Originally Posted by OrangeBlossomBaby (Post 2394334)

Administrative offices are generally in buildings that are owned by the county/municipality/state they serve. The State administration offices are in state-owned property. In fact, there is an actual law about this, that counties MAY NOT CHARGE rent to tax collectors for that county.

So if you want to compare apples to apples, then sure - let the Developers open up space in Brownwood to the district's administration offices, but NOT charge any rent at all.

Originally Posted by Bill14564 (Post 2394336)

That’s an idea. Instead of renting space the District could purchase property and fund the construction of a building. I wonder how that would go over.


Or, to my point, the District, being the VCCDD, should withdraw back within VCCDD boundaries to Spanish Springs. Perhaps the additional visits from residents of Fenney, Lake Denham, and Newell will help revitalize that square[/

Originally Posted by CoachKandSportsguy (Post 2394300)

From where I google, there isn't any Class A / 1st Class office space available in TV other than in Brownwood. . . looks like a deal from a monopoly , .

:a20::a20::shrug:

Originally Posted by BrianL99 (Post 2394214)

As reported this morning in a newspaper not to be mentioned, the District just leased 38,648 sq. ft. of Office space in Brownwood, in a building the Developer apparently no longer needs.

It's not clear from what I read, who is paying for the "fitup" of the building (conversion to office space, fixtures and furnishings).

The cost is $1.5M per year and I suspect that's NNN, which means it really costs about $2M per year.

That's $40 per sq. ft. in base (fixed) rent. If the lease is NNN, it's likely another $10 per sq. ft. in CAM & Taxes.

The office space market is dead across the USA. The number of empty or nearly empty office building, is staggering. There are landlords out there, that have over a million square feet of empty office space.

The average "asking price" for 1st class office space in Orlando today, is under $30/sq. ft. In Ocala, it's $23/sq. ft.

A 1st class office building in Metro Boston that housed one of the most prestigious high-tech companies in the world, just sold for less than $30/sq. ft. It was built 10 years ago for $300/sq. ft.

More than 64% of government employees across the country, have a "hybrid schedule" and don't go to their office every day. A recent US Senate report shows that less than 6% of Federal Employees go to their office every day.

Originally Posted by jimmy o (Post 2394363)

You have accusations and guesses and assumptions. If you’re that suspicious why are you still living here? I know why I’m here, because I like it, and I’m thankful for the Morse family that created this great retirement place. This happens to be a business for them, and businesses are supposed to make money. If they don’t make money they close, is that what you want? All you complainers should consider what would happen here if TV was sold ….. Have you given it a moment of thought? … believe it or not most Villagers are happy here, and grateful for the Morse family.

Originally Posted by Bilyclub (Post 2394402)

I don’t think anybody’s questioning how good we have it here. The problem might be that a quasi governmental agency which is controlled by the developer does not seem accountable to the residents that are paying most of the bills. Does this contract go before the ACC and PWAC ?

Originally Posted by BrianL99 (Post 2394214)

As reported this morning in a newspaper not to be mentioned, the District just leased 38,648 sq. ft. of Office space in Brownwood, in a building the Developer apparently no longer needs.

It's not clear from what I read, who is paying for the "fitup" of the building (conversion to office space, fixtures and furnishings).

The cost is $1.5M per year and I suspect that's NNN, which means it really costs about $2M per year.

That's $40 per sq. ft. in base (fixed) rent. If the lease is NNN, it's likely another $10 per sq. ft. in CAM & Taxes.

The office space market is dead across the USA. The number of empty or nearly empty office building, is staggering. There are landlords out there, that have over a million square feet of empty office space.

The average "asking price" for 1st class office space in Orlando today, is under $30/sq. ft. In Ocala, it's $23/sq. ft.

A 1st class office building in Metro Boston that housed one of the most prestigious high-tech companies in the world, just sold for less than $30/sq. ft. It was built 10 years ago for $300/sq. ft.

More than 64% of government employees across the country, have a "hybrid schedule" and don't go to their office every day. A recent US Senate report shows that less than 6% of Federal Employees go to their office every day.