I also give the family an A+ for vision, leadership and business acumen. I admire that TV has remained a family enterprise and that now a third generation of the family seems poised to take the reins.
Questions have been raised about Gary Morse's business ethics with regard to the IRS issue, the sale of TV assets to company-controlled CDDs, alleged influence peddling and some spending of amenity fees that resulted in a successful lawsuit challenge.
On the IRS issue: it remains to be seen how it will come out, but he probably tested the boundaries. If he wins the case, I'd give him maybe a B +. If he doesn't win, I'll study the IRS evidence and conclusions before deciding.
Political influence peddling: I don't have enough information. If he did nothing illegal or improper, and I have no evidence to suggest he did, I'd give him an A- for political acumen without crossing the one.
Alleged inflated appraisal of assets sold to CDD's: If nothing else, the transactions seem to not have been arms length. B- is the best I can do. That's probably generous.
I also agree with BTK that the real test of sustainability will be post build out.
As for the quality of life in TV: A+ hands down. The Morse's deserve tremendous credit and appreciation for everything they got right.
|