What Happens When The Developer Is Gone

[Spectreron]

We plan to move to TV soon but one thing keeps bouncing around in the back of my mind.... What happens when the developer moves on? Will we be stuck with huge payments to keep everything running? Please tell me I have nothing to worry about because TV looks like such a great place to retire.

[graciegirl]

There are no guarantees....and fewer years in the future than are behind us. It is a risk most of us are willing to take.

[Dirigo]

We plan to move to TV soon but one thing keeps bouncing around in the back of my mind.... What happens when the developer moves on? Will we be stuck with huge payments to keep everything running? Please tell me I have nothing to worry about because TV looks like such a great place to retire.

Property owners in TV are paying to keep everything running already. Seems to me that systems are already in place that keep TV running like a well-oiled machine.

And prices in TV seem to be market driven from homes to restaurant prices to Championship golf course greens fees.

Even if "the developer" moved on, those that follow would probably not kill the goose that lays the golden eggs. At least that's what I'm banking on...

Besides, "the developer" *built* TV, but the residents *make* it TV.

Dirigo

[Dirigo]

:laugh:There are no guarantees....and fewer years in the future than are behind us. It is a risk most of us are willing to take.

[billethkid]

finally leaves. If there is money/profit to be had rest assured the "developer" will have something in mind to run this retirement megalopolis that in fact generates millions of dollars per year in fees and bonds.

Many, many communities have prospered after the developer leaves. The bigger surprises come from what the developer has been subsidizing to keep TV marketable profile. Hopefully that has been or will be minimalized as they proceed toward completion.

btk

[mulligan]

IMHO, if you drive around the south and west sides of TV, there is a lot of vacant or under-used land, and with pockets as deep as the developer seems to have, completion may never happen in our lifetimes.