Talk of The Villages Florida
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Talk of The Villages Florida (https://www.talkofthevillages.com/forums/)
-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   Where does the developer make the most money? (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/where-does-developer-make-most-money-336356/)

Bogie Shooter 11-01-2022 05:22 PM
Quote:
Originally Posted by ThirdOfFive (Post 2153391)
True words. We see a lot, but there is a lot that we don't.

I was out walking the other day and saw a planting crew in action (they replant the flowers in the beds by the intersections every 90 days). It was as if it was choreographed: a lady with the plants was tossing them to this or that planter and they knew exactly where it was supposed to go. fascinating stuff. They don't have to put the flowers there, but they do.

Walking along the board fence by el Diablo and El Camino Real, there is a windrow of mulch under it. The fairway of the second hole parallels that fence and I used to find a lot of golf balls from errant shots along there. The mulch prevents most balls from rolling under the fence. They didn't have to do that, but they did.

Ever notice how every light pole in TV has a number on it? Also that the biffies on the executive courses, tunnels, all starter shacks, etc. are numbered as well? That's done for a very good reason: if somebody keels over near those places, the person calling 911 has an immediate reference so emergency services can locate the site immediately. They didn't have to do that, but they did.

A whole lot more thought goes into this place than I think most people realize.
We are paying for the flowers in our maintenance fees.
Numbers on light poles is reference if power company is called for bulb replacement.
Agree the District does a great job with our money.

dave111 11-01-2022 06:15 PM
No idea where they make the most money and don't care much either except I hope they continue to be successful and profitable. I am amazed to see how much they have accomplished and hope it continues.

cypress 11-01-2022 06:52 PM
If it's the villages they are making money off it. Before long all the outside contractors will have to be licensed and pay a fee to the Villages to do work here. Then just about everything will be buttoned up.

Mrs.Guy 11-01-2022 07:00 PM
Quote:
Originally Posted by cypress (Post 2153443)
If it's the villages they are making money off it. Before long all the outside contractors will have to be licensed and pay a fee to the Villages to do work here. Then just about everything will be buttoned up.

chilout No, I don't ever see that happening. What I do see that they may have cornered the market on is....... intelligence! :boom:

Mrs.Guy 11-01-2022 07:06 PM
Quote:
Originally Posted by Bogie Shooter (Post 2153410)
HOA? CDD
subdivision? Village
:oops: You should have included the word "clueless". :wave:

Altavia 11-01-2022 07:07 PM
Quote:
Originally Posted by cypress (Post 2153443)
If it's the villages they are making money off it. Before long all the outside contractors will have to be licensed and pay a fee to the Villages to do work here. Then just about everything will be buttoned up.
Artificial reality...

tuccillo 11-01-2022 07:29 PM
Do you realize that the Rec Centers are sold back to the CDDs? Yes, they are nice but you are effectively paying for them via your amenities fee (as about 50% of the amenities fee, IIRC, goes to pay off the purchase of the amenities from the Developer). This, by the way, is a good thing since one of the purposes of CDDs is too maintain amenities put in by Developers.

Quote:
Originally Posted by Altavia (Post 2153357)
They invest a lot making things nicer than they would have to.

The custom interior furnishings in Rec Centers and the new schools are examples where they went first class.

Altavia 11-01-2022 07:49 PM
Quote:
Originally Posted by tuccillo (Post 2153458)
Do you realize that the Rec Centers are sold back to the CDDs? Yes, they are nice but you are effectively paying for them via your amenities fee (as about 50% of the amenities fee, IIRC, goes to pay off the purchase of the amenities from the Developer). This, by the way, is a good thing since one of the purposes of CDDs is too maintain amenities put in by Developers.
Do what do you think a Rec Center would look like if Wildwood or Sumter County developed it?

tuccillo 11-01-2022 08:33 PM
Odd question. A better question would be "What would the Rec Centers look like if they were built by a different Developer?". Probably about the same. I have lived in and seen plenty of communities where the Developer built beautiful amenities. My point is the Rec Centers are essentially a wash to the Developer. He builds them and then sells them to the CDDs. I think the Developer does a good job on building the amenities.

Quote:
Originally Posted by Altavia (Post 2153459)
Do what do you think a Rec Center would look like if Wildwood or Sumter County developed it?

Stu from NYC 11-01-2022 08:52 PM
Quote:
Originally Posted by tuccillo (Post 2153473)
Odd question. A better question would be "What would the Rec Centers look like if they were built by a different Developer?". Probably about the same. I have lived in and seen plenty of communities where the Developer built beautiful amenities. My point is the Rec Centers are essentially a wash to the Developer. He builds them and then sells them to the CDDs. I think the Developer does a good job on building the amenities.
Well said. The Developer builds them to make this a more attractive community and makes money by selling this stuff back to the community via the CDD.

Nothing wrong with doing this at all, actually rather clever.

manaboutown 11-01-2022 09:09 PM
THE VILLAGES DEVELOPER SETTLES LAWSUIT

justjim 11-01-2022 10:31 PM
Ranking Developer revenue
 
Quote:
Originally Posted by Boston-Sean (Post 2153168)
How would you rank the sources of revenue for the developer? I'm asking because I have no idea but I'll toss some out:

New home sales
Existing home sales
Commercial property leases
Operating revenue from Developer owned businesses
OP, strange as it may sound similar discussions as this thread have taken place as neighbors were sipping on their favorite beverages here in my neighborhood.

As I recall the discussion some months ago, profits from commercial properties and Citizens Bank were at the top of the list. Although not directly producing profit and income the ability to organize and implement the CDD’S also was a large part of the equation allowing the business plan to work successfully. The business model of the Villages Developer borders on genius and has to be the envy of their peers around the country.

PersonOfInterest 11-02-2022 04:57 AM
Quote:
Originally Posted by Boston-Sean (Post 2153168)
How would you rank the sources of revenue for the developer? I'm asking because I have no idea but I'll toss some out:

New home sales
Existing home sales
Commercial property leases
Operating revenue from Developer owned businesses
I think its the fees they recover from people knocking down the gates.

Mrs.Guy 11-02-2022 05:35 AM
Quote:
Originally Posted by PersonOfInterest (Post 2153520)
I think its the fees they recover from people knocking down the gates.
:icon_wink: That feeble attempt at humor would be funnier if you knew the difference between the "Developer" and the "District". The gates belong to the District Government. They give classes here that will educate you on how things work. The "Developer" doesn't charge for them...... neither does the "District" that gives them. :coolsmiley:

rustyp 11-02-2022 05:36 AM
Quote:
Originally Posted by Boston-Sean (Post 2153168)
How would you rank the sources of revenue for the developer? I'm asking because I have no idea but I'll toss some out:

New home sales
Existing home sales
Commercial property leases
Operating revenue from Developer owned businesses
The drink shacks.


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