Economic Development Districts

In the initial news reports Buckhorn was touted as “a center like The Streets at Southpoint” (N&O, Jan 12). Over a million square feet of retail, hotel & movie theater uses are proposed on 128 acres at the intersection of Buckhorn Road and I40/I85. At the west end of one of the County’s Economic Development Districts (EDDs), this was for many years the site of a thriving flea market. Some of the materials submitted by the developers hint at the inclusion of residential and office uses, but most of their documents and statements to the press indicate that their interest in these is very low. They estimate the County would realize $7.2 million a year in sales & property tax revenues. But what might these revenues cost us?

That a development of such magnitude is being considered for the County raises questions like these: