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If I remember correctly, the Mayor of Wildwood wanted this area to be built to his specifications and TV said, they wanted to do it their way. Hopefully, they will come back to TV development team. |
It's called cutting off your nose to spite your face, when a board decides to go with seething envy and resentment of the "rich" developer instead of going with proven results that are fiscally sane and paid for by happy occupants of the new properties.
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In reading through the comments it appears that many folks are thinking Wildwood should come crawling back, apologies in hand, to The Villages and ask them to develop this tract of land. Unfortunately, the City of Wildwood can only sit back and see what happens at this point. Assuming the initial developer completed the land purchase there is most likely a bank somewhere with a mortgage on this property and they will be the one's who determine when, to whom and for how much the property will be sold. Most developers try to secure tracts of land such as this by having a contract subject to approval of their development plan by the local authorities. If, as in the case of The Villages and the Wildwood mayor, their plan is rejected they are under no obligation to go through with the sale. Even if the land was financed by the previous owner things will most likely be tied up in the bankruptcy courts for months if not years. Now that the adjacent tracts of land have been sold and are being developed by others I would doubt that The Villages would be interested in developing such a small tract of land. Lets hope that another developer comes along with a more suitable plan that can coexist with what we are more used to seeing here in The Villages. Just do not expect anything to be done any time in the near future.
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According to the Sumter County Property Appraiser website, the property was never sold to WholeLife. The last transaction was in 2008. So Wildwood is just back where they started.
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:welcome::mademyday:
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I view them as solvent and a much better fiscal bet the city could have placed for actually accomplishing this project/investment in the community. |
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Yes it will be developed eventually
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Perhaps Wildwood won't miss the taxes they could already be getting if the Village Developer's proposal had been accepted instead of a little known Developer's proposal from out of State. Turning down The Village Developer (a solvent known quality developer) for an virtual "unknown" (proposing 400 bungalow rentals) sure doesn't seem logical or make sense IMHO. |
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is there a link this map ? this looks a bit different than the Trailwinds/Barclay website drawing
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Of course they will. In the meantime, Wildwood loses mucho tax dollars. Why the hostility? |
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