Date: Tue, 4 Feb 2014 06:28:51 -0500
From: Gene Galin
Subject: Preston’s developer thinks bigger, proposes new 22,000 home city in Chatham County
From the News & Observer –
*Preston’s developer thinks bigger, proposes new 22,000 home city in Chatham County*
Chatham Park is the brainchild of Tim Smith, one of the most successful developers in the Triangle. With the sole financial backing of SAS co-founder Jim Goodnight – one of the 100 richest people in the world – Smith’s company, Preston Development Co., has spent more than $100 million in recent years buying a spread half the size of Chapel Hill.
If built, Chatham Park would be the largest private development in North Carolina’s recent history. It would transform the town of Pittsboro, which the developers hope will be their host and partner.
Read more here: http://www.newsobserver.com/