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Originally published: 2013-05-16 09:18:39
Last modified: 2013-05-16 09:18:37

Templeton offer out; old WHS back on market

Templeton Properties officially withdraw its offer Sunday on the former Watauga High School property, and Watauga County officials are already planning for the next steps.

Phil Templeton said in a letter sent to the county May 6 that he intended to withdraw his $18.9 million offer effective 5 p.m. Sunday due to the Boone Town Council's "adoption of the discriminatory, anti-multi-family housing regulations" in February.

On May 10, his attorney sent a letter to County Attorney Four Eggers requesting a return of the earnest money, Chairman Nathan Miller said.

Miller said the county is still getting interest in the property despite the conflict with the town and despite claims that the new regulations have devalued the land.

"There's still interest, but nobody's given me any numbers," Miller said.

Miller said he met in late April with a potential buyer -- one who hadn't made an offer before -- about a potential plan for the property.

Miller wouldn't reveal who the interested party was, saying he didn't want to "scare off buyers." He also would not say what plans the potential buyer presented but said he wasn't sure whether they "would actually work" or whether the entire Board of Commissioners would be in favor.

At least one other potential buyer -- one who has expressed interest before -- has again been in communication with County Manager Deron Geouque, Miller said.

Miller said he believed it would be "weeks to months" before the county might receive an offer.