Quote:
Originally Posted by NoMo50
I don't buy that theory, and further, I'm glad I don't wake up every day with such a pessimistic attitude toward our community.
The Developer is just what the word implies...a developer of property. When a particular area's development has been completed, the communities are turned over to a CDD. The Developer never intended to be a mother hen, looking after her flock into perpetuity.
Ever hear of Del Webb? They are another successful developer of retirement communities, albeit with a totally different strategy. Del Webb communities tend to be smaller, and more isolated/individual as compared to The Villages. Once Del Webb completes a project/development, they vacate the area and turn the whole project over to an HOA. Yet, they continue to prosper and be popular even without their mother hen.
I, for one, am glad The Villages developer has opted to play the long game, and I hope they continue to make a profit. Their business model is what has provided the communities we all call home. Their continued success means that we will continue to enjoy the benefits that brought us here in the first place.
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You missed the point. Even after the CDD assumes responsibility the developer still owns the:
Three squares
The bank
The Villages Health
Hotels
Many restaurants
Championship golf courses
Water company
Jacobs
Pool construction company
Shopping centers
Sawgrass Grove
Controls the schools
The dump
The list goes on....