You Own It? You Can Do Anything You Want With It?
Wow. Are you serious? What if they were to build a prison? They own it - they can do it? What if they put in a paper factory (they smell)? They own it - they can do what they want to it?
The legal fact is - was a "reliance to their own detriment." Which means - they purchased with a reasonable assumption of what they were investing in (country club, etc.) and - they were lied to.
The other simple fact is this. In a few short months - with Katie Belle's and this - the Morse family has diminished trust by thousands of Villages. The business model was driven by very happy people literally "begging" friends to move here to. That is their "golden goose" or in business called their "strategic competitive advantage."
Knowing the attitude is "I own it - I can do whatever I want" is an "in your face" attitude. Personally - I really like living her overall - but I understand the people who are very upset. I lost trust in the Morse family - and will be less likely to encourage friends to move here. Why? Because who knows what the Developer will do - because it is all about money - not the purpose and trust and strategic business model that came before him. Overtime, The Villages won't be so special - just bigger than other retirement communities; that would be a shame.
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