As a resident of Boone and a previous resident of the Boone ETJ, I am both highly disturbed and confused about the actions taken by the Boone Town Council concerning the sale of the the old high school property. I’m asking the High Country Press to help me and all other residents, city and county, with a timeline of events and actions taken since Mr. Templeton and Watauga County agreed on the $18.9 million purchase price. Please, in an article, fill in the holes and fix any incorrect info I have. This is what I have so far:
Early January 2013, Mr Templeton’s lawyers met with town officials (Bailey and Graham) and county officials (Geouque and Spear) to discuss the plans for the property. One item discussed was rezoning a southern portion of the property to R-3, multi-family.
I don’t know when the Affordable Housing Task Force was formed; but I do know they hired an outside study for $21,000. The new restrictions above are the work of this AHTF.
Early April, Mr. Templeton notifies the Town and County that with the new ordinances his plans and project are no longer feasible and he will not buy the old HS property.
We, the county and town residents are left holding the bag (old HS appraisal – $8 million) with yearly interest of $800,000 (as I’ve been told). And the value of the old HS land is worth less and less due to these new AHTF ordinances, appropriately called “non-affordable.”
And now the County, being stuck with this huge debt producing property because the Town Council changes the development ordinances 4 months after the $18.9 million offer was accepted, reallocates the sales tax distribution.
And the Town, who caused the deal to fail, is calling the most foul I’ve ever heard.
Thank you for your help here,