The Lauren Ritchie column starts by mentioning the Leesburg, Florida, community of Arlington Heights. She starts her opinion column by writing about the "greedy developer" and how the community went "belly up."
In October 2008, the
Daily Commercial ran an article about this very community's Chapter 11 Bankruptcy. This was a reorganizational type of bankruptcy where a corporation or partnership does not put the personal assets of its stockholders at risk. That was two years ago. Why would Ritchie mention that now when it is moving up on 2011?
She failed to mention how the residents volunteered and apparently held the develop together until finances got rolling again. It appears they are still in business.
Perhaps Ritchie didn't do her homework and was just hand fed some information that she didn't double check. I think the concept behind the information is important. But it is more important to get correct information to get the proper concept.
http://www.dailycommercial.com/1029arlington
I looked at the Arlington Ridge bi-monthly newsletter. It appears the place is going strong. Correct me if I'm wrong. I am just saying this based on their website and newsletter.
http://www.myarlingtonridge.com/arli...newsletter.pdf
http://www.myarlingtonridge.com/arli...tside_home.asp