Almost 3,000 new homes are planned, along with a 36-acre “regional” park, and an additonal 30-acres for an elementary school site.
It is great to see their plans, but some of the land reserved for the park and the school site are basically very difficult and expensive terrain to develop.
It is both a good news and bad news type of story. The good news is that they plan a long term build out of the project — 15 to 20 years; The bad news is that the road plan is also a bit questionable. It is relying heavily on the use of South Point Road and an unfunded “spine” road closer to the South Fork River, connecting with Armstrong Ford Road(Main Street) near Timberlake and connecting to the Garden Parkway.
We hope that this particular road is built BEFORE the proposed houses and towncenters are approved. If you think South Point Road is busy now, wait for this development to take off.
Unfortunately — well maybe fortunately — the state builds roads, Senator Pittenger has a very cozy relationship with the development firms around the state. We would not be too surprised if this “spine road” gets fastracked. As former city councilmember Irl Dixon once stated, the TIP ( transportation Improvement Program) had already designated that a road needed to be built and overlayed a road path. The Comprehensive Land Use Plan by the City of Belmont accepted this overlay, so all things considered, the road could be a go…
Hopefully, the funding will be forthcoming from the state legislature. We know that Representative Wil Neumann of Belmont is supportive, if not for re-election purposes at the very least.
Other good news on this project is the developer. Haden Stanziale is a recognized leader in large tract development. The project will certainly be first class. The bad news about this developer is that it contributes to the notion of economic cleansing concerns that many in-town and long-time residents have expressed.
When the property taxes on revaluation of property goes sky high two things happen. Pleople sell their property, or they can’t afford the tax bill. In this “bubble-burst” period of housing slowdown, both the resale of existing homes and new homes may help keep the tax values from rising too quickly.
We have a county commission that is very averse to raising pennies on property, but willing to hit the sales tax side for “good causes” — this is a whole ‘nuther story completely so we won’t talk about it right now.