Waterstone is a proposed development planned for a tract of land south of Hillsborough along N.C. 86 at Interstate 40.
The 340 acres will contain apartments, stores, houses and offices.
Residents were primarily concerned about overdevelopment, which they say can cause drought, and also traffic and security issues that will increase when a proposed road connection is built to link the development to other areas of the town.
Chris Smith, a UNC sociology professor who lives in a development that would border Waterstone, attended the meeting because he wanted to ask if Waterstone is the best development for Hillsborough and if it follows town planning agreements.
"The original plan was to create some areas for office buildings that can provide job opportunities for people, and those areas will not cause too much extra water usages, unlike this master plan," he said.
Hillsborough Mayor Joe Phelps said the main problem surrounding Waterstone is financing it.
"For this development, someone has to put sewer lines in, and the town cannot afford roughly $3 million," he said.
Another major concern of residents is the effect of this development on water use. Some said once the town expands, water use will increase tremendously.
Holly Reed and other residents suggested building a water system below Fletcher Road to accommodate the potential increase in usage.