I really don't understand the frustration here…
Pros: 1) nice housing development that is good for neighborhood and community 2) major investor - just like any other investors 3) will house working people who pay their taxes like everyone else 4) will inspire people for greatness rather than degrade them with a slum mentality 4) will help the entire community grow and proper 5) with local support and uplifting, could increase the value of surrounding homes
Cons: the goals and possibilities of this new development adding value can be sabotaged by negative thinking, resentment and retaliatory acts
Please don't choose that path - think positive and embrace this investor like you would any other real estate investor.
If you think positive, it will turn out positive for the entire community.