Blount County Ordinance Review Could Raise Costs for D. R. Horton
What happened
D. R. Horton's division president presented to the Blount County Planning Commission regarding the Cluster Development ordinance. He argued that current requirements, such as minimum lot size and open space provisions, would drive up development costs and raise the average new home price. Blount County Mayor Jared Anderson stated he would veto any resolution that reduces minimum lot sizes due to existing traffic and infrastructure issues.
From thedailytimes.com
Why it matters
Blount County is seeking amendments to its cluster development ordinances, which directly affect how D. R. Horton operates within the county. Mayor Jared Anderson's stated opposition to reducing minimum lot sizes could restrict residential density and increase construction costs for the homebuilder.
Local government in Blount County has seen changes, including David Corwin joining the zoning committee and Jared Anderson serving as County Mayor.
From thedailytimes.com
Who's involved
- Blount CountyThe county that sets the cluster development ordinances.
- D. R. HortonThe homebuilding company seeking to amend the cluster development ordinances.
- Jared AndersonThe county mayor who expressed intent to veto resolutions reducing minimum lot sizes.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- D. R. HortonSpeculative
D. R. Horton could face increased development costs due to existing zoning requirements and restrictions on density.
- Berkshire HathawaySpeculative
Berkshire Hathaway may see its stake value negatively impacted by increased development costs for D. R. Horton.
How this reaches others
Each traced step by step, with the reporting behind itKeep exploring
The entities involved
-
Blount County
county in Tennessee, United States
Nothing else this week.
-
D. R. Horton
U.S, homebuilding company