Quote:
Originally Posted by Bend it like Bourgeois
Golf course sale fought
The owners of a second-rate course want to turn it into housing. There are some million dollar homes on that course. I wonder what they will be worth once the putting green behind them becomes a parking lot.
I have lived in the area all my life. The owners have been staging this for years - though local speculation has always been the course would be taken private, not turned into housing. The course could easily make money. though selling it or taking it private is obviously less than what building housing would fetch.
As a resident of the area I'm horrified. A community was built around this and now the rules are going to change decades later? I dunno. But the rampant capitalist in me says it is private land, and always has been.
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Wow that would suck for the owners of current houses - but what "rules" are you referring to?
I agree with the capitalist in you. If they own it - geez, they can do whatever they want with it. But I can empathize for the others.