Bimini bay: arrested bimini bay developer taps HOA funds - OrlandoSentinel.com: The developer of the half-built Bimini Bay resort in Davenport withdrew more than $16,000 from the homeowner association's accounts the same day he was arrested earlier this month and accused of stealing from homeowners' utility payments, according to association records.
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Privatopia sometimes resembles a company town -- the developer's.
1 comment:
....they are a "company town", except for the town part.
An HOA corporation IS a private corporation - run by a few for their benefit. The term "association" is just a marketing gimmick. These are corporations.
The next time you hear "master planned community" realize the phraseology is a play on words (like "To Serve Man"). The purchasers are the prey, not the intended beneficiaries. The Realtors, developers, and denizens of the HOA industry are the Kanamits.
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