Commercial Development
I want to support efforts to relieve
the tax burden on Town property owners. I want to diversify
our tax base by encouraging new businesses to come to Carrboro,
continuing to educate the public about the need to “Shop
Orange,” and nurturing and supporting our existing businesses.
With 89% of our tax base from residential property taxes, we need to
carefully consider ways to attract and maintain commercial
development. The residential developments planned in and near
downtown Carrboro (and Chapel Hill) will provide many more consumers
for Carrboro restaurants, stores and office space. Proactive
economic development will help our existing businesses capitalize on
these opportunities for growth, and incentives should be explored to
encourage new enterprises.
We should enlighten persons interested in business opportunities about
services or areas not currently served (or under-served) in
Carrboro. The Main Street project will include a
hotel. This will be the only hotel in Carrboro, and it is
possible the town and nearby university could support another
one. Persons living in the northwest area of Carrboro would
welcome a grocery store closer to their homes. Many more
residents will be living in this area soon with the development of the
Winmore and Claremont properties, among others. The clientele
already exists and will continue to grow for these services.
We should carefully consider attracting larger retail to help diversify
our tax base, but we would need to identify a suitable location for
such a store, and then investigate what town resources can make this
happen. Efforts should be made to attract a store
that will not take away from Carrboro’s existing commercial
establishments, cornerstones to the uniqueness of our town.
Carrboro’s economic development plan should be coordinated
with a comprehensive plan for Orange County. Because sales
tax in Orange County is divided among the municipalities, products
bought anywhere in the county benefit Carrboro. The
educational campaign to “Shop Orange” must be
continued, our residents need to be aware of how their shopping choices
affect our tax base.
