Friday, February 19, 2010

Big Development outside the UDB Line in Default. By Geniusofdespair

South Florida Business Journal's Brian Bandell reported Feb. 12th:
Even if Lennar and its co-developers are able to keep Parkland (we have reported on the project) moving forward, it is uncertain whether successful development can take place there, Jack McCabe says. Most of the land where Lennar Corp. has proposed building 7,000 homes for its Parkland project in southwestern Miami-Dade County is tied to a $44.6 million loan that went into default after it matured in October.

"...The maturity date was set for Oct. 29, 2009. No extension is on file in court records, and City National Bank officials declined to comment on the status of the loan," same with Ed Easton and Lennar Corp. reps.


12 comments:

Anonymous said...

What a shame...ha, ha

Anonymous said...

They should all be forced to till the fields until the end of their days.

Anonymous said...

next we have to kick out the farmers who use millions of gallons of water, rape the land, are subsidized by the government, and use dangerous fertilizers that can seep into our water.

Geniusofdespair said...

I like farmers that farm.

Anonymous said...

Awe, Lennar was being touted as a good investment on tv the other day. THeir stock is up. Don't get too happy too fast. They are like a bad penny that won't go away.

Anonymous said...

Farmers are destroying the everglades just as much as builders + miners. They pay lower property taxes and use illegal immigrants that do not contribute to society. Liking farmers that farm and disliking builders is hypocritical (my 2 cents).

Anonymous said...
This comment has been removed by a blog administrator.
Geniusofdespair said...

Please don't leave links without information of what they are. They will only be removed. Readers don't paint ALL farmers with a broad brush. Corporate farms, yes they can be a problem. But the farmers such as the Avocado farmer, the Mango farmer....leave them be. You can't say no to everything.

Anonymous said...

Where does that anonymous commentator who doesn't like farmers get her/his food? What a silly attitude . . .

CATO said...

Genius why am I not surprised that you defend the poor little mango or avocado farmer yet rail against corporate farms. A farms a farm period. They grow food and employ people and in a free market system comptete for our business.

As for the guy who said "illegals" don't contribute to society you are wrong they contribute to lower grocery bills for you and the rest of us, they also consume and pay sales tax and throught their rents pay property taxes. There's lots of "legal" folks who don't contribute half as much.

Finally anybody give property rights a thought here. Yes that doesn't mean you let the inmates run the asylum (they already are), but should a bunch of know it alls be the end all be all of land use?

Geniusofdespair said...

Cato yep

Response to farm hating anon said...

Interesting that developers now use the argument that agriculture is bad for the environment, so we should build housing instead.

Agriculture is the lifeblood of our society since the time of Babylon and before. Unless you have abstained from all food and now live a hunter-gatherer life, don't dis farmers in such sweeping generalities.

There are many modern practices that are damaging to the environment, and our consumer habits (shifting to a largely cow-centric and increasingly protein intense diet for one) have had an enormous impact on our planet for sure, but many farmers are seeking a new way.

In Miami-Dade, as Genius points out, we have an immensely diverse agricultural industry including many tropical tree crops. We grow food, but we also grow trees for our cities and for natural restoration projects, we grow orchids better than anyplace on earth, and we even grow fish for food and for your aquarium. Some day soon, our farmers may be supplying the crops to produce the fuel that you drive your SUV driving, suburban, farm-hating butt to work in.

Spend some time in our farming community before you crap on the 3rd largest industry in our County.