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8/16/2009, 9:14 am
Wants To Know
Email: darksecret@nsb.com
Sally why do you use your EX Husband's name instead of your maiden name or your current husbands name ???????
8/16/2009, 7:04 am
Observant
Dark Shadow,
Once again you do a nice job of stating relevant facts.
Poor NSB is always looking for a helping hand from the outside and like the days after the War of Northern Agression, Carpet Baggers roam the streets with big promises and profitering in their hearts.
NSB has to work intentionally to make itself investment worthy. Can't always be looking for handouts.We are an island for gosh sakes. Investors like to invest where the locals are investing and being succesful. Savy Wallstreeters can spot local shade tree hucksters.
The problem is as you have aid is we have yet to elect or employ true chart readers
A common thread in the demise of most projects in NSB is the failure of the intrested parties to abide by some simple metaphorical precepts of business: 1. Look before you leap; 2. Count your costs beforehand; 3. Don't count your chickens...; 4. Don't build on shifting sands; 5. Be well funded! In the development phase the aforementioned 5 create STAMINA.
Island Town Center failed as it violated the above - had no stamina; was too ambitious and the problems faced were inherent of a lack of planning . Heck, they were "selling" boatslips before they had secured the permitting. Like many developers they needed to sell a number of units to secure needed financing, so they fabricated a prospectus. IT FAILED!
I don't find the Premiere proposal as "amazing" as you. We're seeing the same story unfold with Premiere. Hotel and zoning are not in sync. We want to believe 100% funding is in place. Using the worn and weak argument that this particular small hotel will do the trick and bring tourists to NSB.Look they are one of hundreds of upfront development and design consultants for groups of investors (used to be Doctors who put up the money) who will invest in the development of small overnight stay hotel chains eg Hampton, Hilton Gardens, etc...Their principal has a warm place in his heart for NSB. It is likely that the first investment group will sell the project before or at the time of completion to a group who has a longer return horizon and is in the business of running Hotels. Thats just the business. The City can't prevent the selling of the project.
8/16/2009, 6:28 am
NIMBY
Do you want an insight as to Rodi's operation of the U.C.? Go to the U.C, web site and notice that the minutes of the last meeting have yet to be posted. I wonder why. Do you?
8/15/2009, 10:07 pm
Geno
Shadow...you're the best!! By luck, I stumbled across your website. I live in Pa. but I just made settlement on a home in NSB (god help me!). I just can't believe what goes on in volusia county!! Just wanted to say "thanks" for your hard work and all the "sad, but true" info you provide. Hope to meet you some day, Geno