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Developer outlines Cave Rock master‑plan: 350–400 homes, developer projects new tax revenue and jobs
Summary
A developer told Alleghany County commissioners he plans a 5–7 year master‑plan community on the former Cave Rock property with about 350–400 homes, estimating 111 jobs, an $8M sunk investment so far and $1.4M a year in new property tax revenue in a mid‑case projection.
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Rabbi Woody Goss presented a master‑plan community proposal for the former Cave Rock property, telling commissioners the project will take five to seven years and produce roughly 350–400 homes.
Goss said the project team has invested about $8 million in labor and materials and has spent more than $12 million on land purchases. He told the board the development would create an estimated 111 jobs and generate an annual increase in local business demand; he cited a mid‑case annual lift of about $11.8 million and an eventual annual projection of $18.2 million in economic activity. On projected tax revenues, he said, “Our average base price for houses has estimated roughly $4,100 in real estate tax… which will be the equivalent of $1.4 million in new taxpayer dollars to the county.”
In response to commissioner questions, Goss said the first 20 homes will be ready by August and that school planning is expected to begin in the fall. He described water and sewer options under study — one well and septic per acre vs. possible community systems — and said the team is evaluating costs to extend town utilities. He also said the developer has discussed clinical and emergency‑care capacity with local hospital leadership and expected that additional residents would help the hospital secure more resources from its parent company.
Commissioners asked for more detail on utilities, school planning and public‑health implications; Goss invited commissioners to tour the site. No formal approvals or county commitments were requested at the meeting.
Next steps: developer offers site tours and has committed to follow up with feasibility studies on utilities and school capacity before seeking any required county approvals.

