Update: Ashe votes against tax
The proposal calls for a tax of up to four-tenths percent of value.
Should the tax fail, Ashe County’s property tax rate will increase. The current rate, 39.5 cents per $100, may need to increase by at least 3.8 cents.
County commissioners say more revenue is needed to pay for the new law enforcement center, county library expansions and other projects.
Here’s the Article from Go Blue Ridge.net
Watauga helps tweetsie
Watauga County and Tweetsie Railroad are exploring a proposal that would keep the Wild West theme park at its current location “for the next 50 years and beyond.”
Watauga planning director Joe Furman, who is acting economic developer for the county, presented a proposal to the commissioners Monday in which the county would buy land to support the theme park in exchange for a long-term commitment to keep the business operating.
Here’s the article from the Watauga Democrat
Demo begins on Grandfather Top Shop
Demolition on Grandfather Mountain’s Top Shop, located next to the Mile High Swinging Bridge, began Wednesday, April 23. The crew began tearing down the side of the building located closest to the switchbacks up the Mountain. The new shop is scheduled to be completed in 2009
Click here for the article in the Blowing Rocket
Optimistic Outlook for Luxury Vacation-Home Market
The outlook for owners of “prime property” – “the most desirable, and normally most expensive, property in a defined location” – notably for vacation homes, is much more optimistic, according to the 2008 Annual Wealth Report by property consultants, Knight Frank, and Citi Private Bank.
“The boom in second home ownership over the past decade will be nothing compared with the growth we will see over the next decade,” the report says.
Here’s the Article from the Wall Street Jounral
Asheville home sales, prices slump
Buncombe County existing home sales dropped dramatically again in March, and the average price of a home sold, which has risen during much of the current housing slump, fell significantly.
According to figures from the N.C. Association of Realtors, there were 221 county homes sold through the Multiple Listing Service last month, 27.3 percent fewer than in March of last year. The average price fell 10 percent to $265,797.
Click here for the article in the Asheville Citizen Times