Residents of a coastal trailer park in Palm Beach County, Fla., called Briny Breezes have approved the sale of their community to a developer for more than $510 million.
The proceeds will be distributed based on the size and location of their lots, making most of the property owners millionaires. Nearly all of the 488 share-owning trailer owners voted; 80 percent approved the sale, while 17 percent rejected it. The vote clears the way for Boca Raton-based Ocean Land Investments to buy the 43-acre property. State and local officials still must approve new zoning to accommodate the 900 condo units, luxury hotel, and marina proposed by the developer. Owner Kevin Dwyer says he understands why some people didn’t want to sell — they’ll have to give up oceanfront living. But he voted yes because the return was irresistible — about $800,000 for the singlewide trailer and lot he bought nine years ago for $37,500. “I don't have much money. It’s a no-brainer for me,” Dwyer says.
Source: Associated Press (01/10/07)
Attention Mr. Dwyer and owners of Briny Breezes, I have the inside scoop on lovely homes here in Las Cruces if you are interested in trading your ocean view for the amazing desert sunsets.
1 comment:
Well said.
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