Tweetsie may survive under county plan
Watauga may buy land threatened by developers
BLOWING ROCK (Winston-Salem Journal) - Watauga County officials propose to put up $3.15 million -- money it would eventually recover with interest -- to resolve a long-standing land issue that threatens to close Tweetsie Railroad, an anchor for millions of dollars in county tourism.
The train runs across land the theme park doesn't own, and rising property values mean that some of the landowners aren't willing to continue leasing land to Tweetsie when they could sell or develop it for much more money.
Watauga County proposes to spend $3.15 million to buy land needed to keep Tweetsie Railroad operating, provided the theme park would eventually buy the land back from the county government for the purchase price, plus interest and expenses.
BLOWING ROCK (Winston-Salem Journal) - Watauga County officials propose to put up $3.15 million -- money it would eventually recover with interest -- to resolve a long-standing land issue that threatens to close Tweetsie Railroad, an anchor for millions of dollars in county tourism.
The train runs across land the theme park doesn't own, and rising property values mean that some of the landowners aren't willing to continue leasing land to Tweetsie when they could sell or develop it for much more money.
Watauga County proposes to spend $3.15 million to buy land needed to keep Tweetsie Railroad operating, provided the theme park would eventually buy the land back from the county government for the purchase price, plus interest and expenses.
posted by BP News Bureau | 2:30 PM
2 Comments:
Government should never own property. Period.
Wautauga County is doing nothing but assisting in paving the road to a well-known warm climate.
Miami? Lots of Florida tags up there ...
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