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Post by Alex Oreilly on Jul 4, 2014 23:05:20 GMT -5
LOL. No SC it is you that doesn't understand that market values and retirement communities vary widely depending on the area, location, location, location.Comparing apples and oranges. You really don't think that someone will find the idea attractive to sell their home in Maryland for 700K to buy a beautiful home here for 400K, no maintenance, no tax on pensions, a cost of living reduction, in a beautiful rural area, yet in an hour or less can be right back into all the things they liked about living in Maryland, close to families still living there, work if they are still working? Who says the project can only be successful if they sell 200 homes a year? Do you really think that the success of the project would be hinged on that finite number? Of course not! They will need to sell "x" homes a year to be successful. No, they will live here as their PRIMARY home and winter in Florida. Duh. I know a number of people that do that now. Making a general statement about developments, not even talking about this one. Take a ride up to the new development outside of Bendersville and tell me if you see any mobile homes in that development. And no, you don't understand the mindset of people in HMO's. People who will fine or oust a resident for hanging the American Flag the wrong way, or in the wrong place. Your statement you referenced is correct. Difficult, if not impossible. And it would take 50-75% of the residents there to agree to the change, then that change would have to comply with local zoning ordinances or seek a variance. But let's say for arguments sake that the residents do vote to open up the homes to anyone. The developer will still be selling homes and making money, the homeowners will still pay property tax, but they will also add additional burden to the school districts by adding more children, which will offset at least a portion of the tax revenue from those homes. Still not a loss, in my opinion. I have NEVER said this project was a sure thing. I have no idea when the "powers that be" will make that decision. I think they are making the decision on Gettysburg Crossing first. Perhaps you don't know that the Gettysburg Chamber of Commerce have come out in support of this project, just like they did for the casino. Maybe they see a benefit that you don't? Lifesaver, the fact that you can't understand why those 50-75% of people who have bought would vote to lift the restrictions if this doesn't go as the developer has planned and the project can't meet it's debts shows your total lack of understanding in this whole thing. With that said I'm done with this because not only will you ever see the other side of this coin, I'm convinced that you don't want to either. This is one of those things where only time will see what will happen Honestly I hope it doesn't fail I just can't see how it won't. Correction to both Lifesaver and Spellchecker, In order for the Developer to change the age restriction they have to have all three taxing bodies(Straban, GASD, Adams County Commissioners) agree to it because that is PA law.
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Post by Alex Oreilly on Jul 4, 2014 23:11:12 GMT -5
As far the Developer or Paul Kellet's numbers go, they both can be considered guestamites. In order for the Developer's numbers to work he has to have a strong marketing plan to backup his project and in my honest opinion I think he does.
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Post by SpellChecker on Jul 6, 2014 11:05:12 GMT -5
Lifesaver, the fact that you can't understand why those 50-75% of people who have bought would vote to lift the restrictions if this doesn't go as the developer has planned and the project can't meet it's debts shows your total lack of understanding in this whole thing. With that said I'm done with this because not only will you ever see the other side of this coin, I'm convinced that you don't want to either. This is one of those things where only time will see what will happen Honestly I hope it doesn't fail I just can't see how it won't. Correction to both Lifesaver and Spellchecker, In order for the Developer to change the age restriction they have to have all three taxing bodies(Straban, GASD, Adams County Commissioners) agree to it because that is PA law. Its still irrelevant because as soon as this starts to fail hes going to run right to them and they are all going to vote for the change. Then the benefit of them letting him use TIF to fund his project is down the shitter because its very likely they will start adding to schools head count.
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Post by lifesaver on Jul 6, 2014 11:56:13 GMT -5
Correction to both Lifesaver and Spellchecker, In order for the Developer to change the age restriction they have to have all three taxing bodies(Straban, GASD, Adams County Commissioners) agree to it because that is PA law. Its still irrelevant because as soon as this starts to fail hes going to run right to them and they are all going to vote for the change. Then the benefit of them letting him use TIF to fund his project is down the shitter because its very likely they will start adding to schools head count. Thought you were done with this LOL. Jul 5, 2014 0:11:12 GMT -4 Alex Oreilly said: As far the Developer or Paul Kellet's numbers go, they both can be considered guestamites. In order for the Developer's numbers to work he has to have a strong marketing plan to backup his project and in my honest opinion I think he does. I agree with Alex, as far as the rest, you are so clueless about this you are hardly worth the trouble anymore.
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Post by Mr Blonde on Jul 7, 2014 16:01:11 GMT -5
Spell Checker speaking in absolutes and then claiming to not understand Lifsaver's simple questions is one of the funniest things I've seen posted on this site in quite some time.
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Dexter
Supreme Poster
Posts: 261
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Post by Dexter on Jul 28, 2014 11:27:55 GMT -5
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Post by Mr Blonde on Jul 28, 2014 16:17:22 GMT -5
Oh goody, another straw man argument in this debate.
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Post by SpellChecker on Jul 29, 2014 12:00:22 GMT -5
Oh goody, another straw man argument in this debate. Yea, Dexter, how could you be so stupid as to present actual facts. Everyone knows this developer and mrblonde has assured us all this is 100% no fail. In the future please don't dare to present anything to a conversation that may disagree with blonde. If he agree's with something that's it he is right. Blonde comes from the school of thin of and crispy, or was it deep dish? We are all just nit wits compared to him. After all he knows three whole fucking people who retired and lives in Gettysburg.
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Dexter
Supreme Poster
Posts: 261
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Post by Dexter on Jul 29, 2014 14:08:43 GMT -5
To be honest, I was actually trolling. I certainly don't think the link I provided was the be all, end all on this debate. Just thought it was interesting and worth adding into this discussion.
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Post by Mr Blonde on Jul 29, 2014 17:17:38 GMT -5
Yea, Dexter, how could you be so stupid as to present actual facts. Everyone knows this developer and mrblonde has assured us all this is 100% no fail. In the future please don't dare to present anything to a conversation that may disagree with blonde. If he agree's with something that's it he is right. Blonde comes from the school of thin of and crispy, or was it deep dish? We are all just nit wits compared to him. After all he knows three whole fucking people who retired and lives in Gettysburg. You mad?
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Post by paulkellett on Jul 29, 2014 17:59:45 GMT -5
The numbers I give are not "guestamites" (although honestly I am uncertain of that term) My numbers come from doing the math on how much taxes will be paid and how much money it will take to re-pay the $40 million he developer wants to borrow. I use his interest rate, his average sale price, and current tax rates. Not many guesses on my part there. You can say that he has a proven track record, and that is 100% true, he has built many lovely developments that are a joy to behold. The problem comes in when you look at how many homes he has sold per year in any of those developments. Never has he approached 200 homes a year in the last 20+ years. I have run the 100 meter dash many, many times, and I could tell you that given that, I can run it under 10 seconds, but funny, I have never done that, so.... Maybe if I have a good marketing plan....?
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Post by SpellChecker on Jul 29, 2014 21:03:54 GMT -5
To be honest, I was actually trolling. I certainly don't think the link I provided was the be all, end all on this debate. Just thought it was interesting and worth adding into this discussion. Neither do I.....im glad you shared it.
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Post by SpellChecker on Jul 29, 2014 21:04:47 GMT -5
Yea, Dexter, how could you be so stupid as to present actual facts. Everyone knows this developer and mrblonde has assured us all this is 100% no fail. In the future please don't dare to present anything to a conversation that may disagree with blonde. If he agree's with something that's it he is right. Blonde comes from the school of thin of and crispy, or was it deep dish? We are all just nit wits compared to him. After all he knows three whole fucking people who retired and lives in Gettysburg. You mad? Lol you wish
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Post by paulkellett on Aug 22, 2014 20:37:58 GMT -5
Hey Folks, did anyone else notice that Gettysburg Crossing LLC just purchased the land ( today's Gburg Times property transfers) for $3 million. This means we will get the shopping center, regardless. If they were not going to build they would never plunk down $3 million for a blighted farm. To give them the TIF now is just corporate welfare. Save it for a real blight situation.
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Post by Alex Oreilly on Aug 22, 2014 22:22:44 GMT -5
Hey Folks, did anyone else notice that Gettysburg Crossing LLC just purchased the land ( today's Gburg Times property transfers) for $3 million. This means we will get the shopping center, regardless. If they were not going to build they would never plunk down $3 million for a blighted farm. To give them the TIF now is just corporate welfare. Save it for a real blight situation. Paul, did you read the article in the Gettysburg Times the other day that said that PennDot has scheduled the area of Rt. 15 and Rt. 30 and other roads in that immediate area for reconstructing/constructing that area between 2015-2018. The State of Pennsylvania has expanded the legal meaning of a blighted area.
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