Posted by: Mike Sweeney
Come on. This was the best deal this guy EVER made. Keep the zoning as a 9 hole golf course and then tell me how much he can sell it for with $850 yearly memberships:
Glad you know what is best for the family Mike.
Corey,I think my wife broke into your account
Sorry I did not have time to explain my thoughts earlier.
You may not remember but roughly 8 years ago I worked closely for a year with a friend that is a real estate developer and we examined building a golf course in a fairly nearby town. We worked closely with Kelly Moran, who really understood the housing and zoning issues in the area. This was at the near top of the boom, and there was no golf course in the area that was pulling in more than $45 per round. Ultimately, it was my advice, despite my insanity and desire to build a golf course at the time, to not build a golf course on the property and just leave it as open space when he goes for his zoning.
I was just there 2-3 weeks ago and the property is still as is, but he has renovated the farm house and he owns a fairly expensive "gentleman's farm". He is a member at Merion so Brad may know him.
Now your post made me rethink the numbers, and I found this posted last night:
http://www.pottsmerc.com/general-news/20131202/phoenixville-school-board-meeting-turns-rowdy-during-eminent-domain-discussionBased on reading that article, my knowledge of the area, and the fact that the owner said nothing at the meeting when asked about his discussions with the School Board, I am comfortable with my statement.
I can send you my wife's email address if you need to vent, but I always tell her to just say it slowly,
"Mike, you were right and I was wrong." Jeff Warne,Following up on a conversation from last year's hurricane where
I WAS WRONG, here is an interesting article where the King of Eminent Domain, Robert Moses, screwed up:
http://www.nytimes.com/2012/12/04/nyregion/how-new-york-citys-coastline-became-home-to-the-poor.html?_r=0