If the Town Council accepts the voluntary annexation requests scheduled for public hearing in their October 2009 meeting, the areas shaded in brown and in red will be the corporate limits of the Town of Oak Island. A 106% increase in total acreage, with only a 1% increase in total tax base !
Of course, there is expected development of the New Bridge Corridor on Midway Road to Hwy 211, but that development may be as far as 20 years out for residential. In our Capital Improvement Plan, approximately $5 million to $6 million dollars is estimated to build a new fire station and equipment. What is the Town's plan for providing infrastructure such as water and sewer? What will be the cost of that infrastructure? Until that area is built out, the current taxpayers will be paying the bulk of the necessary property taxes to provide the infrastructure.
We currently have height limits on our beachfront that can only be changed through amending the Town Charter through voter referendum. When the "mainland" portion of these newly annexed areas are built out, there may possibly be more voters on the mainland than on the island itself. Those voters could possibly obtain a majority vote to remove our height limitations, allowing more buildout of the beachfront and increasing the tax base on the beachfront to give the mainland residents relief on their tax bills.
It concerns me deeply that within the near future, our beachfront is going to be just another Myrtle Beach, with high rise condos, hotels and end-to-end gift shops. We do need our visitors to help the island businesses thrive and survive, but we may end up in the foreseeable future with nothing BUT tourists and tourism on the island, squeezing out our permanent residents and creating just another tourist trap on the island side of the two bridges.