Buyer ID of Beachside Briny Breezes Trailer Park Delayed
December 11th, 2006
BRINY BREEZES residents of the 43-acre, 488-unit mobile home park, with frontage along both the Intracoastal Waterway and Atlantic Ocean, had a meeting on Wednesday where they were to learn the identity of the bidder willing to pay at least $500 million for their property. The board of directors and attorneys, however, were unable to get the contract finalized by the 9 a.m. meeting, and asked residents to return on Tuesday to hear the identity of the bidder and the terms of the proposal.
“The fine print hasn’t been completed,” Aronica said. “The amount you were looking at will be obtained and the other provisions we were interested in, getting the best tax advantage, will be met, as well as a time frame that will not unnecessarily disrupt your lives.”
The process began when Briny Breezes received an unsolicited proposal from Boca Raton-based Ocean Land Investments last fall to purchase the park for $500 million. Residents sought competitive bids this summer.
Residents are scheduled to hold a final vote by Jan. 10 on whether to accept the contract and sell the park. The board of directors has scheduled two additional informational sessions so that residents who are not in town Tuesday will be able to view the presentation.
Briny Breezes has many part-time residents, and many flew in from across the country to attend the meeting, only to leave with little new information.
“I’m very disappointed,” said Judy McAfoose, 69, who will fly back to Kansas City on Monday.
“But I would rather they get a good offer,” said her brother, Dr. Phil Brackett, 72, who is flying back to Lake of the Ozarks, Mo., on Thursday.
And because word travels fast in close-knit Briny Breezes, “We’ll know what happened without being here,” said Cindy Brackett.
SOURCE: Sun-Sentinel
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