There is a large piece of land across the street from my house. It's a somewhat famous ranch, where they raised and rented movie horses & cows. Now, it's been sold and they want to turn that land into a Home Depot, two story Target + a bunch of smaller stores. The front of the strip mall would be on the other side of the property, leaving the loading docs, etc. facing our street.
What kind of a hit can I expect to take on my property values and is there anything that I can do about this? The developers are having a town meeting tonight to get input from the property owners in the area.
Looks like it's time to start looking for a new house. :|
Update:
We had our second community meeting last night. I found out some interesting facts.
Only 6 people showed up to the first one, because nobody knew about it. Very few people received notifications and the notifications themselves, were were vague about the date, time and location of the meetings. Last night, we had and auditorium full of angry home owners (thanks to a few people who took it upon themselves to spread the word).
There was a city council meeting to talk about this development last night as well. It was scheduled at the exact same time as the environmental impact community meeting, but on the opposite side of town. Hmmm how convenient.
Walmart purchased one of the properties two years ago, knowing that it was classified as residential property.
The school across the street from that property is now getting a new auditorium thanks to a donation by..... Walmart.
Our local water district has been pressuring everyone to cut down water usage and has also threatened to increase rates because there is such a water shortage. Two days ago, they approved the water grants for the retail centers - A Walmart w/ garden center, A Home Depot w/ garden center and a target, plus over 20 other stores and restaurants.
I need to find out who will be making the final approval and get the town to start a letter writing campaign. I have a feeling, though, that this will be an excercise in futility.
Edit: I forgot to mention, I also found out that the City of Lancaster annexed the land directly in front of me, and the land caddy corner to it, where they plan to put up the Super Walmart. (I live in the town of Quartz Hill). This makes things even more confusing.
What kind of a hit can I expect to take on my property values and is there anything that I can do about this? The developers are having a town meeting tonight to get input from the property owners in the area.
Looks like it's time to start looking for a new house. :|
Update:
We had our second community meeting last night. I found out some interesting facts.
Only 6 people showed up to the first one, because nobody knew about it. Very few people received notifications and the notifications themselves, were were vague about the date, time and location of the meetings. Last night, we had and auditorium full of angry home owners (thanks to a few people who took it upon themselves to spread the word).
There was a city council meeting to talk about this development last night as well. It was scheduled at the exact same time as the environmental impact community meeting, but on the opposite side of town. Hmmm how convenient.
Walmart purchased one of the properties two years ago, knowing that it was classified as residential property.
The school across the street from that property is now getting a new auditorium thanks to a donation by..... Walmart.
Our local water district has been pressuring everyone to cut down water usage and has also threatened to increase rates because there is such a water shortage. Two days ago, they approved the water grants for the retail centers - A Walmart w/ garden center, A Home Depot w/ garden center and a target, plus over 20 other stores and restaurants.
I need to find out who will be making the final approval and get the town to start a letter writing campaign. I have a feeling, though, that this will be an excercise in futility.
Edit: I forgot to mention, I also found out that the City of Lancaster annexed the land directly in front of me, and the land caddy corner to it, where they plan to put up the Super Walmart. (I live in the town of Quartz Hill). This makes things even more confusing.