About the Prizes | Downtowndigsec

About the Prizes (Please Read)

Main Prize - Free living in a Betsy Town Flats loft-style or 1 BR apartment for one year*

12 consecutive months of rent paid on winner’s behalf for a Betsy Town Flats loft-style or 1 bedroom apartment.
1 designated parking space for 12 consecutive months.
$2,400 toward utilities for 12 consecutive months ($200 per month).
$5,000 toward a furniture allowance or other expenses (winner may choose to have us provide furnishings/decorations up to $5,000 value).
Free internet (this is included in the standard Betsy Town Flats lease. It is not calculated into the fair market value of the prize package).
*Price package Fair Market Value ($24,000). *Taxes are the sole responsibility of the winner; Before awarding the prize, raffle sponsor is required to deduct federal taxes and/or receive payment (to be paid to IRS) based on the Fair Market Value of the prize package, less the amount wagered. Estimated taxes: $6,000. This may be deducted from the cash portion of the prize package or paid separately to the raffle sponsor. Click HERE for IRS requirements.
Winner has choice of available loft-style or 1 Bedroom apartment at the time of win and/or time of lease signing.
Unit will be available for lease starting between September 1 to January 2, 2023 (or any such time as raffle winner and Betsy Town Lofts, LLC agrees) for twelve consecutive months.
Winner will execute lease with Betsy Town Lofts, LLC and must abide by all normal terms and conditions of the lease document. (Note: Unit may not be subleased or rented on AirBNB or any other short-term leasing entities. Prize may be gifted to another; however, the lease will be executed in the name of the primary tenant.)
Betsy Town Lofts, LLC reserves the right to perform its standard credit reporting before the winner executes the lease agreement.
Once lease is executed between Winner and Betsy Town Lofts, LLC, Elizabeth City Downtown, Inc. will pay in full to Betsy Town Lofts, LLC the full amount of one year’s rent on behalf of the Winner. No refunds will be made if Winner withdraws from the lease before the end of the twelve-month lease period.
In the event the Winner fails to qualify as a tenant, they may alternately choose and receive the $15,000 cash prize option.

Alternate Prize Option -- $15,000*

Winner may choose a $15,000 cash prize option in lieu of the Main Prize.
*Taxes are the sole responsibility of the winner; Before awarding the prize, raffle sponsor is required to deduct federal taxes and/or receive payment (to be paid to IRS) based on the prize amount, less the amount wagered. Estimated taxes: $3,725. This may be deducted from the cash portion of the prize package or paid separately to the raffle sponsor. Click HERE for IRS requirements.

Choosing Prize Options*

Winner will have fifteen (15) days from notification of award to choose between the Main Prize (Free Living) or the Alternate Prize ($15,000 cash).
*Taxes are the sole responsibility of the winner; Before awarding the prize, raffle sponsor is required to deduct federal taxes and/or receive payment (to be paid to IRS) based on the prize amount (or Fair Market Value of prize package), less the amount wagered. This may be deducted from the cash portion of the prize package or paid separately to the raffle sponsor. Click HERE for IRS requirements.

Weatherly Lofts, Elizabeth City, NC

Contemporary living in a historic setting

Weatherly Lofts is a 43-unit loft-style apartment building in beautiful Downtown Elizabeth City, NC. A labor of love and respect by the J.D. Lewis Construction Management Team, a blighted and dilapidated building on the downtown waterfront was revitalized into contemporary living in a historic setting.

Developed in the former Weatherly Candy Factory, one of the most historic and iconic buildings in downtown. The building, located at the corner of Elizabeth and Water streets, dates to 1923 and is the only building in Elizabeth City to be designated a Local Historic Landmark. It abuts the vibrant hot spot Historic Pailin's Alley and is walking distance to the waterfront, retail, arts, restaurants, coffee shops, a brewery (soon to be 2), regional museum, cultural arts center, marinas, and the historic courthouse district. Downtown is home to 16 dining and sipping businesses and more than you can imagine retail, arts experience, and kids activities. There are over 100 businesses of various types located in the Downtown EC Central Business District.

Each apartment is unique. The building renovation plays up the exposed brick walls, metal columns and original glass, in addition to featuring new energy efficient windows, original restored wooden floors, granite countertops, tiled bathrooms and stainless steel appliances.

Amenities include High Speed Internet, Indoor parking available, Community room, Roof top deck access, Granite countertops, Stainless steel appliances, Walk in closets.

An Outdoor Lover's Guide to Adventure in Elizabeth City

Visit Elizabeth City Travel and Tourism Website