just heard another interesting bit of news from someone on the sandestin sales team. they are planning to build two new developments asap!
apparently, they are razing part of the raven golf course to build patio homes and will build another development on the bayside. this does not include a high rise hotel in grand boulevard.
there are still 3 unfinished developments who had to halt construction during the downturn and yet they're going to build more?
sandestin still owns a number of properties and are in the hole. if they wanted to unload them they should be adding value to the resort (maybe build the water slide they've been promising for 10 years) instead of trying to raise revenue by building more properties!