Quote:
Originally Posted by Stu from NYC
Some people think that the financial viability of the developer is not our business. Of course it is we would be affected if they ran into financial problems.
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How would we be affected?
- The Developer does not provide utilities
- The Developer does not maintain the roads
- The Developer does not run the rec centers
- The Developer does not maintain the pools or pickleball courts
- The Developer does not cut the grass along the streets or replace the flowers
The Developer does own the buildings in the commercial districts (the squares). This allows him to choose/elect the supervisors for the districts that control the amenities. But, since the amenities are funded by the residents and not by the commercial districts these supervisors typically stay away from fixing something that isn't broken.
If the Developer has financial issues it might somehow affect the businesses in the squares and we would notice that but I just don't see that being a big issue.