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Name:
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WSMS
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Subject:
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One question...Answered
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Date:
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4/6/2006 1:14:01 PM
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But you're talking about StillWaters, one of the very few developments not owned by Russell Lands, and one that has been around for 30 years or so. I think it's interesting that StillWaters has been developed, re-developed, re-re-developed, and so on over those 30 years, even though the multiple bankruptcies would lead most to believe that, for whatever reason, StillWaters doesn't "work." So why keep beating that dead horse? Probably because of the reasons I cited: the VAST majority of land surrounding Lake Martin is owned by Russell Lands and Alabama Power... and they don't sell large chucks of it to other developers.
I have no doubt that StillWaters is going to eventually me a blight on the shores (some might say it already is.) But I don't see it spreading, because there is nowhere for it to spread; it is essentially "landlocked." And so, rather than spread, it will continue to eat away at that one relatively small piece of land until it devours itself.
Believe me, I'm no fan of Russell Lands, and I think their developments are abhorrent and unsightly. But I must give them credit for doing it themselves, instead of selling their land to other developers. That is going to go a long way towards slowing rampant developmet. Now if we could just convince them that clear-cutting lots is a bad thing...
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