration. Please click here or call 910-791-7813 to reserve your tickets. I hope to see you there!