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Suburb Irks Developers With Six-Month Project Freeze

DAVIDSON, NC-Phil Gandy has invested a half million dollars in property outside of this town, 20 miles north of Charlotte, and fears the moratorium will cost him $30,000 a month on his debt load.

By Robert Anthony | Updated on November 30, 2000

DAVIDSON, NC-This bucolic town some 20 miles north of Charlotte has voted for a six-month moratorium on new commercial development. Like so many other towns growing rapidly as a result of population overflow from Charlotte, Davidson has become one of the hottest growth spots in the region.

Developer Phil Gandy has invested half a million dollars in property outside of town and says the Davidson moratorium will cost him $30,000 a month. Gandy believes the action will have a serious economic impact on landowners.

Some developers believe the building bans interfere with property rights and only serve to encourage suburban sprawl. If projects are not possible in towns with building bans they will look for land outside the town’s control.

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