Centex Giving Away Land????
I just returned from a trip to Palm Coast, Florida. It is a very nice golf course resort area North of Daytona Beach, FL where CTX has a significant presence(and shrinking rapidly as it appears that they are trying to get the heck out of Florida completely). In one of their active communities, the promised pool is still an overgrown lot.
Further, it appears that CTX executives simply gave an entire golf course back to the city of Palm Coast. Why? The once manicured course is now overgrown and the only way you can tell it was playable is the remaining visible sand traps riddled between the growth. Nothing has been mentioned about it nor have any executives given any explanation to shareholders why they would give away a golf course belonging to shareholders. My guess is that this was once a very valuble piece of land.
Maybe FloridaBuilder with his extensive contacts could provide the CAPs community some further details as CTX management seems to want to conceal this information.
Go FB go!!! Find out why CTX is giving away shareholder land.