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Letter to the Editor: Speculative Development is not Smart Development
Opinion
Any benefits to our county from the Etowah Village project are all purely speculative and are dependent on investment in, and completion of, ALL phases of this project. Currently, by admission of the project engineer, there is only some investor interest in Phase 1 (which includes a multi-story hotel). This phase may have raised $7-$12million, not the $700 million to $1 billion needed to complete the entire buildout over a 10+ year period. Where or who are these multi-million dollar investors? To complete the "grand parkway" through to Etowah River Rd. (as part of the final phase of the project?) would be mega expensive but crucial to the success of this development and would also require the blessings of the Corps of Engineers (for the bridge) and Fish and Wildlife for the environmentally sensitive wetlands.