You provide a good hypothesis as to the "why" behind the several significant different development trends appearing in the last couple of years. As noted, the developer family has strengthened its future repeating income streams.
I personally would be saddened if the developer leaves us to be saddled with a public corporation which in turn is saddled with significant leveraged debt and only interested in maximizing future short-term cash flows and quick payback to shareowners. Not only that, but a lot of the rights governing our community which we have trusted to the developer would be transferred to the succeeding corporation.
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All of us could take a lesson from the weather. It pays no attention to criticism.
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