[Stu from NYC]

Originally Posted by Two Bills

They could do that now.
Just using petty cash!

They could but their assets would be in so degree of risk. Small though.

[jimjamuser]

Originally Posted by Villages Kahuna

There has been lots of discussion regarding increased apartment development in The Villages. With the recently-scheduled public hearings regarding the Developer’s request to build and rent lots more apartments in and around the town squares, there will be a much louder outcry.

Regarding the situation at Hacienda Hills CC, I posted my opinion that the Developer is changing his business model (and our lifestyle!) by building and renting more apartments. I noted that the Developer was acting as if there was an intention to take their ownership interests public with the sale of their ownership to a financial buyer or with an initial public offering of stock. I noted that the value of ownership of The Villages would be heavily effected by the amount of a repeating income stream. Rental income or income from businesses or amenities still owned by the Developer, such as the championship golf courses and commercial development are what is necessary to maximize the value of The Villages business model.

Unlike building and selling houses, which is not repeating income, the cash flow from businesses like shopping centers, rental apartments or fee income from recreational facilities is exactly the type of repeating cash flow so highly valued by the equity markets.

It’s now even more apparent that the Morse family is taking actions to increase the value of The Villages. Sale to a financial buyer or an initial public offering of stock are the most likely ways for the Developer to “cash out”. Unfortunately, such an ownership change will require fairly dramatic changes to the lifestyle we all bought into in order for the family to maximize the “selling price” of the business.

If the density of residential development worsens the overcrowding of rec amenities and results in more traffic, it’s now quite obvious that the Developer finds such a tradeoff not only acceptable but quite necessary to accomplish his new business model.

Three of the five incumbent Sumter County commissioners were defeated in the recent primary election. We will all have an important choice in the upcoming General Election. I’d suggest that we all pay attention to the elections of county commissioners, our most important local government representatives. The election of commissioners that are “friendly” with the Developer will likely assure the continuation of change in the local development of The Villages, even if dramatic changes to our lifestyle is the result.

You can be sure that the Developer will do everything possible to elect county commissioners friendly to his interests. As residents and taxpayers in The Villages, will we do the same?

Would you be ina position to NAME the County Commissioners that are friendly toward the TV Land residents?

[joelfmi]

You are complete right in what you are saying about the villages. For example The Home depot went public many year ago and what happened to the worker that were their before they went public was terrible they were forced to quit because the stock holder did not want to pay these experienced workers a live wage and working condition were very bad. This exist today. Greed became the focus today. Good Luck.

[Stu from NYC]

Originally Posted by jimjamuser

Would you be ina position to NAME the County Commissioners that are friendly toward the TV Land residents?

I would think the three new commissioners that were just elected in Sumter County

[jimjamuser]

Originally Posted by Stu from NYC

I would think the three new commissioners that were just elected in Sumter County

Thanks, I was not aware.

[npwalters]

Good post Villages Kahuna. Many here are too shallow to grasp it all or so vested in their lifestyle they refuse to recognize it.

There just HAS to be some reason for the Villages Development to spit in the faces of so many long term residents in the Hacienda Hills area. Your hypothesis make sense to me.