What I don't understand is why aren't these properties being developed? There is a carrying cost of owning these properties. They tear down the structures ie Karl's steak house and now the water slide with no plans to replace with an attraction or something that will draw people to the area. Am I missing something here? Is there just a lack of investment interest? If you drive further down lakeside ave to Lookoff Rock, they are building & selling high end town homes.
Go figure.
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