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Old Watauga High Appraisal In: 12 Days to Wait PDF Print
Written by Steve Frank   
Friday, 01 July 2011 10:09

The Watauga County Commission now has their appraisal of the value of the old Watauga High property in hand—two days too late to have possibly taken other action in their meeting Tuesday of this week. The commissioners have been waiting for that information ever since rejecting a first offer on the property—$7 million—over a month ago, and again, without it, they did the same Tuesday with a $10 million offer from Miller Properties. New County Manager Deron Geouque said yesterday that the appraisal is indeed in house, but with the holiday, the first official look—and release of the number—will come July 12th at the next scheduled commission meeting.  Commissioners have wanted to counter-offer both firms, but without knowing how much the property is worth in the current depressed real estate market—and with the water limitations from the town of Boone—they have been unable to make such an offer.  The county owes some $25 million on the property.

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