ACR Back in the news ADE 8/11 and 8/12

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endoftheline endoftheline
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ACR Back in the news ADE 8/11 and 8/12

Check it out, not looking to promising, but nothing new either. With this out it might be tough finding new investors.
Adk Jeff Adk Jeff
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Re: ACR Back in the news ADE 8/11 and 8/12

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ml242 ml242
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Re: ACR Back in the news ADE 8/11 and 8/12

"Who would of imagined it'd be difficult to develop in a park", said no one sane ever.
Benny Profane Benny Profane
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Re: ACR Back in the news ADE 8/11 and 8/12

"Lawson said without the Pond Road sales, the chances of an operational ski area this winter are slim due to operation costs faced by the mostly volunteer group ARISE.

He himself faces financial difficulties as well. With several foreclosures initiated on personal properties and outstanding contractor bills, he says he's lining up his ducks with full intention to pay back debts in "one fell swoop."

That "swoop" hinges on the progress of the ACR, a project that has stretched more than a decade beyond developers' expectations when they proposed it in 2003."

So, basically, you have a person running this show that needs a quick jackpot to get out from his pretty big personal debt load, including the IRS. That's encouraging.
funny like a clown
endoftheline endoftheline
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Re: ACR Back in the news ADE 8/11 and 8/12

ADK Jeff, Great job, did you know that the ADE published an editorial on 8/18/16 pretty much apologizing for the 2 articles? Could you get a link to that also?  
Adk Jeff Adk Jeff
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endoftheline endoftheline
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Re: ACR Back in the news ADE 8/11 and 8/12

Latest from NCPR. Big Tupper story tomorrow. Check it out at www.northcountrypublicradio.org
x10003q x10003q
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Re: ACR Back in the news ADE 8/11 and 8/12

endoftheline wrote
Latest from NCPR. Big Tupper story tomorrow. Check it out at www.northcountrypublicradio.org
Short review - they have no money

Some details -
They have banged out 2 small Cazenovia businesses recently to the tune of $110,000 and are now being sued by those businesses.
They still owe property taxes on Big Tupper - over $290,000.
They still do not own the land they claim to have sales contracts on.
They need to file permits for the road to get to the great camps they claim to have sold -

and they still are too far from population centers - the ultimate reason that this will never happen.      
Adk Jeff Adk Jeff
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endoftheline endoftheline
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Re: ACR Back in the news ADE 8/11 and 8/12

Adk Jeff wrote
Here's the link directly to the story:
http://www.northcountrypublicradio.org/news/story/32701/20161006/hopes-for-tupper-lake-resort-tangled-in-unpaid-bills-back-taxes

My favorite quote is this one from Jim Lavalley:

"We are working with and we are affiliating with a large international company that should be announced soon," said Jim LaValley, one of the North Country’s biggest realtors, whose main office is in Tupper Lake."

How many times have we heard of investors (or buyers) that are waiting in the wings and should be announced "soon?"

And, as predicted, they're blaming it all on the environmental groups, ignoring the fact that they never had the financial backing to be able to build the homes that no one wants in the first place.
Jim Lavalley, one of the North Country's biggest realtors???????????????????? Really???  Since When??  If you check his website it seems to be mostly low priced properties from all the remote regions of the area.

Slight thread drift, but  the ACR seems to be mirroring the Trump Story of Development, Stiff the contractors and blame everything on the Media.
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