Hamptons Style Development Comes to the Hudson Valley

[DCT]

Amenia doesn't really have much going on now. The area is beautiful and close to NY so it seems like a perfect opportunity.

http://www.nytimes.com/2015/03/08/re...lley.html?_r=0

[christian]

Wow, that sounds like hell. If I am going to Columbia county, it's specifically to get away from those people. A 1940s bungalow on a lake with a wood stove and an Alumacraft with a 9.9hp Johnson - now we're talking.

[j44ke]

The Hudson Valley is beautiful. But I'm with Christian - I go up there to get away from people.

[DCT]

Wow, that sounds like hell. If I am going to Columbia county, it's specifically to get away from those people. A 1940s bungalow on a lake with a wood stove and an Alumacraft with a 9.9hp Johnson - now we're talking.

I wouldn't live in a place like this but it's a massive development and I just find it interesting.

[christian]

It's cool. I'd invite you to my imaginary cabin!

[vertical_doug]

killing time in an airport. The article has many red flags. The wiki page on the developer looks like a pr firm wrote most of it. It looks like a couple of projects are insolvent. The guy is a heck of a salesman and I predict the tax payers in Armenia will be caught out holding the bag here.

[dogrange]

Yes, just what our nice rural places need is more gated communities, at least in my opinion (sarcasm).

[DCT]

killing time in an airport. The article has many red flags. The wiki page on the developer looks like a pr firm wrote most of it. It looks like a couple of projects are insolvent. The guy is a heck of a salesman and I predict the tax payers in Armenia will be caught out holding the bag here.

actually the developer is very successful and the community is excited to have the revenue brought to the town. this is the same developer as the yellowstone club and bakers day. both are very successful, i'm sure this will be as well.

Silo Ridge in Amenia aims for upscale resort home market

[Badonkadonk]

baker's bay is marvelous, but it ain't the real bahamas

[vertical_doug]

actually the developer is very successful and the community is excited to have the revenue brought to the town. this is the same developer as the yellowstone club and bakers day. both are very successful, i'm sure this will be as well.

Silo Ridge in Amenia aims for upscale resort home market

Yellowstone Club was started by Tim Blixeth in the 1990's. In 2006, Greg Lemond sued the club for misappropriations of funds for dividends. In 2008, the club entered Chapter 11. A group of investors bought the club out of bankruptcy in 2009, of these, Discovery owns a 5% stake.
Discovery does manage the property, but it is a very different proposition taking a facility out of bankruptcy at the bottom of the financial crisis and creating something from scratch in 2015 in Hudson Valley.

The Kukio in Hawaii , Discovery may manage, but I think the founder was Charles Schwab. The story at the Hualalai around 1998 was Charles Schwab was mad at either the Mauna Lani or the Hualalai 4 Seasons because he could not get the tee off time he wanted. So he decided to start his own resort. 1998-1999 Internet bubble was good if you were an online broker owning stock.... I think the market cap of Schwab was larger than Merrill Lynch and Morgan Stanley combined at the time.

[Mabouya]

"The Discovery Land Company, the developer behind Montana’s Yellowstone Club, where the billionaire Microsoft founder Bill Gates and Justin Timberlake own homes"

Hmmmmm.

They probably wouldn't let me get within 100 miles of the place, but even if they would, not even in my worst nightmares would I dream of hanging out in this sort of place.

[DCT]

baker's bay is marvelous, but it ain't the real bahamas

the rich people go where the other rich people are. they like to be with similar rich people who share similar interests.
kinda like a greenwich country club right?

[e-RICHIE]

the rich people go where the other rich people are. they like to be with similar rich people who share similar interests.
kinda like a greenwich country club right?

Provo atmo. Provo.