Talk of The Villages Florida - View Single Post - IRS investigation
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Old 06-08-2013, 11:03 AM
manaboutown manaboutown is offline
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Personally I feel the developers to date have done a fantastic job of planning, building, operating and maintaining the infrastructure and amenities at very reasonable costs to the residents. I seriously doubt a "real" government could have done nearly as well and certainly not remotely as cost effectively or efficiently. Moreover The Villages's grounds, rec centers, pools and so on are better designed, prettier, cleaner and better run and maintained than any I have seen offered by any municipal government - anywhere. IMHO a well run private company can almost always beat a lethargic inefficient and costly bureaucratic government elephant at just about anything - and still make a profit. My compliments to the Morses on a truly world class development!

My concern relates to what unanticipated costs and quality of maintenance and service issues Villagers are likely to face in the future. Those who have been on board up until now have without question been able to reside in a lovely environment, have access to numerous recreational opportunities and enjoy a wonderful lifestyle, all at reasonable cost. Congratulations to them for spotting and moving to The Villages at a great time!

It will probably be years before the iRS issue is resolved. Indeed in the meantime many other issues, both related and unrelated, may arise. On the upside the developers are politically and economically powerful and no doubt have access to the best legal counsel available. On the downside someone must pay all the costs. In any successful business all costs are eventually passed on to the customers; in the immediate case that would be Villagers.
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