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Canton faces about $1.5 million revenue shortfall after mill closure; resident urges caution over potential buyer
Summary
At its Sept. 12 meeting the Town of Canton9s mayor told the board the town faces an approximate $1.5 million loss in tax revenue after a local mill closed; local motel owner Howard Knepper urged caution in negotiations with a potential buyer, Eric Spirtas.
Mayor Zeb Smathers told the Town of Canton board at its Sept. 12 meeting that the town faces an approximate $1.5 million loss in tax revenue following the closure of a local mill, and a resident urged the board to take a cautious approach to any proposed sale of the mill property.
Howard Knepper, who owns a motel and restaurant on Asheville Highway, asked the board to address what he called…
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