My understanding is that the championship golf courses remain and will remain the property of the developer unless he/they decide to sell them.
The executive golf courses and rec centers north of 466 (plus the Pimlico group) were sold to the VCCDD and the bonds issued for the purchase are paid out of our amenities fee. The executive courses and rec centers south of 466 are still owned by the developer. The expectation is that once the IRS matter is concluded they will be sold to LSCDD and the resulting bonds for the purchase will be paid out our amenities fee.
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"the difference between genius and stupidity is that genius has its limits."
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