Yates Lake Topics: More Wrong Info!!!!!

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	Name:	jdlake -
	Subject:	More Wrong Info!!!!!
	Date:	7/8/2006 7:21:05 PM

Since you still don't have it right, here's the REAL story. The Harbor Pointe folks were in final negotiations to purchase the property and build a proposed 12 story high rise condo building. During the acquisition process, it was determined that Alabama Power actually OWNS the first 30 feet of that particular property on the lake frontage. Therefore, the property is far less appealing to a potential buyer and the Harbor Pointe deal fell through (they backed out of it). The blown deal had nothing to do with the StillWaters Residential Association's proposed limits on construction height. The owner of the property does not seem interested in further development, so there it sits. Hope this info satisfies your inquisitive mind.