Date: Sat, 25 Jan 2014 17:43:09 -0500
From: samantha capitol
Subject: Chatham Park, 2 good things about it
1- The owners are North Carolina Developers
They live among us and know what the traditions and tolerances are here. They are not from somewhere else.
2- The land is paid for thus there are no “options” nor bank notes and thus the standard risk of “failure” and “illiquidity” that is usually caused by the banks is not an issue. The community is dealing with well financed developers.
This was a big problem with new developments when the banks crashed in 2007, residential development did not always meet expectation, and commercial centers were canceled entirely. Wires and unfinished roads marred the view. Chatham Park will not have any of these problems, nor will it have to be built according to the dictates of a lean holder.