Does The Villages "Own" Lake Sumter Landing and the Boardwalk?
 

I'm curious- does The Villages "Own" Lake Sumter Landing and the Boardwalk? Or was it built by TV and turned over to some other non-Villages body? I'm asking because there was a story in the local newspaper saying the 'Develper' was unwilling to contribute to repair the boardwalk.

Lake Sumter Landing infrastructure is “owned” by the Sumter Landing CDD (SLCDD). The boardwalk is part of that infrastructure.

AFAIK there are no homes within the SLCDD, there are only commercial properties. The commercial properties are (all?) owned by one of the Developer’s companies.

Being part of the common area, repair of the boardwalk is covered by the project-wide funds under advisement of the PWAC. Essentially, the boardwalk is no different than the Brownwood windmill and water tower which were also repaired with project-wide funds.

EDIT: There is a proposed upgrade to the boardwalk. Part of that proposal, introduced at the PWAC and SLCDD meetings on May 13, was to reclassify the boardwalk as an amenity and move it from the PWAC/PWF to the SLAD.

Yes and no the way I understand it? The developers own lake and land under it and land at squares, but nothing above the land in common areas around lake which includes bridge island under the road way or and eye candy on land at squares like water tower and things that requires expensive recurring maintenance replacement, that’s on use. And there nothing we can do about it so might as worry about something else like homeowners insurance.:ohdear:

Assuming he's already decided on Gas vs Electric cart and his dog doesn't poop.

I’m sure he chose gas :coolsmiley:

The less informed, always do.:a20:

I think the issue isn't repair, it's improvements. The boardwalk needs replacing/repair, and that is up to the current government to handle. But the Developer wants to make IMPROVEMENTS - they want it BETTER than just repairing or restoring it to how it was before the flooding. But they're not willing to pay for those improvements.

So really they should just restore it to how it was, and tell the Developer that they're absolutely welcome to come in and improve it, on their own dime, any time they'd like.

It’s hard to find where the idea originated. From a Nov. presentation at the SLCDD, it looks like the boardwalk may be reclassified as an amenity and the entire project done with amenity funds. That was only a proposal so things may change.

EDIT: The proposal to upgrade the boardwalk seems to have been introduced at the PWAC and SLCDD meetings on May 13. Part of that proposal was to reclassify the boardwalk as an amenity and move it from the PWAC/PWF to the SLAD.

Rehab/repair of infrastructure is the responsibility of the PWAC.
Maintaining an amenity for the use of residents is the responsibility of the SLAD.
The boardwalk, even with the proposed expansion, would not directly benefit the Developer so it isn’t clear why he/they would fund it.

It is part of the attractiveness of the Villages so helps the developer to sell more homes.

Having said that the developer is smarter than the rest of us having others pay for things he benefits from.

The family is made up of brilliant businessmen who have built this great place and this is why they are billionaires and we are not.

The same could be said of the seasonal flowers and many other things.

I happen to like “many other things”.

No, they don’t own LSL or the boardwalk. But make no mistake, they do have complete control over the entity that does, and they make sure the maintenance cost is absorbed by that entity, which is funded by Villager's amenity fees.

Yes, I agree. The less informed always choose electric

It is actually a rather unusual situation because it is a “tri owned” partnership - owned by developer- 14 people from executive board of tech company and the citizens bank located here in TV. This information is available to view in the internet.

Please elaborate.

Please not in this thread! Search for the countless (and endless) threads on climate change, EVs, or electric carts for the elaboration.

It’s just the usual weekly arguments. You’re new, but hang around long enough and it becomes pretty clear.

The internet is very large. Can you provide a link?

Fixed it for ya.

And don’t forget “speed” of said golf cart. :1rotfl:

Anyone thinking of Buying in the Villages,think twice The Morse Family does not care
 

:pray::$::$:

“These Capitalists generally act harmoniously and in concert to fleece the people”. Abraham Lincoln 1-11-1837. When the Capitalist entity is public you can get in on the profits by buying their stock but that is not the case when it’s private. Back to the OP’s question about the Boardwalk at Sumter Landing…

I suppose a decision could be made to just demolish the Boardwalk and that might (don’t know for sure) be cheaper than building a new Boardwalk. Maybe the Developer would rather put some “skin in the game” rather than have the Boardwalk demolished. Maybe not. I wouldn’t know the legal issues with such a decision as that is above my pay grade. Just a thought.

Just as with the Brownwood windmill and water tower, there is a signed agreement that obligates the PWAC/PWF to repair/replace the boardwalk to its original condition. It cannot just be demolished, it must be replaced. This was made clear by the Developer when a similar idea was discussed regarding the Brownwood structure.

Did we sign such an agreement when we closed on our properties?

Only you know what you signed. Even if I did, there is not much public common area on my property to be maintained with PWF.