The Cliffs at High Carolina

GoToby, a reliable real estate news source concerning development at The Cliffs Communities, has just posted on his site http://GoToby.com that there has been a major change in the Cliffs sale staff. http://www.gotoby.com/news.php?id=911

There are rumors that the Tiger Woods billboards are coming down and The Cliffs at High Carolina may not be far behind.

Would anyone be able to corroborate these rumors?

—The Buncombe County Soil Hazards Map has not been released—

Location of The Cliffs at High Carolina
Subdivision and Tiger Woods Golf Course
on Buncombe County Hazardous-Land Map— NCGS.

The Cliffs at High Carolina Engineering Report

Cliffs Communities, Inc., developer of The Cliffs at High Carolina, disclosed in their October 21, 2008 subdivision Property Report that all of the ninety-nine (99) single-family building lots offered for sale on November 8, 2008 were evaluated by S&ME, Inc., a Raleigh-based engineering firm, for the possible presence of colluvium materials.

The High Carolina Property Report Hazards section states that:

Federal Disaster Declarations Result in Landslide Hazard Studies

In September 2004 fifteen Western North Carolina counties were in a state of emergency after rain-initiated landslides caused loss of life and catastrophic damage. To fulfill federal hazard mitigation requirements, the North Carolina General Assembly authorized a 19 county landslide mapping program in February 2005. Governor Mike Easley stated in an October 2006 press release that

When Did They Know?

Buncombe County officials were notified in August 2004 that the mountain land under their jurisdiction was geologically hazardous. This was not the first hazard designation for the county.

Smog covered downtown Asheville on July 21, 2008. A Code Orange air quality alert was issued for most of Western North Carolina, especially mountain elevations. Photo compliments of the Asheville Citizen-Times.

In November 2008 The Cliffs Communities, Inc. will begin showing land in their latest planned community, The Cliffs at High Carolina. This mountain slope development is located near Asheville, North Carolina.

During the private sales presentation, participants will have the opportunity to view the layout for the 3,200 acre mountain property that define High Carolina. Guests will be shown a map for the centerpiece Tiger Woods golf course and selected homesites. They will almost certainly be told that the High Carolina lots which are priced from about $500,000 to more than $2 million are desirable real estate. While this information may be true there are two factors that may undermine the future value and salability of land in this development.

Geologic Hazards

Smog covered downtown Asheville on July 21, 2008. A Code Orange air quality alert was issued for most of Western North Carolina, especially mountain elevations. Photo compliments of the Asheville Citizen-Times.

It is all about the timing.