Wednesday, July 24, 2013
Central Florida Real Estate
Description: Construction and service economy. No manufacturing. No natural resources. No strategic location. We went to a timeshare presentation. More on that later. Maybe. The location a few miles from the Disney complexes. The first of supposedly seven resort towers got built and then 2006 happened. There's an eight lane bridge that never opened. A weathered sign selling 150 acres. A single entrance that passes two traffic circles that go nowhere but to the one structure. There are two sources of revenue. Selling services to tourists and fees. Toll roads. Resort surcharges. Handling fees. If aviation fuel and gasoline ever get too expensive this place will implode again. Despite this I suspect the area is getting ready to overheat again.