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Sometimes an industry panel discussion is perfectly timed with the news of the day.
The Urban Land Institute's Southwest Florida District Council sponsored a meeting in Estero on Sept. 24 entitled: “What is the future of master-planned communities in Southwest Florida?”
The answer was splashed across the front page of the Wall Street Journal the same morning: “Teed Off Residents Drive Developer to the Brink of Ruin.”
The article reported the saga of Bonita Bay Group's battle with residents who are demanding refunds on their golf-club memberships. The Bonita Springs-based company is one of the most prominent developers of master-planned communities in the region, but it can't refund the memberships because of anemic land sales and dwindling resources.
You can read a recent interview with Bonita Bay Chairman David Lucas at Review.net (type “Lucas” in the search field and click on “Bonita survival plan.”)
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