Reply to "The Ethicist" on Sidwell's Hospice Purchase

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Reply to ""The Ethicist" on Sidwell's Hospice Purchase"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This. But there's also the puzzling stupidity about how development deals are done. Developers don't get to not close on a property deal because they didn't get zoning approval, at least not as a matter of course.

How to explain such stupidity about business from wealthy let-the-eat-cake shrews? Inherited or married money.

These people are really more disgusting than the Trumps of the world, who at least understand how money is made while not caring about the less fortunate.

[quote=Anonymous]It is amazing the number and depth of excuses made by the Sidwell parents to allow themselves to live with the guilt of kicking the sick and elderly to the curb.

F THE POOR![/quote][/quote]

True, but if you were in the business you would know that there is often an entitlement period, which makes a deal contingent. So in this case, you would have your team of Ace$ who would put a $40 Million contract on the property with a 9-24 month window to go through the zoning and review process to see if Cathedral Commons II is viable with the administrative bodies and the local community. If yes, then great. If no, then the Washington Home is two years down the line with an even more financially unviable situation.

Do you think the developer with the control of the situation would risk that capital without knowing what they were going to do with it?

So yes, you are actually wrong, [b]that IS how development deals are done, if the developer is smart. There are plenty of dumb ones who stumble into a situation and are left holding the bag.
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Wait.  There are dumb developers?  Isn't it all "smart growth"?   :lol:

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