empty subdivisions

[Matt J]

So what happens if the bank says it can't come up with the cash?

 

[AAbsolute]

Can we ask the county to not accept bonds, letters of credits en lieu of installing the services and roadways? or make sure not to plat unitl the stuff is installed?

Why not make sure the process changes to something more equatible. My god, how many subdivisions are there using this method and not being completed?

The system is fine and it works very well. The problem is the mismanagement of the system. All of these improvements are securitized.

 

[Beach Runner]

Speaking of empty subdivisions, why are all of the lots sold in Heritage Dunes on Eastern Lake Road in Seagrove, yet only one of the owners (I think it's one of the original owners of the development) has broken ground? This subdivision has been uber landscaped and with security gates for about two years now, yet it's a ghost town. There's a very nice community pool area, but there are no occupants to use it. Doesn't make sense to me.

 

[Smiling JOe]

Deal, we're not limiting this to domestic right? I'm comfortable with 2 years.

No, and I prefer

.

Two years it is. I'm putting the wager in my BlackBerry right now.

 

[Matt J]

Speaking of empty subdivisions, why are all of the lots sold in Heritage Dunes on Eastern Lake Road in Seagrove, yet only one of the owners (I think it's one of the original owners of the development) has broken ground? This subdivision has been uber landscaped and with security gates for about two years now, yet it's a ghost town. There's a very nice community pool area, but there are no occupants to use it. Doesn't make sense to me.

Probably no build out requirement or it's about to the first gulf front branch for some bank.

No, and I prefer

.

Two years it is. I'm putting the wager in my BlackBerry right now.

I'm gonna go put it in the SoWal calendar.

Here's my pick:

 

[Matt J]

Done.

http://www.sowal.com/bb/calendar.php?do=getinfo&e=566&day=2010-12-2

 

[scooterbug44]

What exactly are the terms?

Does St. Joe have to close on the land in 2 years, release lots in 2 years, or what?

 

[Matt J]

They just have to purchase it in two years. If not I own SJ a beer. This ain't Vegas, we're pretty informal round these parts.