St. Joe's Breakfast Point community

At point of completion I'll be moving into the assisted living facility. :funn:

St. Joe is slipping - they didn't get the rules changed prior to submitting their new development so it will actually have to go through an approval process.

Must be a new person/division who doesn't know the rule is to legislate a new maximum number of units allowed, then announce your new development w/ 1 unit less than the new maximum ;-).

Love how they have already gotten the Bay County school district to commit to spending $29.7 million on a school in a community that hasn't been approved yet!!!

This thing is HUGE!

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?The market will tell us what to do,? Ray said. ?Right today, what we think is going to happen is that there will be demand aplenty.?


Ray must be a bit hard of hearing:

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HEY RAY!!! The market isn't telling you there is "DEMAND APLENTY"....

It's saying "THE FIT WILL HIT THE SHAN UNTIL 2020!!!"

:roll:
There's no bottom here yet folks, nothing to see right now, move along.




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C A S I N O S

Only thing that makes sense to me

It's too big of a venture not to have information prior to this huge commitment

we'll now see if Einhorn's right, that their land isn't worth 2K/acre in 2017 DCF adjusted dollars...

as to the comment above about 'such a large commitment'.. i wish the implication was true, but JOE hadn't really committed anything on this, other than a press release and some baloons....

it's a big trial baloon..... a call option

I see what ya mean.
Public companies though do tend to halve a lot going on for awhile such as the Bay county funds school etc. before ANY offical press .

Any who, Does any one else keep hearing the Casino chatter?

I don't see it as a sign the casinos are going in. There are actually a couple of diferent megadevelopments in the area like Holley By The Sea, Bluewater Bay or Hammock Bay that started out with just as big or bigger plans for development in areas that are a lot more rural than PCB.

I see what ya mean.
Public companies though do tend to halve a lot going on for awhile such as the Bay county funds school etc. before ANY offical press .

Any who, Does any one else keep hearing the Casino chatter?

This development has been no secret and the funding of the school has been an issue for the Bay County School Board for months. There is absolutely no truth to the casino rumors. This will be a residential development with commercial expanded where the Home Depot now is.

This is what started me thinking


So says the Miami Herald
Floridians defeated casinos in bruising statewide votes in 1978, 1986 and 1994. But that was before poker rooms throughout the state and slot machines at Indian reservations and Broward County parimutuels made Florida what it rejected three times over: a gambling state.
Now the state has casinos ? 11 of them, eight run by Indian tribes, with three more possibly on the way in Miami-Dade County ? and gaming of one sort or another from Jacksonville to Miami.



and this



Casino Chaos in Florida As Poker Limit Restrictions Loosen
July 2, 2007
The state of Florida is steadily moving closer and closer to the legalization of full fledge gaming, another step was taken on July first as the state's poker limits were increased, and pot limits eliminated...



and this...




"Whether it has recognized the fact, Florida is on the verge of a major expansion of legalized gambling," said Joseph Weinert of Spectrum Gaming Group. "In five years there will be widespread casino gambling in Florida."

The public is pressuring Florida for more government services and lower taxes, which is fueling the interest of lawmakers for statewide gambling as a means to provide this.

Gambling could be just what the doctor ordered to cure the ailing tourism strips in Osceola and Daytona Beach, which is in an economic downturn.

The Seminole's currently bring in approximately $1 billion annually (which is not taxed) and has plans to expand it's Hard Rock Hotel and Casino brand and build it into a gambling empire.

"Legalized gambling is a me-too phenomenon," says Weinert. "If a neighboring market has it, then you want it. Once the genie is out of the bottle, it is difficult to stop this type of enterprise from growing."

The Tampa Bay Convention and Visitors Bureau is ecstatic over plans by the Seminoles to expand the Hard Rock Hotel and Casino in Tampa, saying the "casino expansion will add a lot of glamour to Tampa as a destination."

Weinert predicts the tribe will eventually compete with Las Vegas and Atlantic City because Florida is already an attractive destination state.




and this....
Florida Given 60 Days to Deal With Seminoles Over Full Gambling


The state of Florida has 60 days to reach an agreement with the Seminole Indian Tribe of Florida over the expansion of gambling for the Seminole casinos in the state.

In a letter to Florida Governor Charlie Crist, Interior Secretary Dirk Kempthorne said he would rather see the two sides reach an agreement than have the federal government enforce rules that would allow the Seminoles to start Las Vegas style gaming.

"If the parties do not reach an agreement on all or most of the outstanding issues within the next 60 days, I will review my options at that time," said Kempthorne in his letter to Crist.

As we reported earlier, the Seminoles are arguing they have the right to install any Class III gaming which includes table games, after voters in Broward County approved Vegas style slots last year.

Florida is in a unique position to offer this type of gaming on an exclusive basis to the Seminoles. If done right, the State could limit the number of casinos and at the same time prevent larger gambling enterprises from entering the Florida market. The state is hoping to craft a deal that will give it a percentage of the slots for exclusive rights within the state for full feature casinos.

If the State fails to reach an accord with the Seminoles within the 60 day time period, it is certain to be the big loser. A result of no deal would mean the Interior Department would allow the Seminoles to expand to full Vegas style gambling and at that point it would not be required to share any revenue or do any reporting to the state.

June 27, 2007
Posted By Bob Hartman
Staff Editor, CasinoGamblingWeb.comhttp://www.casinogamblingweb.com/ga..._with_seminoles_over_full_gambling_46656.html

i'm sure JOE donated the land to the school board for the construction of the school

i'm sure JOE donated the land to the school board for the construction of the school

I think that is being asked of most large developers, these days, and I think the additional tax revenues generated by this development if built out, will more than pay for the cost of the school.

BTW, gambling is already legal in Florida. Every day I cross hwy 98, I gamble for HUGE stakes -- life.

Speaking of legalized gambling in Florida, are there any attorneys out there who would like to comment on Ebro's Greyhound Race Track commercials, which state, "you bet, you win, at Ebro Greyhound Park?"

Sounds like everyone is a winner at the track. If I bet and lost, would I have a winnable case?

SON - while I have felt for some time that full-scale gambling is inevitable in Florida I don't know if it is the driving force behind Breakfast Point.

Panama City and PCB will continue to grow like crazy, with cruise ships and a large theme park or two likely. The airport will create a lot of housing demand and Joe will provide it. Once the airport is in and 79 is 4-laned, manufacturing and distribution centers will sprout like mushrooms from 98 to I-10 along that corridor. Probably more than a few golf course communities as well.

I echo Kurt's remarks. If you look at economic forecasts of the Panama City and Panama City Beach area, they show strong continued growth over a long period of time. Already, in Panama City, there is so much local business, that most of the restaurants stay very busy year round, and they rely very little on the tourist dollar. PCB is slightly different, but as more people look to move to the PC area, they will certainly be drawn to PCB, where there will be ample shopping, beach, new airport, more industrial growth of jobs, etc. If you haven't been studying PC and PCB lately, you should get out your looking glasses, and go have a look.

I think that is being asked of most large developers, these days, and I think the additional tax revenues generated by this development if built out, will more than pay for the cost of the school.

I've never believed the developer's hype that "growth pays for itself." That being the case, as "built out" as Walton County has gotten in the last couple years--why is there now so much weeping and gnashing of teeth over the current "tax rollback (NOT even a cut!)" coming this year? One would think with all the "tax revenues" that were generated they'd be paving our streets in gold....instead they're trying to save money by opting out of spraying for dog flies. :shock:


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instead they're trying to save money by opting out of spraying for dog flies.

Walton County does not save any money by opting out of the dog fly program. That program is funded by the State. South Walton Mosquito Control personnel take the fly count for the State, that is all. Of course, as taxpayers in general, we pay towards all State programs like this, there being no free money.

I don't know either and Joe's Strategy has to be looked at Florida wide
Not just in PCB .
The question may be is Tallahassee going to look to Casino Revenue as a "solution" for more revenue .

And the States hand is being forced by the Seminoles

SON - while I have felt for some time that full-scale gambling is inevitable in Florida I don't know if it is the driving force behind Breakfast Point.

Panama City and PCB will continue to grow like crazy, with cruise ships and a large theme park or two likely. The airport will create a lot of housing demand and Joe will provide it. Once the airport is in and 79 is 4-laned, manufacturing and distribution centers will sprout like mushrooms from 98 to I-10 along that corridor. Probably more than a few golf course communities as well.

I've never believed the developer's hype that "growth pays for itself." That being the case, as "built out" as Walton County has gotten in the last couple years--why is there now so much weeping and gnashing of teeth over the current "tax rollback (NOT even a cut!)" coming this year? One would think with all the "tax revenues" that were generated they'd be paving our streets in gold....instead they're trying to save money by opting out of spraying for dog flies. :shock:


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I can tell you that not spraying for dog flies, hasn't changed the budget, as the State paid for that. Walton County doesn't have streets paved with gold. Instead, they paid cash for their schools to be built, and for many other things, as well. I doubt there are many other Counties in America without notes for infrastructure, schools, etc. My only question is if that stuff is paid for, where are our future savings? They sure are not showing up in the estimated tax bills.

I don't know either and Joe's Strategy has to be looked at Florida wide
Not just in PCB .
The question may be is Tallahassee going to look to Casino Revenue as a "solution" for more revenue .

And the States hand is being forced by the Seminoles

Seminoles? What tribe is running the Ebro Dog Track and Poker house?

Seminoles? What tribe is running the Ebro Dog Track and Poker house?

Don't know about Ebro

The Seminoles are the tribe that bought out Hard Rock

http://casinogambling.about.com/b/a/256636.htm