Talk of The Villages Florida - Developer Build Out

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Developer Build Out

I just read a post that suggested the builder wanted to be built out in 5 years. Who is going to buy/rent/maintain all the ameneties when they are gone. Are homeowners going to be assessed fees to purchase everything or are annual fees going to skyrocket, or worse, will things begin to deteriorate? We plan to buy in TV this year so I am concerned. What is the general theory on what is going to happen?

Quote:

Originally Posted by Spectreron (Post 244740)

Many of the amenities are already owned by the CDD who maintains them via the amenity fees. The developer still owns most of the amenities south of 466 but the plan is for the CDD to buy them as well. In any event, even those amenities that are owned by the developer are still run by the CDD, with the developer paying the CDD to do so.