Quote:
Originally Posted by Laker14
Fair points, but I think you miss a couple of factors of importance: The Developer is pretty much out of "developing" in the Spanish Springs area. Not totally, I admit, as the new efforts at the old Hacienda CC demonstrate, however, they are no longer building and selling entire neighborhoods up there. As a consequence they are no longer economically driven to provide any kind of entertainment or services in the Square with the idea of helping to sell homes. So, whatever goes into the commercial fronts at the Square will have to sink or swim on their own merits. Other than collecting rents, the Developer is not highly motivated.
2nd point: unlike 30 years ago when SS was first opened, there is a lot to find outside of TV, and it's no longer the only game in town.
So, as things continue to evolve, the Developer will likely, if it hasn't already started to happen, be forced to reduce rents, and commercial interests will have to find niches that work for the existing population.
|
Agree with most of your points but not about OBG & Spanish Springs. If the Developers were not continuing to build vast numbers of new homes & commercial, THEN their economic incentives toward OBG & SS would definitely decline. But they intend to sell to new people who would be very disincentivized if they were to see OBG or SS decline. Further, the Sharon is named after their family matron. Grandpa’s statue is in SS square. Nothing could be clearer. Retail & restaurants will need to evolve in TV just like they will in the rest of America. Since the demographic glut of baby boomers are all over 65 now, things will need to change. I’ve looked at several other places like OTOTW, Dell Webbs & Margaritavilles Ranch & others. TV remains hard to beat. Controlling taxes & fees will be critical IMO. Seniors need to be frugal & have controllable costs to have security & peace of mind TV has done a stellar job compared to others IMO.