[2BNTV]

Originally Posted by justjim

If Wildwood Commisiioners had gone with The Village Developer's proposal, they certainly would have come up with different results.

Totally agree!!!

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.

[goodtimesintv]

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.
.

[JCMSr]

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.

[villagetinker]

Originally Posted by JCMSr

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.

I agree this will be tied up for a long time, unless the original developer can 'pull a rabbit out of the hat' and come out of bankruptcy. Having stated that, I think the original plan was somewhat shaky with the proposed rental rate of the housing units. I also agree that if the land goes back up for sale all bets may be off for the proposed development, depending on Wildwood. All we can do is wait and see.

[bike42]

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.

[outlaw]

Originally Posted by goodtimesintv

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.
.

What a bunch of horse hockey. Contrary to what you think, the sun doesn't rise and set for the pleasure of The One".

[JCMSr]

Originally Posted by bike42

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.

Not necessarily true that property was never sold to WholeLife. Government websites are notorious for taking weeks and sometimes months to reflect updated transactions. Would not be surprised if current data was 90 to 120 days out of date. On the other hand, I would not be surprised if the transfer never took place given the financial status of WholeLife.

[GatorFan]

Originally Posted by Bogie Shooter

I wonder if the Wildwood city fathers will regret their decision to award the property to that developer?

I can assure you they will not regret their decision. They are looking out for the City of Wildwood and all the residents.

[goodtimesintv]

Originally Posted by outlaw

What a bunch of horse hockey. Contrary to what you think, the sun doesn't rise and set for the pleasure of The One".

I don't view the TV developers as "The One" in whom "the sun rises and sets".

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.

[Villageswimmer]

Originally Posted by GatorFan

I can assure you they will not regret their decision. They are looking out for the City of Wildwood and all the residents.

Really? How so?

[outlaw]

Originally Posted by Villageswimmer

Really? How so?

Someone else will come along and develop it in accordance with the city requirements. That's how so.

[justjim]

Originally Posted by outlaw

Someone else will come along and develop it in accordance with the city requirements. That's how so.

This property will be developed eventually. The operative word here is eventually. The property could be tied up in court for months or years.

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.

[Chi-Town]

Originally Posted by GatorFan

I can assure you they will not regret their decision. They are looking out for the City of Wildwood and all the residents.

Drive down 301 and go east or west a bit. Tell me how well the residents are looked out for. The city fathers obviously never regretted a decision.

[cb1972]

is there a link this map ? this looks a bit different than the Trailwinds/Barclay website drawing

[Villageswimmer]

Originally Posted by outlaw

Someone else will come along and develop it in accordance with the city requirements. That's how so.

Of course they will.

In the meantime, Wildwood loses mucho tax dollars. Why the hostility?