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Pittsboro redevelopment commission approves declaratory resolution for 6.4‑acre economic redevelopment area
Summary
At its July 2 meeting the Pittsboro Redevelopment Commission approved Resolution 2026‑RDC‑3 to declare about 6.4 acres on the west edge of the steel mill property an economic redevelopment area; the item will proceed to the planning commission and then the town council.
At its July 2 meeting the Pittsboro Redevelopment Commission voted to approve Resolution 2026‑RDC‑3, a declaratory resolution to designate roughly 6.4 acres on the west edge of the steel mill property as an economic redevelopment area and to forward the proposal to the planning commission and, subsequently, the town council.
The motion passed after brief discussion and a unanimous voice vote. Chair called for a motion to approve the resolution; a motion was made, seconded, and the Chair said the motion carried.
Why it matters: The declaration would allow the town to capture the incremental increase in assessed value from development on the designated parcel to support infrastructure and other project costs. Commission members described the site as currently undeveloped land that a private developer would improve, with the commission capturing tax increment above current assessed value to fund those upgrades.
Discussion: A Committee member corrected an error in the draft packet, saying, “the original draft of the documents said a 155,000,000 Dollars project and it's not that. It's a, $5,000,000 project.” That clarification reduced confusion about the scale of the project in the materials provided to commissioners.
The Chair raised concerns about potential effects on local schools and tax rolls, asking, “How's this gonna affect the schools? I mean, taking taking $5,000,000 off the tax rolls. Do you have you guys ran any numbers of not getting property taxes off of that?” The Committee member responded that a 6‑acre, primarily commercial project would be unlikely to materially harm school funding, but he warned that much larger mixed‑use developments that included housing could increase student counts and create different fiscal pressures.
Next steps: According to commissioners, the commission's declaration is an early procedural step. The item now moves to the planning commission (the speaker estimated end of July) and then to the town council (likely in August) for further review and any final approvals.
Details: Commissioners and staff noted the area referenced in the resolution packet as about 6.4 acres and identified the likely builder as Jaden Weld Drilling. No detailed employment projections or final incentive terms were provided at the meeting.
The commission adjourned after the vote.
