Tuesday, April 7, 2009 —
These changes will create millions of dollars of potential sellable property that otherwise is not attractive to those seeking lakefront property.
With the extreme decline in the real estate market in general, the delay of these properties becoming sellable is having a serious impact on our new economic lifeline – bringing visitors and new residents to the 2nd largest lake in NC and Davidson County.
As a group of investors, we join with realtors, business owners, and other concerned residents of Davidson County, and urge you to consider that although it may have been appropriate to delay the renewal of Alcoa’s license prior to the devastating decline of the economy, to delay any longer is only compounding the negative economic impact in our community and possibly others who border the lake. Furthermore:
n The communities raising issues to cause the delay had nearly four years, during well-advertised and well-attended pre-application meetings to express their concerns and get the state of NC involved. MOST of the interested parties signed the Relicensing Settlement Agreement, and in this country, doesn’t the majority rule?
n We feel that given the state’s budget shortfall and the overall economic troubles facing our nation, we must invest our tax dollars wisely and work to attract new businesses to our state.
The fact that Stanly County has spent $1 million in taxpayer money — and wants the State of North Carolina to spends hundreds of millions more to take over Alcoa’s business — is very concerning.
n Efforts to take over the Yadkin Project set a dangerous precedent and are bad for business in North Carolina.
We certainly agree with Albemarle Mayor Whit Whitley, as do many residents of Stanly County, and share his concerns that these efforts will make it more difficult to attract new companies to both Stanly and Davidson Counties.