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Author Topic: Preston's plans for 7,000 acres in Chatham  (Read 4564 times)
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dan in silk hope
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« Reply #45 on: January 27, 2012, 08:24:16 PM »

The video said the residents could "work, play and live within biking or walking distance". I sure wish they had shown a concept plan. This is pretty exciting.
« Last Edit: January 27, 2012, 08:36:56 PM by dan in silk hope » Logged
zorro
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« Reply #46 on: January 27, 2012, 09:16:52 PM »

The video said the residents could "work, play and live within biking or walking distance". I sure wish they had shown a concept plan. This is pretty exciting.

No mention of a school?
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lynnhayes
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« Reply #47 on: January 28, 2012, 07:06:03 AM »

I wonder if they are pitching this to sell it to a big developer. If you watch all the way to the end they talk about the attractiveness of this project because all the work is complete. And it's odd that if they are launching this as a development that there's been no press release or other info on the web. I couldn't find one thing about Chatham Park.
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Everett McGill
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« Reply #48 on: January 28, 2012, 08:21:33 AM »

Three Things jump out at me;

1- What is ALL the legwork that is done? (referred to several times in the video)
2- What has been our County Commissioner's involvement with this, and following that what is the position of any County Commission Candidate?
3- How in world has our little BBS spent so much more time burning MIPS and CPU time discussing the grand and major issue(s) surrounding a small private school wanting to use an empty building than this MEGA issue?
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dmccarty
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« Reply #49 on: January 28, 2012, 10:10:43 AM »

The video said the residents could "work, play and live within biking or walking distance". I sure wish they had shown a concept plan. This is pretty exciting.

No mention of a school?

Not that I heard.  Their video was pushing business most of the time.  If they had enough housing I would guess a school would be discussed.

Later,
Dan
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dmccarty
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« Reply #50 on: January 28, 2012, 10:15:53 AM »

I wonder if they are pitching this to sell it to a big developer. If you watch all the way to the end they talk about the attractiveness of this project because all the work is complete. And it's odd that if they are launching this as a development that there's been no press release or other info on the web. I couldn't find one thing about Chatham Park.

Preston is a big developer and Goodnight has money to spend on projects.  They seem to be wanting to sell 100 acres here or there for development.  If you want say, Google, to build a campus, they would want to own the land.  Selling to a business for this type of development seemed to be their focus.  If companies started building on the property, other nearby property would go up in values especially for houses for people who work at those companies. 

Later,
Dan
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dmccarty
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« Reply #51 on: January 28, 2012, 10:20:11 AM »

Three Things jump out at me;

1- What is ALL the legwork that is done? (referred to several times in the video)
2- What has been our County Commissioner's involvement with this, and following that what is the position of any County Commission Candidate?
3- How in world has our little BBS spent so much more time burning MIPS and CPU time discussing the grand and major issue(s) surrounding a small private school wanting to use an empty building than this MEGA issue?


I call BS on the legwork being done.  How is the land zoned?  Where is the water going to come from and go to?  I do not think our little BBS has missed anything because I do not think all of the legwork has been done.  I would think both the town and PBO would have to be involved.  Given the water issues, it seems like the state would have a thing or two to say.  Quite a bit of that land is in the PBO ETJ if not all of it. 

Later,
Dan
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« Reply #52 on: January 28, 2012, 10:21:16 AM »

Just a quick point, Goodnight does not own Preston Development, nor does he run it.  He started the project for Preston Woods, but he sold it to Preston Development and they did most of the work.
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« Reply #53 on: January 28, 2012, 10:30:00 AM »

For what they are planning - they did mention their own school - and don't think that developers don't have all the water/sewer/electric details already worked out -  I would expect the development to have it's own water treatment plant and they are ready to develop - just waiting for the first corporate deal so they can start the cash flow needed to build.
Something akin to celebration community in Florida maybe?

http://en.wikipedia.org/wiki/Celebration,_Florida
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« Reply #54 on: January 28, 2012, 10:31:47 AM »

A couple of longer points.  I am going from memory, and it has been a couple of years since I looked into it, so some of this may have changed.

Water is not in short supply in PBO.  PBO currently only uses about 1/2 of it supply.  So the town could provide water for a while, but I don't know if it could sustain the whole project.

Waste is a much bigger issue.  The thought was that Preston Development and PBO would partner to build a new waste water treatment plant.  It would be big enough to support the current town projects and the new development.  The old plant in PBO could then be closed since it is getting old, and upgrades would be expensive.

PBO would extend the ETJ to include the development once it is going or complete.  Without it, it becomes cloudier about the water/waste issues.  It would also bring in tax revenue for PBO to help offset some of the cost the town incurrs.

Last I had, Preston Development has not submitted any offical plans to the town, or began any work on zoning, etc.
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« Reply #55 on: January 28, 2012, 11:20:57 AM »

Just a quick point, Goodnight does not own Preston Development, nor does he run it.  He started the project for Preston Woods, but he sold it to Preston Development and they did most of the work.


I guess we really do not know for sure but here is a report from 2006. http://www2.nccommerce.com/eclipsfiles/13286.pdf

Goodnight is "backing" the project.  Did he sell out since 2006?  

From the N&O story:
Quote
Preston plans to hold the land for three or four years, Smith said. Once its value has increased
enough to make a tidy profit, the group likely will sell it to a developer.  

The developer would have to agree to have the property annexed for the town to provide water and
sewer service, said David Monroe, Pittsboro's planning director


From Preston's website:
Quote
   
Our History

Julian "Bubba" Rawl and Tim Smith formed their first partnership for property development in the mid-80's as The Properties Group. Under this name, they developed projects such as McGregor West, Ashley Village, and The Ice House, as well as overseeing numerous land deals throughout the Raleigh-Durham area. 

In 1991, they formed Preston Development Company as the result of their partnership with Dr. Jim Goodnight of S.A.S. to purchase and complete Preston and Prestonwood Country Club. Preston Development Company has since evolved into the trademark name for all development projects.


I heard that SAS employees were talking about the project last week.

Later,
Dan
« Last Edit: January 28, 2012, 11:31:36 AM by dmccarty » Logged
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« Reply #56 on: January 28, 2012, 11:29:33 AM »

A couple of longer points.  I am going from memory, and it has been a couple of years since I looked into it, so some of this may have changed.

Water is not in short supply in PBO.  PBO currently only uses about 1/2 of it supply.  So the town could provide water for a while, but I don't know if it could sustain the whole project.

Waste is a much bigger issue.  The thought was that Preston Development and PBO would partner to build a new waste water treatment plant.  It would be big enough to support the current town projects and the new development.  The old plant in PBO could then be closed since it is getting old, and upgrades would be expensive.

PBO would extend the ETJ to include the development once it is going or complete.  Without it, it becomes cloudier about the water/waste issues.  It would also bring in tax revenue for PBO to help offset some of the cost the town incurrs.

Last I had, Preston Development has not submitted any offical plans to the town, or began any work on zoning, etc.

This is what I remember as well.  The last I had heard Chatham has very little or no water allocation from Jordan.  If that is really true, large scale development would be difficult at best.  I thought water allocation out of the Haw was not an option either.  Getting water our of the lake and/or dumping treated waste water would surely require state approval. 

Later,
Dan
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« Reply #57 on: January 28, 2012, 12:06:18 PM »

PBO currently gets its water from the Haw River.  I believe the intake is somewhere near the 15-501 bridge north of PBO.  Again, going from memory, I think our allocation is about 3.6 million gallons per day, and we only take 1.8 million.  In theory, you could double the size of PBO before needing additional water.  Since the new project appears to be a dense development, it could happen.

As for waste, PBO has been working with a consulting firm for a while on how to increase capacity.  There have been many discussions with the state about this, and I feel that it is a only a matter of time before a resolution comes about.  The last plan I saw (couple of years ago) was a new plant built just north of 64, west of the Haw River, and discharge line going to the Haw River just north of the canoe access on 64.  The new plant would be built in stages, and the additional stages would be built as capacity need and money come up.
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« Reply #58 on: January 28, 2012, 12:09:28 PM »

This is why I think the Veridea development in Apex, which is making basically the same pitch as Chathsm Park of becoming a mini RTP, will be the one that succeeds. Not only is it right on the new 540, there's also plenty of water capacity available. Oh and also thanks to our commissioner majority paving the way for WWP without getting anything for Chatham in return, Veridea will have no problem getting sewer capacity that Chatham Park will have to work harder and wait longer to get.
« Last Edit: January 28, 2012, 12:11:46 PM by peacefulcapitalist » Logged

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« Reply #59 on: January 28, 2012, 12:09:36 PM »

ftp://www.co.chatham.nc.us/Requests/CHATHAM%20PARK%20INVESTORS.pdf

http://www.saw.usace.army.mil/WETLANDS/Notices/2010/201000982.pdf

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