After Build Out ?

[mlkelly3@verizon.net]

Does anyone have any insight or thoughts about how things might change after build out happens. I wonder about things like will the bands still be at the squares.

Mike

[Bill-n-Brillo]

Does anyone have any insight or thoughts about how things might change after build out happens.

Your guess(es) will be just as valid as everybody else's!!! :D

I wonder about things like will the bands still be at the squares.

The merchants on the squares pay for the entertainment so that will be up to them.

Welcome to TOTV!!!

Bill :)

[jimbo2012]

property values should go up, no more new houses only re sales

[Geewiz]

How sure are we that the build out will end? The perception of the end of the build out will put a big upward pressure on prices. This will give the developer more flexibility to purchase semi-developed land on the south end of TV. I'm not saying that will happen...I'm just floating the idea. Cheap land is important at the beginning of a project....as demand and prices go up...the equation can change. The other option is for the developer to begin and use the same winning formula elsewhere.

[batman911]

As long as the square business prosper the entertainment should continue. I wonder how much of the square business is driven by LSVs (visitors). That business will disappear if there are no new homes to sell. Most other aspects of villages life will be determined by the will of the residents to keep it as it is now.

[bkcunningham1]

Your guess(es) will be just as valid as everybody else's!!! :D



The merchants on the squares pay for the entertainment so that will be up to them.

Welcome to TOTV!!!

Bill :)

What do you mean that the merchants on the squares pay for the entertainment?

[Bill-n-Brillo]

What do you mean that the merchants on the squares pay for the entertainment?

My bad - I believe it's actually the developer who provides the entertainment for free.

Bill :)

[ROCKETMAN]

The bands are paid from various sources. The rent from venders, income from bar kiosks, and the various businesses in the square kick in. Also in the sumter county newspaper i read that lake sumter and brownwood were given a grant of $60,000 for promotional expenditures.

[2 Oldcrabs]

IMHO, we will not live long enough to see the build out. There is a lot of land next to TV for sale. "Build Out" is a marketing tool.:crap2:

[jimbo2012]

As long as the square business prosper the entertainment should continue. I wonder how much of the square business is driven by LSVs (visitors). That business will disappear if there are no new homes to sell. .

I don't follow that, an LSV can be used for a resale as well as new?

[graciegirl]

I always wonder who the frequent square go-ers are.

We went a lot the first year and then found other things to do.

I think people who really love to dance and adore music...that kind of music go a lot and may continue after time to go.

I kinda lean toward the idea that when the novelty wears off for people and we find friends who get together for other reasons we don't go as often as we do at first..for the music and dancing.

I know we went to every parade and holiday event the first year and then not so much, but I don't know if we are typical.

If after buildout things change, then probably the businesses will change too with more restaurants and less retail, I am guessing.

[SALYBOW]

IMHO, we will not live long enough to see the build out. There is a lot of land next to TV for sale. "Build Out" is a marketing tool.:crap2:

I am not so sure that build out will ever occur. When we came here they said that the end of building in the Villages would be in 2015 when the number of people should reach 115,000 people.
Since we have purchased TV has acquired at least two more parcels of land. I don't know what they intend to do with them but since the executive courses, the recreation centers and many recreational programs are already maxed out, I hope it will not be used for housing.
People are getting very frustrated by getting "not accomodated" on golf courses, closed out of rec programs, or standing for an hour or so to get a spot in exercise programs. Last month my amenity fees earned me only two rounds of golf and nothing else. It seems like any extra housing--from this day forward-- should be backed up by the promise which was made to us when we built. Before homes are started, the swim pools, golf courses and rec centers will be built first. This is no longer happening.
Additionally, at least the last 4-5 Villages on top of 466A have been too large. In Buttonwood we have almost 1200 homes with one rec center the same size as the 500 home Villages have. We have pools the same size but we have to share the family pool and rec center with Pennecamp, which is also a very large Village. The idea that they are continuing to build is disconcerting to those us us that are already over crowded. :confused: :(
Thanks for letting me vent. I always get crabby when I get Bronchitis and can't breathe. LOL

[janmcn]

The developer also has in the past, at least since 2000, built commercial space before the neighborhoods. This is no longer the case, and the developer apparently is no longer interested in commercial buildings.

[Patty55]

I don't think there will ever be a build out, success is too addicting.

However, I think that when the baby boomers age out this place is going to have a big problem.

[lovesports]

I think you're right Patty.
We have friends who were the first on the historic side that have passed. Then their children were the first to build on Del Mar. Now their children have bought in 2006. 3 generations always being told built out is near.
There have been more dates and locations for built out than I can count. Always the same sales pitch, buy now or you won't get in. Great sales pitch and works every time.
Buy for investment as these homes are going to go up because built out is
near. Another great sales pitch and many have lost a ton of money on this one. Especially those who bought 4 homes when housing was at the top of the bubble. Homes were worth half what they paid for them in a short time. As a matter of fact, I know of no one who has sold and made money on a house. ( Not counting the Developer!) You're luckily if you break even and there are far more foreclosures in here than anybody knows.

Another good sales pitch on new is you have the cheapest house on the street. Some streets have 6 houses that are the cheapest new house on the street! It's all sales. Don't buy because of built out.
I will have to see this place done building before I believe it because I've been told way to many dates and passed every date.

[eweissenbach]

I am not so sure that build out will ever occur. When we came here they said that the end of building in the Villages would be in 2015 when the number of people should reach 115,000 people.
Since we have purchased TV has acquired at least two more parcels of land. I don't know what they intend to do with them but since the executive courses, the recreation centers and many recreational programs are already maxed out, I hope it will not be used for housing.
People are getting very frustrated by getting "not accomodated" on golf courses, closed out of rec programs, or standing for an hour or so to get a spot in exercise programs. Last month my amenity fees earned me only two rounds of golf and nothing else. It seems like any extra housing--from this day forward-- should be backed up by the promise which was made to us when we built. Before homes are started, the swim pools, golf courses and rec centers will be built first. This is no longer happening.
Additionally, at least the last 4-5 Villages on top of 466A have been too large. In Buttonwood we have almost 1200 homes with one rec center the same size as the 500 home Villages have. We have pools the same size but we have to share the family pool and rec center with Pennecamp, which is also a very large Village. The idea that they are continuing to build is disconcerting to those us us that are already over crowded. :confused: :(
Thanks for letting me vent. I always get crabby when I get Bronchitis and can't breathe. LOL

Some interesting speculations on this thread, but of course, no one not named Morse knows for sure, and even they may not know. We are still snowbirds so are probably seen by some as "part of the problem". Last year , staying in Hemingway, we generally got our tee times for the executive courses by being pretty flexible on time and course. There is a lot of golf pressure that time of year (Feb, Mar), and I recall one day last March when an ambassador at Becall said that the day before EVERY TEE TIME in TV was filled, both executive and championship. The pressure seemed to be especially intense for the courses just north of 466A. Now that the development south of 466A has progressed vigorously, I am wondering what the tee time experience is likely to be this coming winter. Lots of new residents south of 466A and no new executive courses yet (we will return to Hemingway). Could be a lot more pickleball and off campus golf this year.

[Roaddog53]

I chat about this with some and when the salespeople mention a "buildout"... Sure it can happen.. Is it a marketing scheme? Possibly, why not? Until all is finalized, it's a good strategy for pricing and selling homes. Hurry before it is all gone!!
However, some interesting thoughts.
1) Why would the county/state government want it to end? TV has provided numerous jobs for the state. Unemployemt would climb, putting a burden on the local and state governments.
2) There continues to be huge tax benefits for the state and local governments to continue the build programs. Property,wage, and other taxes continues. It is no different when a major business is looking to build a plant in an area. Local and state government provide tax incentives to get them to build or stay in an area KNOWING they will make it up in employment taxes and jobs.
3) commercial businesses continue to thrive and grow.

IMHO..the state and local governments are working with the developers to continue the growth. Why would they allow it to end? Some of these parcels we hear about may be some of that deal sharing.
The state would be wise to almost GIVE them the land! They would make it up in tax revenues. The biggest issue is GETTING THE LAND I think from the current owners who I am sure want a pretty penny for it. I doubt if eminent domain would apply, but somehow persuasion would prevail.

[gomoho]

I chat about this with some and when the salespeople mention a "buildout"... Sure it can happen.. Is it a marketing scheme? Possibly, why not? Until all is finalized, it's a good strategy for pricing and selling homes. Hurry before it is all gone!!
However, some interesting thoughts.
1) Why would the county/state government want it to end? TV has provided numerous jobs for the state. Unemployemt would climb, putting a burden on the local and state governments.
2) There continues to be huge tax benefits for the state and local governments to continue the build programs. Property,wage, and other taxes continues. It is no different when a major business is looking to build a plant in an area. Local and state government provide tax incentives to get them to build or stay in an area KNOWING they will make it up in employment taxes and jobs.
3) commercial businesses continue to thrive and grow.

IMHO..the state and local governments are working with the developers to continue the growth. Why would they allow it to end? Some of these parcels we hear about may be some of that deal sharing.
The state would be wise to almost GIVE them the land! They would make it up in tax revenues. The biggest issue is GETTING THE LAND I think from the current owners who I am sure want a pretty penny for it. I doubt if eminent domain would apply, but somehow persuasion would prevail.

What about telling the truth - or is that concept so foreign to us now taking precedence over the allmighty dollar it doesn't matter. Does anyone tell the truth anymore - or is all about how much money can I make???:rant-rave:

[Roaddog53]

I can't believe anyone would be naive to think government, the media, or even big business would EVER tell the public the truth until they are required! But for many reasons, developers don't do it so land speculation doesn't create a feeding frenzy. Tell all they are leaving and no more, and demand drops. Tell all we are looking for more land or growth, and watch what happens.
Let me see here....the Morse family says.."we are going to buy more parcels of land adjoining TV to keep growing" ...
Logically, economically, and prudent business says that doesn't even make sense. If it was me, I wouldn't say anything either. Look at the people on here and what they even say.

[graciegirl]

I never got a "sales pitch" and I don't know anyone else who did either. I had no pressure at all from sales people when we were here NOT LOOKING to buy and we did.

No one said anything about buildout. They did use the term final phase for the areas south of 466A.

By the time the baby boomers age out...we will be history and not caring how much our homes will be worth.

Come on folks. We are getting older although we feel younger and we can't live forever. In thirty years there won't be many of us who are reading this who will be here to care.

NOW on a cheerier note.

It is a lovely evening here in The Villages and I am so glad I am here.

And a disclaimer. I don't know the Morses or work for them.

I just love it here.

[gomoho]

Gracie - you're a doll and I love your optimistic attitude. Keep on keepin on!!!

[Skybo]

Personally, I think that build-out will take place in the 2015 timeframe that is projected. I'm a gambler at heart ... anyone willing to take a bet?