All golfers and property owners in Boca Raton should be saying thank you to Boca Teeca Residents. Why? Because if the owners in Boca Teeca were to follow the suggestions of some misguided officials to eliminate the deed restriction on their adjacent golf course, then this property would be expected to be valued in excess of the $73 million the city is expected to sell a similar sized golf course located west of the turnpike.
So, thank you to Boca Teeca property owners for NOT amending or eliminating your deed restriction on the adjacent golf course so that the Greater Boca Raton Beach & Park District has the opportunity to buy these 200+ acres and bringing 27 championship level golf holes (3-nine hole course) that will greatly improve the recreational attractiveness within the city limits.
It makes no sense to try to eliminate a deed restriction in order to have the perception that the value of the property exceeds the price being paid for the property. The size or characteristics of the property do not change by the elimination of the deed restriction. Accordingly, the best interest of the community is to support the acquisition of the property by the GBRBPD for $24 million and thank the Boca Teeca property owners for NOT changing/removing their deed restriction.
nice post
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