Talk of The Villages Florida - View Single Post - Developer owned utility to be sold to TV for $98.5M
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Old 10-18-2019, 10:48 AM
OrangeBlossomBaby OrangeBlossomBaby is offline
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Quote:
Originally Posted by manaboutown View Post
Any thoughts on this? Was it an arms length transaction? What did it cost to build this depreciable asset? What is its true current value?

For more info see the unmentionable online news.
If I'm reading the same article (which has a different title), then it looks to me that the deal isn't complete. That 98M is the purchase price IF the deal goes through. It's not a done deal yet. They probably need a lot more approvals, including from the Florida Public Service Commission, which regulates the water company. The most recent docket opened by them was in 2014.

So it doesn't look like they're anywhere near an actual purchase yet.