Village Transportation SOLD
 

I've heard The Village Transportation Company has been sold to a bus company from Orlando. Supposedly they take over August first. Has anyone else heard about this?

True
 

It has been sold. One of my good friend's husband works for them. No details yet.

The Villages Transportation was sold to another entity. This entity must have sold it again if this is true. I heard they were struggling. No one ever does it as well as The Villages. Close but no cigar.

I can't remember exactly WHEN The Villages Transportation was no longer owned by the developer but it was sold at some time.

the village van siphoned off just enough business to dilute the shuttles profit margin. too bad because the shuttle is a great service.

Gracie: "No one ever does it as well as The Villages. Close but no cigar." I'm sure you are correct on that.

To All: Are the owners of The Villages selling off to private companies some of the services they once provided?

Such as??

Such as they have done with the bus company.

And the entertainment department. And the furniture company.

And The Daily Fun!

And the lighthouse restaurant

When was that sold?

And Cane Garden restaurant.

And the exec courses north of 466.

And Southern Lifestyles!

I think it has been over a year now.

I think the entertainment is better than ever!
I was never crazy about the Lighthouse Restaurant!
What's wrong the the exec courses north of 466?
:boxing2:

Sounds like the trend is less and less in TV is actually owned by TV.

Well it makes sense for Morse. I am sure that when he sells off these operations he is not only getting cash for the sale, but I'm sure there are probably some sort of on-going franchise or rental fees going back to the family for the business to operate within TV. He's taking people off his payroll and putting them on other people's payrolls.

Also he might not be selling all of these businesses but keeping ownership and leasing out the operations to independent businesspeople.

For example, it is a popular myth in TV that he sold off radio station WVLG which is not true. If you read the ownership report in the FCC data-base you will find that the Morse family still owns WVLG but the station is under an LMA (lease-management agreement) with the group that publishes the Daily Sun. The Morse family & their partners retain ownership of the station and the responsibility for the station's license yet collect a handsome rental fee from it without the cost of salaries and benefits for employees.

I think that gets right to the issue, nottavillager. You hit the nail on the head, particularly as build-out draws closer.

Which was sold, the villages airport shuttle out of sumter landing, or village airport van's door to door service?