That’s right – it was front page news today in The Cherokee Scout. The Cherokee Indian Tribe has 793+/- acres secured to potentially grow their casino business from the Cherokee to Murphy (the land is actually in Marble, which is between Murphy and Andrews NC). The growth of this enterprise will be a huge influx of capital and jobs to Cherokee County and give our beautiful mountain area another attraction for folks to come and enjoy. The opportunities to be created here are amazing!
How will this affect real estate values? Right now it’s not even happened yet, so the effect won’t be immediate. There likely will be some “land grabbers” who will purchase land around the future casino site as an investment. As the casino is built and future development, restaurants, etc. are built up, surrounding land values will most likely increase. If you’re searching for an investment opportunity, you have the highest opporunity for reward early in the development.
Looking to capitalize and buy land around the future site? Email us or call today to secure the best buys and investments early in the project!