In my report on the White Acres pre-annexation meeting, I said it felt like Infinity Land Company was trying to force something. Email conversations with those that know more details seem to confirm it. Some believe that they are trying to use public opinion to be able to sell the land for a higher price.
Another developer doesn’t see how they can get money to do the development. Permits for new houses are a tiny fraction of what they’ve been the last several years. At least one other project that Paul Howard of Infinity is involved with is in foreclosure.
It seems the city has a fair amount of control. I asked Mr. Howard what the effect on development would be if the city council reject annexation. He said they would develop as part of the county. I thought they needed the land annexed to build as many houses as they want to but he didn’t answer that.
An article in the Gazette answers that question though. They would only be able to develop 8 lots if it’s not annexed by the city. It seems like that would make it tough to make much of a profit on the development.
Although it appears less likely White Acres will be developed anytime soon, I’m still going to keep a close eye on it. I still think it’s a good idea to take the actions I listed in my pre-annexation meeting post.
Mark, who posted the great video of White Acres last week, also video taped the pre-annexation and has been uploading clips of peoples comments to YouTube. He has one of Cyndy Kulp accusing Mr. Howard of blackmail.
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Tags: Colorado Springs, hiking, mountain biking, White Acres
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I watched all of those video clips, and have been doign some reading on this myself, and like that lady at the mtg said, this does feel an awful lot like blackmail. I think you’re right – it’s a bluff, and they’re just trying to get the city to fork over big $$ for the land.
Ultra Rob
contact me directly re: foreclosure mentioned. working on whiteacres.
blanchesplace@yahoo.com
[…] Acres, you can start with my report of the pre-annexation meeting in December and my post about whether development is a bluff. also Councilman Jerry Heimlicher post in the January 8th Westside Pioneer gives some insight into […]