Talk of The Villages Florida - View Single Post - Large Land Purchase
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Old 01-17-2024, 08:56 PM
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Goldwingnut Goldwingnut is offline
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Diversification.
They are expanding their interests in Sumter County to beyond residential.
It's good for them since residential building will last a few more decades, and then what? Better to be ready with a new plan.
Good for the county, long term the economy has to diversify from the home building centric economy that it is. If it doesn't then thousands of jobs become at risk and so does the economy.
Good for the residents, pushing the tax base towards more commercial/industrial and away from the currently heavily dependent on residential properties eases the tax burden on residents. Also, high unemployment would degrade property values from multiple causes.

Most reading this will be unlikely to live beyond the start of development in this huge swath of land. This is definitely long term planning.
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