Commissioners press developer on appreciation clause, pool access and local hiring
Commissioners asked the developer to explain the appreciation clause, confirm pool access would be resident‑only, and pressed on whether construction jobs would go to local workers; the developer described upside sharing, said the pool is for residents, and said local subcontractors would be used when possible but could not guarantee a percentage.
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During the public hearing a Commissioner asked for a plain‑English explanation of the "mutually agreed upon appreciation clause." Grant Dean said the clause would allocate a negotiated share of any sale upside above pro forma: "if we go sell the project for 51,000,000, then the county and TRG and Bowen Capital would say, hey, county. Here's x percent of that additional upside that that we created because you helped us get this project out of the ground," he explained.
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