[GERALDINE]

Originally Posted by Boomer

I have often wondered if it would be possible for the family to simply decide to issue an IPO.

Boomer

I'm not a rumormonger either and that's why I decided to post this question on TOTV and see what I got for answers. I figured SOMEBODY out there would know something. I have to agree though that IF they were to do this...they would probably be denying it right up to the end. It wouldn't behoove them to divulge this plan prematurely. Guess we'll all just sit tight and see what happens. If it does....we can say we saw it first on TOTV !!!!

[GERALDINE]

Originally Posted by Boomer

I have often wondered if it would be possible for the family to simply decide to issue an IPO.

Boomer

I'm not a rumormonger either and that's why I decided to post this question on TOTV and see what I got for answers. I figured SOMEBODY out there would know something. I have to agree though that IF they were to do this...they would probably be denying it right up to the end. It wouldn't behoove them to divulge this plan prematurely. Guess we'll all just sit tight and see what happens. If it does....we can say we saw it first on TOTV !!!!

[GMONEY]

Originally Posted by Patches

I'm not a rumormonger either and that's why I decided to post this question on TOTV and see what I got for answers. I figured SOMEBODY out there would know something. I have to agree though that IF they were to do this...they would probably be denying it right up to the end. It wouldn't behoove them to divulge this plan prematurely. Guess we'll all just sit tight and see what happens. If it does....we can say we saw it first on TOTV !!!!

The only problem with that thought would be that it dont matter to anyone really!! except for all of those who work on construction here. It is not like we all work for this giant company and they dont want to tell you they are selling out. has no affect on the people living here. Not going to change the way they live or go about any day to day dealings. No reason to keep a secret like that.
To build Brown wood means they would need to build out south of 466a anyway. if you dont do that, then Brownwood would be all for nothing...

Money Out

[rshoffer]

Originally Posted by GMONEY

After reading the recap on the VHA meeting, it would seem that they are not selling, they are talking about makeing Brownwood happen and building more. So it would seem that eventially the south side of 466a will happen. maybe alittle slower but will happen. Sounds like Brownwood will be nice.

Money Out

However, a theme in Mr Morse's talk to the VHA was... "We (Morse family) build it... you (the residents) then take over and make it a success. Perhaps, that is an indication that in the future when it is all "built" it will be time for the developer to move on. I don't see anything wrong with that.

[Boomer]

Originally Posted by Patches

I'm not a rumormonger either and that's why I decided to post this question on TOTV and see what I got for answers. I figured SOMEBODY out there would know something. I have to agree though that IF they were to do this...they would probably be denying it right up to the end. It wouldn't behoove them to divulge this plan prematurely. Guess we'll all just sit tight and see what happens. If it does....we can say we saw it first on TOTV !!!!

Patches,

Your post was far more relevant than my post. Heck, I was just throwing a hypothetical out there. I had not heard anywhere about the possibility of an IPO.

We have not made the move yet. But one of the things that I think might be a real advantage of TV over other retirement communities is the fact that it is so big. TV is unique. TV's size it seems would help to make the momentum pretty unstoppable. The size is one of the things I like best about it. I think it will go on as a retirement community even though so many smaller ones are facing so much difficulty right now with the economy.

And I really have wondered if I were a part of a family that had been so successful and now into 3rd generation I think it is, would I be thinking of issuing an IPO? Or is that even possible? I don't know what the requiremnets are for a company to go public. (And besides all that, the Morse family never calls me so we can discuss it.)

This thread caught my attention because I am greatly interested in future possibilities for TV.

But that IPO thing was just the sound of my mind wandering -- which it often does.

You know, maybe I am a rumormonger. Other people heard the same thing as you did. I just threw mine out there in theory. So if you hear that TV is issuing an IPO, I guess that will also be that it was heard first here on TOTV. (uh oh, and if that happens then I will be a rumormonger for sure, no matter what I said in my little title on that post. uh oh )

Boomer

[GMONEY]

Originally Posted by rshoffer

However, a theme in Mr Morse's talk to the VHA was... "We (Morse family) build it... you (the residents) then take over and make it a success. Perhaps, that is an indication that in the future when it is all "built" it will be time for the developer to move on. I don't see anything wrong with that.

1000 TIMES

MONEY OUT

[billethkid]

the developer will in fact move on. Yes operations are currently being transitioned from the developer to VCCD and all the other C's'& D's.

And yes the ultimate responsibility for the operations funding will rest with the then home owners....not a mystery.

Many millions of dollars are being accrued for these transitions. The ultimate test comes at a point in time in the future as to whether the money was allocated properly and enough....if not guess what?

BTK

PS that eventuality is no doubt longer down the road than many of us need to worry about!!

[chuckinca]

If the Board members of the various Villages entities were to have experts review the budgets for future expenditures and it was discovered the budgets were not sufficient, the current assessments could be increased as needed.

[golf2140]

The rumor of the Morse family going to Texas was discussed last year when Mark Morse addressed the VHA. He stated flatly that they are not leaving nor are they going to build in Texas. I see the family here long after the final build out. They have a number of business activities that will keep them involved with our community. It is my hope that they stay involved as long as I live here. They have done a great job and improve with each new section.

[graciegirl]

Repeating rumors like this is dangerous to the investment that all of us have made in real property and ultimately in our way of lives. I try hard not to repeat unsubstantiated and inflamatory issues like this.

[SteveZ]

Business reality is that if the developer really wants a TV-II in Texas, then it would be a marketing imperative to make sure that TV-I is a rousing and continuing success, as all marketing of a TV-II would point to TV-I as the potential for what a TV-II would ev eventually be. Conversely, any developer screw-up or abandonment of TV-1 would advversly effect sales for a TV-II.

So, any developer action to make a TV-II in the future would be nothing but good in the end for TV-I residents

[SteveFromNY]

Originally Posted by graciegirl

Repeating rumors like this is dangerous to the investment that all of us have made in real property and ultimately in our way of lives. I try hard not to repeat unsubstantiated and inflamatory issues like this.

I'm not sure about that GG. Even if developement stopped when the building north of 466A was completed, there'd still be a community with 70,000 people and all of the existing amenities. It isn't like the stories of developers building a few homes in a community and packing up before the pool gets installed or the one community center gets built. I doubt that if the developer were to leave and go some where else to repeat their success, they would leave a negative legacy behind them anyway. So I am comfortable discussing this one. It's not like rumors of crimes, it's just a discussion of potential business decisions.
And one day the developer will be done. That point will come. And once it does, the value of TV shouldn't change at all. I can't see how our investments would be at risk because they are no longer actively developing. Just my 2 cents.

[thegreenerside]

The Morse family will stay to complete The Villages, after all he is going to make a fortune on the Seminole Casino that will be built in Brownwood.

[Muncle]

A couple issues:

1. Does Texas have the equivalent of the CDD concept? Without this, it would be almost impossible to build a TV II. It might make more sense for then to build TV II elsewhere in Florida. It's a big state.

2. In her column last week, Janet Tutt thanked a couple residents who came to her with rumors they'd heard. She was able to set the record straight and allay some fears before the rumors got out of hand. I do question her decision not to cite the rumors and repeat her refutation so that the rest of us could get the facts even if we'd not yet heard the rumor. Forearmed and all that.

3. As to the way TV is built v. so many other developers (per NY Steve), it reminds me of how the Air Force would build a base. First the build the O club, followed closely by the NCO Club. Then they build housing, with officers' homes first and barracks last. Then come morale support, i.e., golf course, bowling alley, gym. Then the offices. Now, of course, they're out of money so they go back to Congress for funding for the hangars, flight line, and runways. I heard this from an Army engineer, so I could be wrong.



`

[graciegirl]

Originally Posted by SteveFromNY

I'm not sure about that GG. Even if developement stopped when the building north of 466A was completed, there'd still be a community with 70,000 people and all of the existing amenities. It isn't like the stories of developers building a few homes in a community and packing up before the pool gets installed or the one community center gets built. I doubt that if the developer were to leave and go some where else to repeat their success, they would leave a negative legacy behind them anyway. So I am comfortable discussing this one. It's not like rumors of crimes, it's just a discussion of potential business decisions.
And one day the developer will be done. That point will come. And once it does, the value of TV shouldn't change at all. I can't see how our investments would be at risk because they are no longer actively developing. Just my 2 cents.

What you just said makes sense and I agree with you. It just proves that some of us are not too old or proud to change our mind after the presentation of a good argument.