Huge Commercial Project in West Alton

John Mercier · 03-16-2024, 08:07 PM

The Glidden Rd parcel that I posted of is one of them.
But the Cherry Valley parcel is another.

The division of the lot into those smaller parcels will actually make them too small to gather the interest of wealthy homeowners.

High end compounds can be made reasonably on two acres... so the desire for 10 or more is actually a focus on the current use taxing principle. The larger lot provides for more privacy, while allowing all land that is not put toward added development into a reduced taxation state.

I am guessing they will market these to buyers of a more modest means.

03-16-2024, 08:07 PM	#11
John Mercier Senior Member Join Date: Jun 2021 Posts: 3,983 Thanks: 3 Thanked 678 Times in 561 Posts	The Glidden Rd parcel that I posted of is one of them. But the Cherry Valley parcel is another. The division of the lot into those smaller parcels will actually make them too small to gather the interest of wealthy homeowners. High end compounds can be made reasonably on two acres... so the desire for 10 or more is actually a focus on the current use taxing principle. The larger lot provides for more privacy, while allowing all land that is not put toward added development into a reduced taxation state. I am guessing they will market these to buyers of a more modest means.