Rumor (2nd hand) but logically interesting~~
Just wondering if anyone down in the Villages has heard of this – think it strange how I come to Rhode Island and get this Villages news.
Today I met a guy from Kentucky who is here in Rhode Island for training the polo horses at the Middletown polo fields (just outside Newport). He told me that at one time he worked for the Morse family to train and bred their polo ponies. Then he told me how the “family” is going to buy the Padua Farm on Route 301 just north of Route 42. This is an 800 acre farm that has been for sale for the past three years. Just check this place out:
Padua Stables - Ocala Horse Farm | OUTRAGEOUS LUXURY
The farm is values at over 35 million but the family is getting it for just over 12 million. He claimed the family is then going to move the whole polo operation from the Villages to the farm . . . allowing them to then build on the land where the current polo fields are located. (They also own more land in back of the polo grounds. He said they may even move all the families over to the new farm and use all their current lands on 466 as development . . . they could build at least 2,500 more home if they do this. (that would be about a quarter of a billion dollars in profit)
So my question is, has anyone heard any rumors down there?