If an auto company does come, it attracts development down 421, or so they think. In the much more likely event it does not come, they housing developers can then move out into the virgin farm land on either side of 421 and down into Randolph. Greenboro can then annex these areas, as far as the law allows--and the law can always be changed.
The City Council has approved nothing, that is until tomorrow night.
A referendum is a good idea,
but I suspect that we all know that would attract only 25% or so in support of.
The real cost of the land is north of $30,000,000.
The cost of building in the necessary infrastructure is another $180 to $200 million (this includes water and sewer service. That's all just to prepare the ground to give away to a private corporation or to a "board" appointed by the Governor, I suspect, to run the site and lease it for $1.00 per year.
That's all before we reach the $400 to $500 million in "incentives"
to entice some manufacturer to come here.
There is no city commitment until the City Council votes to do so, or the City Manager begins spending City Money. Neither of them have signed anything, so far as I can find out.
Randolph's 4 commissioners who voted "yes" want badly to believe there is a commitment, and they are not particular about its flimsiness. They were not misinformed. They would have voted the way they did regardless of any City action or inaction short of the City stating it would never run water and sewer there.
Alan E. Ferguson
Who would be stupid enough to spend $22.5 million to get water and sewer to a Megasite, about 10 miles away from another that already has it?
Compare Sam Simpson and Zack Matheny's current exploits to; 12/31/13; "Robbie Perkin's 9,000 acres, Project Haystack, "Incentives" and the Rhino Times"
Local Megasites, A Mega Tour
Minutes from the "Public Hearing and Consideration of Purchase of Real Estate in Conjunction with the proposed Greensboro-Liberty Mega Site"
Zack Matheny and Mike Barber need to recuse themselves from the Megasite Water and Sewer vote
Who on Greensboro's City Council is going to have to recuse themselves on the Megasite?