Will Briny Breezes succeed at turning their 488-unit mobile-home park into a mega-urban high rise resort development and in the process become millionaires themselves? The $500MM deal to do so fell through about a year ago. But residents have not “sat on their hands,” and have been out looking for new suitors. Now the Board of Directors has informed residents in a letter that they hope to have a bid to buy the park by the end of summer. A few months ago Briny Breezes asked neighboring Boynton Beach to increase its water allocation 7-fold for the next decade to help develop the town, but commissioners declined, saying now that when a project is on the table they will reconsider. Briny Breezes residents own shares in a corporation which are weighted by the location and lot size.
Monday, July 28, 2008
NEW SUITOR FOR BRINY BREEZES?
Will Briny Breezes succeed at turning their 488-unit mobile-home park into a mega-urban high rise resort development and in the process become millionaires themselves? The $500MM deal to do so fell through about a year ago. But residents have not “sat on their hands,” and have been out looking for new suitors. Now the Board of Directors has informed residents in a letter that they hope to have a bid to buy the park by the end of summer. A few months ago Briny Breezes asked neighboring Boynton Beach to increase its water allocation 7-fold for the next decade to help develop the town, but commissioners declined, saying now that when a project is on the table they will reconsider. Briny Breezes residents own shares in a corporation which are weighted by the location and lot size.
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