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05-17-2022, 05:02 PM
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Sage
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Join Date: Feb 2015
Posts: 10,183
Thanks: 8,171
Thanked 11,354 Times in 3,808 Posts
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Quote:
Originally Posted by mtdjed
What real skin does Lady Lake have in Spanish Springs? No investment or owned assets. Perhaps they provide some services for which they are paid. The town centers such as Spanish Springs, Lake Sumter Landing, Brownwood are developer investments. The developer is in a far better place than Lady Lake to know how to manage their assets. As time goes by and stores turn more towards internet sales, existing building assets need to be recycled to new uses. Apartments might bring some new life to the area. Will the Developer make some more money? Hopefully, if it keeps the assets in good shape and vibrant.
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They have taxes as "real skin." Or loss thereof.
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