Today’s Daily Sun, December 2nd, ran the story of the LLLC closure on the front page. The paper quoted a spokesman as saying the plaintiffs viewed the LLLC as a “…rich target with deep pockets.” This person also said the school tried for several years to offer reasonable accommodations including hearing interpreters and assisted hearing devices, but to no avail.

The article said 18,000 residents were affected in some manner including course cancellations etc. Also impacted were 200 paid instructors and 50 workers including paid staff and unpaid volunteers – all of whom have now lost their jobs. Thus, there is some type of measurable economic impact here. It’s also clear the collective TV lifestyle for all residents has been negatively impacted by the closure of the LLLC, but to what extent?

It got me to wondering …. there are about 50,000 homes in TV. Not sure what the average (i.e. mean) market value is, but an estimate is $250,000. No one knows the negative $$$ impact the class action will have on all of TV’s homes market value over time. However, if one assumes it’s only ¾ of one percent, and it’s probably at least that, that still amounts to about $90 million in lost housing market value alone due to the untimely end of the LLLC.

Thus, it occurs to me that since this lawsuit is apparently what caused the demise of the LLLC, my guess is someone may well investigate the feasibility of a counter class action suit for damages.

With over 120,000 people negatively impacted by this group’s action, I’m guessing many would consider joining such an effort if offered to them. I guess we’ll see what happens in the next few weeks and months??? Among other things, people will be looking to the HOA and POA to take the leadership role in figuring out what the most appropriate next step should be. I personally don’t know what that should be.