ASHBURN, Va. (DC News Now) — Homeowners in a Northern Virginia neighborhood are weighing a rare, high-stakes offer: more than $4 million per home, but only if every neighbor agrees to sell.
The proposal targets 143 homes in The Regency, a subdivision in Ashburn, at the center of Loudoun County’s data center corridor. Documents obtained by DC News Now show the potential deal could total more than half a billion dollars.
Every homeowner must agree to sell and ratify a contract with the buyer for the deal to move forward. Residents would receive six-figure deposits, according to the proposal, which would be non-refundable upon zoning approval. They would also be permitted to stay in their homes for 11 months, tax-free, following 30 days of the close of a sale.
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For some homeowners, the offer represents an opportunity to leave a community they say has changed dramatically, saying the neighborhood is no longer the quiet, suburban enclave it once was. Surrounded by data centers and near the Ashburn Metro station, some say noise and ongoing development have altered the character of the area…