Fayette County experiencing economic growth - Mid-South News, Weather, Traffic and Sports | FOX13

Fayette County experiencing economic growth

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FAYETTE COUNTY, Tenn. (FOX13) -

If you have not been in Fayette County, Tenn., lately your are probably among a small minority. It's sort of like what Yogi Berra once said, "Nobody is going there anymore, it's too crowded."

The growth is apparent in new business such as a huge distribution facility near Piperton and Norfolk Southern's new Memphis Regional Intermodal Facility, which began partial operations this month.

The growth is also evident in the number of new home starts and all of it sparked by what the Fayette County Chamber of Commerce says is  Fayette County's "lower taxes and better living."

So how do the longtime residents of Fayette County take to all the progress? It depends on who you talk to.

Allen Wilkerson owns a  home repair-remodeling business and he says he could not be happier. He says there is a subdivision going up everywhere you look in Fayette County, including businesses. He adds it's a big impact on the county.

John Cox is a land owner whose family has been on the same Fayette Co. land since 1802, but he says the cost of raising horses and cattle is getting to be too much to stay on the land here. Cox says lots of folks have a hard time breaking even. They can't make it as farm land, saying land was going for $500 an acre in parts of Fayette Co., and now he's seeing land go for $45,000 an acre.  Cox says you can't make that farming.

While land may be going up in price per acre along with the land taxes, some land owners say selling for a good price depends on where your land is.

Bill Elder is a land owner who owns 140 acres - some of it planted, some running cattle and some timber, along with charging hunters to bag turkey and deer in the fall, but so far his land has not brought any buyers.

With higher taxes almost a sure thing for anyone living in Shelby County, and, some say, higher crime, many people are like Robert Anderson who moved to Fayette County three years ago for the lifestyle and lack of crime.

Add that together and even higher land taxes probably won't be enough to stop the growing migration from Shelby County to Fayette county.

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