The end of the middle class in Chatham?

You good folks may just get lucky and get rid of me.

With impending regulation, bringing in national chains and a hotel to sell LBTD, there will be two economic classes in Chatham. The very wealthy and the very poor.

The proposed Major Corridor Ordinance will stand to make the property owners located in "nodes" of development wealthy because their land will be marketable - an estimated 7% of Chatham residents. My understanding is that much of the 'nodes" are full at this point anyway (which is why what's left would be so valuable). The remaining areas of the Major Corridors of Chatham could be Commercially marketable areas, but revenue opportunities will be lost on the local Chatham business person. Also certain to suffer will be the families who intended that pass the property in these areas on to their families. The only people who will be able to afford the time and cost of development and zoning requirements as a result of passing the MCO, will be national companies. Some won't even come because the aesthetics restrictions will be so limiting, that even corporations will not want to build a business that will have to be hidden, be not as accessible and also have to maintain a appearance that will be restricted by universal requirements to all Chatham businesses - not unique to theirs.

Government will continue to increase, as will social programs. The government jobs that will have to be created (and in some cases already have been) to monitor all of this regulation, etc. will be a taxpayer burden. These will be HIGH paying jobs for a mere few.

The social programs will keep the poverty in poverty.

My family is in the middle. We don't qualify for social programs and we don't have property in the "nodes".

I am not going to start packing today - I really want to keep my children here and in their school, but come on. Is anyone else making this connection? Or is it just me?

 

 
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