To my fellow Rome taxpayers --- tree-huggers or not:
"Originally, home town developers Ledbetter Properties asked City Commissioners to purchase just 11 of the 80 acres slated for development, but when commissioners rightfully balked at the selling price of $7,000 per acre, the developers decided to exercise their option to purchase all 80 acres at a previously negoitated bargain basement price of $600,000. " -statement from a CRBI e-mail.
One of Rome's very knowledgeable and respected businessman wrote in response to the $7000 per acre price that our commissioners have acquiesed to:
"As a downtown land owner and business person my problem is the devaluation of my property just across the river
Terrell it's not where your coming from but if the city approves the sale at 7000.00 a acre I will have to appeal all my taxes as they just reset my comps and values of my property
A Good business person would want to see it sell for closer to $500,000.00 per acre.
I'm closer to market value then the elected commissioners are."
So, according to this businessman anyway, Ledbetter Properties may take over our 80 acres, right in the center of town, for only a little over the cost of one prime acre. This is just plain wrong on all counts.
Tell our commissioners to vote NO to rezoning.
Howard Smith
How could they EVER have entered into such an agreement in the first place as responsible stewards of the publics interest? If this property is valued at this price then there should be many appeals of tax valuations.
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