the developer already has a track record for turning things over to differing organizations uninvolving their financial investment. Then there are the amenity related "businesses" like entertainment that one of the Morse insiders, Vesco, bought that part of it. There are non amenity moves like the newspaper being bought buy the lublisher Phil Marquard (sp?)....who ran it for the developer. And that will continue.
Of course as these ownwerships become profit generators and not sales and marketing tools for the developer, there will be changes....like the entertainment owners eliminating parades as they are too costly. And so on.
Of the many more changes to come I do not think any of them will pose any threat to the life style we all bought into. Change yes. Eliminate some things? Yes. But the basic life style will go on.
There is one business that will be interesting to see where it goes....if anywhere is TV Realty....you know the company that gets to sell the house they built for you....over and over....and over again. So there is an incentive for the basic life style package to go on indefinitely.
The baby boomer effect is just now starting to begin. Beyond build out the only home supply will be resales which by all counts one would expect there will be a supply and demand problem. Many baby boomers for the not so many homes available on an ongoing basis. Prices will go up....great for us all. And even better for TV Realty as they get even higher matrgins over and over again everytime they sell one of our homes.
That piece alone might be sufficent for the developer and his family to remain involved on a different level....one that still generates millions and millions of $$$$ in profit.
That is my perspective on what the future may hold for TV and it's residents.
btk
PS there was a bit in the main street evening news last week stating there are 10,000 baby boomers retiring.....PER DAY!!!!
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