Quote:
Originally Posted by Chellybean
I understand your point but i think you missed mine.
There are deals made behind closed doors that we are paying for that should be paid by impact fee's etc... We all paid heavy bond cost and now we have to pay for future development and cost!
I call that double dipping, the only ones in favor of double dipping is George on Seinfeld.
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I believe there is always a big third dip to come. When an area is fully developed the developer "sells" to "Us" all those wonderful amenity sites that most new buyers think are already part of "The Villages Package". The price to "Us" is based on the future revenue stream of those amenities as paid to the Developer through a portion of our monthly amenities fees. That price seems to be in excess of what was probably spent by the Developer, who makes another nice profit. More bonds are sold and their paydown is an allocated portion of our future amenity fees. In the past anything that seems to "makes money" is retained by the Developer, such as Championship Courses, club houses and associated pools, commercial areas and some utilities. Even some of those apparently did/are not generating the expected return on investment and have been sold/offered for sale to the CDD's. The one exception to selling under-performing assets is probably the operation of the Championship courses which are probably viewed as having great advertising and image value necessary in selling The Villages lifestyle .