Horse to water.
You know what they say. You can lead a horse to water, but you can't make them drink it (unless it is the THP Kool-Aid)
It sounds like some of your neighbors are still holding out hope that THP will rise from the ashes and using their magic hammers finish the development and make everything all right. They are either clueless or in denial. Either way it is their choice to do what they want to do.
You have done all you can do for them. It is up to them to make their own decisions.
Don't get me wrong. I would love to see THP finish all the developments they started and make everything for everybody all right. But given their track record and the way the economy is these days, I don't see how they can meet the new obligations to the banks in their DIP agreements.
Why did the banks agree to these new agreements. Simple. If THP fails to meet their new obligations, the banks simply take the properties. No fuss. No muss. Then they can turn the it over to a new developer to finish and recoop their losses.
Last edited by Voice-of-Reason; 01-11-2010 at 01:16 PM.
Reason: grammer
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