Property records filed with the Buncombe County Register of Deeds office show that Buncombe County bought 7.9 acres of land from Keen Transport on May 13 for $1.075 million. The transaction may be part of a secretive economic development deal the county is pursuing. The deal involves a land-swap.
Earlier this week, Buncombe County commissioners held a public hearing to get public feedback on the deal. Here’s part of what Dale Neal of the Asheville Citizen-Times wrote following Tuesday’s public hearing:
Taxpayers will foot the bill for a land swap and a multimillion dollar incentive package for a manufacturer to bring 52 new jobs to Buncombe County — but they’re in the dark about what kind of company the county is courting.
County officials said that “Project X” will more than pay for itself over time with added revenues from leases, property taxes and paychecks.
The company’s identity wasn’t revealed Tuesday at the public hearing on “Project X” — the code name for both the company and the complex deal to lure the manufacturer to Buncombe County. …
After a short series of public hearings, commissioners voted unanimously to spend $15.7 million on construction and a land swap at an undisclosed location. The county would construct a 20,000-square-foot building on one tract of land, swap it for other property and use that property as a site for a 125,000-square-foot building for Project X.