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Anchor Development lays out three options for Old County Courthouse site; commissioners request more data
Summary
Anchor Development presented three proposals for the Old County Courthouse — adaptive reuse (165–200 units; estimated $50M redevelopment and ~$20M financing gap), demolition and rebuild (90–120 units; demo estimated $1–2M) or sale with proceeds split into a community land trust and housing funds — and commissioners asked for financial details and procurement clarifications.
Representatives of Anchor Development presented three alternative approaches to using the county‑owned Old County Courthouse site during the Forsyth County Board of Commissioners’ Dec. 1 briefing and answered commissioners’ questions about costs, financing and procurement.
Anchor’s executive director, introduced to the board by a staff member, outlined the options: an adaptive‑reuse conversion of the courthouse into roughly 165–200 rental units with a ground‑floor market and supportive services; demolition and new construction of a podium structure with about 90–120 units; or selling the building and splitting proceeds among a community land trust (CLT), rental stabilization/home repair programs and a first‑time buyer fund. "We would be looking at nearly $50,000,000 in redevelopment costs and about a $20,000,000 gap," Anchor said when discussing the adaptive reuse scenario.
Key details and financials presented or discussed:
- Adaptive reuse: Anchor estimated 4–5…
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