Florida Trend, which describes itself as “The Magazine of Florida Business” recently published their list of the 225 Biggest Private Companies in Florida.
With $977.3 million in revenue in 2017, The Villages (dba Villages of Lake-Sumter) ranked #59 on the list.
Here's what I found most interesting…Builder Magazine pegged The Villages' revenue from new home sales for 2017 at $753 million, so this means that more than $200 million came from The Villages commercial business holdings and possibly a few other revenue generating entities.
A lot of developers rely so heavily on new home sales and see their fortunes ebb and flow with the ups and downs of the real estate market.
With a good chunk of their revenue coming from parts of the business outside of new home sales, The Villages finds themselves in a very enviable position.
Some will say what they will about the developer, but you can't call them dumb…or poor!
In other news…
In a recent issue of my monthly newsletter, I noted that because of constant complaints from residents about conditions at the park, the District management had decided to close Atlas Canine Recreation Park.
We weren't sure when it would reopen, but lo and behold, it is now back open!
“Ryan…FYI…The Atlas Dog Park reopened over the weekend. The much-needed maintenance and repairs that were done by The Villages recreation department are really nice. Kuddos to them!”
Thanks for the update, reader Marilyn 😉
The folks in Village of Calumet Grove are still dealing with the after effects of the sinkholes that occurred there a few months ago. According to Villages-News, “Experts agree that sinkhole-damaged home on McLawren Terrace must be torn down.” [Villages-News]
+ If you're new to all of this sinkhole business, here is a primer.
It's amazing that this day and age, with the proliferation of video surveillance approaching Orwellian levels, that people think they can still get away with some of the stuff they try to get away with.
Case in point, this week a Villager was arrested for the theft of golf clubs from the Golf Academy at Palmer Country Club. [Villages-News]
Last but not least, a new issue of Vmail came out this week. Here's the Youtube description:
“While Camp Villages summer fun continues in full swing, June marked another exciting milestone, the one-year anniversary of the Fenney Recreation Center. And in celebration of our continued commitment to a fun and active lifestyle, we’re excited to announce that July is National Parks and Recreation Month! We’ll also get an update on the Loblolly and Longleaf Executive Golf Courses, and take a sneak peek at some brand new golf-front homesites available in the Village of McClure.”
And here's the video for your viewing pleasure: