I said I appreciated her phone call, but the reality was we were up to our butts in alligators already. We just really didn't have the ability to go beyond what we were already doing. And I said I was humbled that she'd chosen to call me. |
South Bend's problem has been that they have this cute little New England-looking town, nice houses on the hill overlooking the water and so on, and a zillion tourists zip through there every year, but there's nowhere for them to stop and nothing for them to do. When you sit down and analyze it, they have a lot of potential down there. |
The challenge down there in South Bend is that they've got this quaint, beautiful little town, and a lot of people pass through there, but there's not a lot of places for them to stop. Not only is there a need for more places for people to stop, but to make room for them to stop. |
They've been pursuing us for five or six years, and I think sometime in March we'll have them out here and sit down and work out what role they're going to take. |
We're talking to another property owner on one end, and to Weyerhaeuser on the other end about possibly adding a piece that belongs to them. If we can get those properties in escrow, and the numbers work out, we're probably going to pursue developing that into an 18-hole golf course. |