Talk of The Villages Florida

Talk of The Villages Florida (https://www.talkofthevillages.com/forums/)
-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   consider the developers selling out to a profit organization (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/consider-developers-selling-out-profit-organization-317569/)

rustyp 03-17-2021 01:35 PM

consider the developers selling out to a profit organization
 
The Villages Newcomers have a conversation about the developers going public or selling out to a profit organization

The Future of The Villages, Linda's Bad Day, and the Fate of the Bonsai - YouTube

tophcfa 03-17-2021 02:16 PM

It’s always a possibility, never say never. Who would have thought that Hacienda Hills would be torn down? Anything’s possible. That being said, the Villages already is a for profit organization, just not public.

Stu from NYC 03-17-2021 02:32 PM

The developer has a really good thing going must be making a boatload of money with nobody telling them what to do.

why sell?

Mleeja 03-17-2021 02:51 PM

I could see The Villages selling a significant portion of its holding north of 466. The commercial area outside of Spanish Springs seems to be doing well but aging. With all the “resistance” The Villages is receiving regarding the plans for Spanish Springs and the Hacienda site it would not surprise me for them to sell and just walk away. Their focus would be on the development of southern areas.

Stu from NYC 03-17-2021 03:25 PM

Quote:

Originally Posted by rustyp (Post 1917132)
The Villages Newcomers have a conversation about the developers going public or selling out to a profit organization

The Future of The Villages, Linda's Bad Day, and the Fate of the Bonsai - YouTube

Started watching, getting bored and fast forwarding and finally left.

Would have been more interesting before we moved here

kansasr 03-17-2021 05:02 PM

I believe the Villages Land Company is already a for-profit organization!

alwann 03-17-2021 05:09 PM

Villages Land Company
 
Quote:

Originally Posted by kansasr (Post 1917207)
I believe the Villages Land Company is already a for-profit organization!

I believe it's a LLC. Regulations and reporting are very soft compared to a public company.

billethkid 03-17-2021 05:31 PM

Get rid of the golden goose?
Why?
They make money when selling new!! When selling resales (over and over again).

Stu from NYC 03-17-2021 05:56 PM

Quote:

Originally Posted by billethkid (Post 1917216)
Get rid of the golden goose?
Why?
They make money when selling new!! When selling resales (over and over again).

And they own the bank, interior decorating place and all of that real estate they rent out.

Papa_lecki 03-17-2021 06:25 PM

The Villages are a cash cow for the owners - why would they take it public?
It is a for profit company - just not a public ally traded company. If they go public, all the financial details become public information.

Jayhawk 03-17-2021 06:25 PM

Quote:

Originally Posted by alwann (Post 1917208)
I believe it's a LLC. Regulations and reporting are very soft compared to a public company.

As it should be.

Mortal1 03-17-2021 06:47 PM

I find most of the posts have a congratulatory theme, but the between the lines sarcasm and jealousy just oozes through.

I say "BRAVO!" to all who make a profit! Most of us are because of the same desire to make $$$$$$. It's the American way.

birdawg 03-18-2021 05:41 AM

The most beautiful place to live, managed by the most professional organization in the country. Would you want the villages run by politicians?

RICH1 03-18-2021 05:48 AM

Quote:

Originally Posted by tophcfa (Post 1917147)
It’s always a possibility, never say never. Who would have thought that Hacienda Hills would be torn down? Anything’s possible. That being said, the Villages already is a for profit organization, just not public.

Could mr. Donald Trump Florida Resident and developer buy the Villages? Could be the answer some are looking for! Casinos can take care of our Roads & Bridges.. just saying.

graciegirl 03-18-2021 06:00 AM

Quote:

Originally Posted by tophcfa (Post 1917147)
It’s always a possibility, never say never. Who would have thought that Hacienda Hills would be torn down? Anything’s possible. That being said, the Villages already is a for profit organization, just not public.

Why would anyone change a good business plan? And there is no shame in a "for profit" business. We all need to try to quell rumors.

Hacienda Hills was torn down because after several tries, it was not supported by people either because the area was aging and didn't go out to eat as much or it was not run well or a combination of those factors. It is very common for restaurant businesses to fail. The land and building belong to the developer. What would you do or anyone do if they had property that the tax bill had to paid? Remember, it was offered to the ACC at a very reasonable price and they refused.


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