I think CF keeping a presence with the water park is a really bad move. It can't possibly have a positive effect on the price they'll get; it should drive the price per acre down. No one with any sense would want to put in residential around the lake with WWK sitting along the shore.CF should make the smart business decision and put the entire parcel up for sale.
That two me would be a huge selling point when buying a house. Not only would you live on a lake, but also close to a MASSIVE water park.
Timbers crew 08
*** Edited 11/21/2007 4:52:00 AM UTC by 0g***
I seriously doubt this park will be around long enough for the water issue to remain a big deal. It's not like the park is going to be growing (a la SS). I do find it kinda ironic that Columbus Zoo is building *my* GL... ;)
*** Edited 11/21/2007 3:48:14 PM UTC by rollergator***
Anyway, Im not surprised that this land sale includes the Campground and that hotel. Acrossed from the Campground is a new Condo Development, I wouldn't be surprised if that becomes Phase 2.
I wish I could buy the 196 acre portion, but thats going to go for about $95 Million.
Go figure.
My logic? We're talking foreclosures. That means a lot of people bought new homes they couldn't afford rather than the older ones that they could. Even in the face of 1-in-91 homes currently in foreclosure (Dayton's current stats) - it doesn't seem to be stopping new houses from selling at an alarming rate.
Northeast Ohio is one of the top areas in the nation for house forclosure. Will this affect the sale of the land? I guess time will tell. If that water park lasts for more than five years I will be surprised.
After growing up with GL only an hour away, this is all still hard to believe.
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