ORANGE COUNTY, Va. (CBS19 NEWS) -- Orange County could be getting a big economic opportunity, but it may bring higher taxes. A brand new, mixed-use development is in the works, if the Orange County Board of Supervisors decides to rezone a chunk of land in the eastern part of the county.

On Tuesday, many residents showed up to a public hearing about the proposed Wilderness Crossing rezoning. The development would require rezoning more than 2,600 acres.

"There is all kind of issues with the development," said J. Bryan Nicol, a member of the Orange County Planning Commission.

In early April, Nicol voted against a mixed-use development that would be the largest of its kind in the county's history. He shares many of the same concerns other county residents have.

"There are insufficient buffers. There's no noise ordinance,” he said.

Nicol says the county failed to conduct its own independent fiscal analysis of the project. Another issue causing worry is the potential rise in taxes.

"I expect the tax rates to go up to northern Virginia levels," said Orange County resident Paul Moog.

The development could have environmental and historical impacts too.

"They are proposing high buildings that are 80 foot tall that’ll really mess up the landscape up around the Wilderness Battlefield," said Nicol.

However, some residents who have these concerns, still think development would be good for the area If done the right way. Residents in favor also believe there are economic advantages to the development.

"I am for development but it needs to be done following the rules with full transparency and taking into consideration the lives and well-being of the citizens that are of Orange County," said Orange County resident Vicki Tarallo.

The developer says it would bring more than $300 million in cumulative net-positive revenue over the next 40 years.