Monday, June 16, 2008

Economic analysis of Buckhorn Village is flawed

The Orange County planning board determined (7-2) last week that the economic analysis of the proposed Buckhorn Village near Mebane and prepared by a consultant to the county commissioners is "seriously flawed." Take a look at the article printed in the Chapel Hill News regarding the issue.

James Carnahan, member and chair of the Village Project, commented on the project on May 28:
"With gas selling near $4 a gallon and increasing global demand presaging no relief whatsoever, their prescription that Orange County should rely on interstate automobile traffic for economic security is desperately naive. If gas cost $6 a gallon when Buckhorn opens its doors, would today’s revenue projections still apply?"

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