Quote:
Originally Posted by The Shadow
The SLCDD which is similar to VCCDD, so similar that they have the same phone number, both are controlled by the developer, is buying the amenities south of 466.
The VCCDD controlled by the developer, without being required to get residence approval, destroyed an architectural beauty, Katie Belle’s, a residence only club. Now open to the public. Granted low profit could have dictated the change.
When the SLCDD acquires play for free golf courses and Recreation Centers they will have served their purpose of bait for residential buyers. The Recreation Centers could become mini malls or whatever and the golf courses could be new villages. If you don’t like it don’t let the door…….
North of 466 did it right having an AAC.
For those who say, I love the developer, he would not do that. I say don’t let him.
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Well, that certainly is a worse case scenario.
The developer owns the building that contains Katie Belle's. As the owner, he has the right to determine what goes in the building. If the place was doing well, i.e. ROI, nothing likely would have changed. IMO, the restaurant was not returning enough, especially compared to what could be gained by reducing its size and location, opening it to all, and creating a new lease space on the ground floor.
But, you've touched on the one aspect of this transfer that is most concerning. Instead of an AAC for the southern residents, they have decided to use the PWAC to administer amenity funds. But, the PWAC is controlled by the SLCDD with residential CDD representatives present in an advisory capacity only. The north AAC had an advantage in that the revenue from the lawsuit gave them a fund from which they could draw as needed to care for and expand amenities as needed. There is no such nest egg for the south.
Regarding "don't let him", there is no way I can see, unfortunately, outside of legal action that residents can alter the arrangement. The district has already rejected a south AAC. I'm not sure what basis exists for a lawsuit, anyway.