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St. Joe's Breakfast Point community

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St. Joe is slipping - they didn't get the rules changed prior to submitting their new development so it will actually have to go through an approval process.

Must be a new person/division who doesn't know the rule is to legislate a new maximum number of units allowed, then announce your new development w/ 1 unit less than the new maximum ;-).

Love how they have already gotten the Bay County school district to commit to spending $29.7 million on a school in a community that hasn't been approved yet!!!

This thing is HUGE!
 
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?The market will tell us what to do,? Ray said. ?Right today, what we think is going to happen is that there will be demand aplenty.?


Ray must be a bit hard of hearing:

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er-trmpt.jpg


HEY RAY!!! The market isn't telling you there is "DEMAND APLENTY"....

It's saying "THE FIT WILL HIT THE SHAN UNTIL 2020!!!"

:roll:
There's no bottom here yet folks, nothing to see right now, move along.




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C A S I N O S

Only thing that makes sense to me

It's too big of a venture not to have information prior to this huge commitment
 
we'll now see if Einhorn's right, that their land isn't worth 2K/acre in 2017 DCF adjusted dollars...

as to the comment above about 'such a large commitment'.. i wish the implication was true, but JOE hadn't really committed anything on this, other than a press release and some baloons....

it's a big trial baloon..... a call option
 
I see what ya mean.
Public companies though do tend to halve a lot going on for awhile such as the Bay county funds school etc. before ANY offical press .

Any who, Does any one else keep hearing the Casino chatter?
 
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I don't see it as a sign the casinos are going in. There are actually a couple of diferent megadevelopments in the area like Holley By The Sea, Bluewater Bay or Hammock Bay that started out with just as big or bigger plans for development in areas that are a lot more rural than PCB.
 
I see what ya mean.
Public companies though do tend to halve a lot going on for awhile such as the Bay county funds school etc. before ANY offical press .

Any who, Does any one else keep hearing the Casino chatter?


This development has been no secret and the funding of the school has been an issue for the Bay County School Board for months. There is absolutely no truth to the casino rumors. This will be a residential development with commercial expanded where the Home Depot now is.
 
This is what started me thinking

poker.thumbnail.jpg

So says the Miami Herald
Floridians defeated casinos in bruising statewide votes in 1978, 1986 and 1994. But that was before poker rooms throughout the state and slot machines at Indian reservations and Broward County parimutuels made Florida what it rejected three times over: a gambling state.
Now the state has casinos ? 11 of them, eight run by Indian tribes, with three more possibly on the way in Miami-Dade County ? and gaming of one sort or another from Jacksonville to Miami.



and this



Casino Chaos in Florida As Poker Limit Restrictions Loosen
July 2, 2007
The state of Florida is steadily moving closer and closer to the legalization of full fledge gaming, another step was taken on July first as the state's poker limits were increased, and pot limits eliminated...



and this...




"Whether it has recognized the fact, Florida is on the verge of a major expansion of legalized gambling," said Joseph Weinert of Spectrum Gaming Group. "In five years there will be widespread casino gambling in Florida."

The public is pressuring Florida for more government services and lower taxes, which is fueling the interest of lawmakers for statewide gambling as a means to provide this.

Gambling could be just what the doctor ordered to cure the ailing tourism strips in Osceola and Daytona Beach, which is in an economic downturn.

The Seminole's currently bring in approximately $1 billion annually (which is not taxed) and has plans to expand it's Hard Rock Hotel and Casino brand and build it into a gambling empire.

"Legalized gambling is a me-too phenomenon," says Weinert. "If a neighboring market has it, then you want it. Once the genie is out of the bottle, it is difficult to stop this type of enterprise from growing."

The Tampa Bay Convention and Visitors Bureau is ecstatic over plans by the Seminoles to expand the Hard Rock Hotel and Casino in Tampa, saying the "casino expansion will add a lot of glamour to Tampa as a destination."

Weinert predicts the tribe will eventually compete with Las Vegas and Atlantic City because Florida is already an attractive destination state.




and this....
Florida Given 60 Days to Deal With Seminoles Over Full Gambling


The state of Florida has 60 days to reach an agreement with the Seminole Indian Tribe of Florida over the expansion of gambling for the Seminole casinos in the state.

In a letter to Florida Governor Charlie Crist, Interior Secretary Dirk Kempthorne said he would rather see the two sides reach an agreement than have the federal government enforce rules that would allow the Seminoles to start Las Vegas style gaming.

"If the parties do not reach an agreement on all or most of the outstanding issues within the next 60 days, I will review my options at that time," said Kempthorne in his letter to Crist.

As we reported earlier, the Seminoles are arguing they have the right to install any Class III gaming which includes table games, after voters in Broward County approved Vegas style slots last year.

Florida is in a unique position to offer this type of gaming on an exclusive basis to the Seminoles. If done right, the State could limit the number of casinos and at the same time prevent larger gambling enterprises from entering the Florida market. The state is hoping to craft a deal that will give it a percentage of the slots for exclusive rights within the state for full feature casinos.

If the State fails to reach an accord with the Seminoles within the 60 day time period, it is certain to be the big loser. A result of no deal would mean the Interior Department would allow the Seminoles to expand to full Vegas style gambling and at that point it would not be required to share any revenue or do any reporting to the state.

June 27, 2007
Posted By Bob Hartman
Staff Editor, CasinoGamblingWeb.comhttp://www.casinogamblingweb.com/ga..._with_seminoles_over_full_gambling_46656.html
 
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