Thanks to the vast expanse of the United States, in this sparsely populated country, many pieces of land are quite unique.
Even though the area around Atlantic City isn't suited for farming, there are actually still quite a few pieces of land here that have been bought by individuals and turned into farms.
As Elwood Village developed, its people, before they had better investment opportunities, basically used all their capital to buy land. If Nucky is the largest landowner in Atlantic City, then Elwood Village is the biggest landowner outside of Atlantic City.
In Donnie's plan, the creation of the new North District will involve some of the land owned by the villagers of Elwood Village.
Of course, Donnie naturally has to discuss this matter with everyone well in advance.
Furthermore, because they want to leave more land available for Atlantic City's development through the building of the new North District, their relocation is a bit far.