Quote:
Originally Posted by JimJoe
What is the difference between "pure" profit and profit?
Did the IRS preliminary ruling think it was a fair price?
What revenue stream do facilities in the villages generate?
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Hi JimJoe,
By "pure" profit I meant profit from just the construction and sale of a facility and it's appreciation. I maybe did not use the best of terms. (Too sad at having left TV yesterday and having to go back to work  ).
A facility like the Savannah Center will generate money that Villagers pay to attend events there. If the developer retained that property he would earn the profits from the revenues (less expenses) that it generates. By selling it, he knows it has a value beyond the brick and mortar in the profit stream it will bring.
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Holyoke, Mass; East Granby, Monroe, Madison and Branford, Conn; Port Clyde, Maine; North Myrtle Beach, SC; The Village of Bonita (April 2009 - )
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