--- In FairfieldLife@yahoogroups.com, "sparaig" <[EMAIL PROTECTED]> wrote: > > --- In FairfieldLife@yahoogroups.com, "markmeredith2002" > <markmeredith@> wrote: > > > > --- In FairfieldLife@yahoogroups.com, "sparaig" <sparaig@> wrote: > > > > > > --- In FairfieldLife@yahoogroups.com, "jyouells2000" <jyouells@> > > > wrote: > > > > > > > > --- In FairfieldLife@yahoogroups.com, bbrigante <no_reply@> > wrote: > > > > > > > > > > A windfall for Kaplan, but also good for meditators who owned > > > homes > > > > > next to Purusha, as their home values will go up -- they can > sell > > > > > easily, and I bet most will head to Vedic City/FF: > > > > > > > > > > http://tinyurl.com/q76pg > > > > > > > > > > "David Kaplan, the developer of Heavenly Mountain, owned the > > > > > property then. When he started Heavenly Mountain in 1993, he > > > became > > > > > the largest private landowner in Watauga County, with more > than > > > > > 7,000 acres. > > > > > > > > > > On 500 acres, he built the nonprofit Maharishi Spiritual > Center > > > of > > > > > America, with separate campuses for men and women who > practiced > > > > > Transcendental Meditation. Heavenly Mountain also included a > for- > > > > > profit section of about 1,000 acres that could be developed > for > > > lots > > > > > and homes in the future. > > > > > > > > > > But in 2004, Kaplan announced that he had severed ties with > the > > > > > Maharishi Mahesh Yogi, a former Hindu monk who drew from > ancient > > > > > Eastern techniques of meditation when he began the TM > movement in > > > > > 1958. In announcing his break with TM, Kaplan said he would > > > pursue > > > > > commercial development of his property. > > > > > > > > > > In January 2005, the Watauga County Planning Board approved > > > Kaplan's > > > > > development plans for a large section of pro-perty. Three > months > > > > > later, he sold the land, nearly 5,000 acres, to Ginn LA > Laurel > > > Creek > > > > > Ltd. for nearly $44 million." > > > > > > > > > > > > > It sounds like he may have made some money - that's good. One > of the > > > > few, I'll bet. > > > > > > > > > > The swift way in which this deal occured makes me wonder if he > had > > > been looking for a way to unload his property for quite some time > and > > > once he found it, he coinicidentally found that the TMO was full > of > > > it... > > > > What was swift about it? Over 2 yrs since his split. The split > > occured due to the pilfering of $16 million that he put into the > > spiritual center acc't to pay for past taxes, improvements, and > > support for purusha and MD, so he was still very much into the > project > > at that time. Who knows if he made money? > > > > Sometime in 2004, he announced his split and that he was seeking to > go commercial. In January of 2005 he got pernission to go commercial. > Three months later, he had a deal to sell it. That's about 1 year > from the announcement of his change of heart to a final sale > agreement but only 3 months from the permission-graning. That's > pretty darned fast for a property that sold for $44 million. He had a > buyer sniffing around BEFORE he announced the split, obviously. >
He may have needed the $16 milliion back. Maybe the other folks were in a hurry... how can we know? It's not at all obvious. JohnY ------------------------ Yahoo! Groups Sponsor --------------------~--> Join modern day disciples reach the disfigured and poor with hope and healing http://us.click.yahoo.com/lMct6A/Vp3LAA/i1hLAA/UlWolB/TM --------------------------------------------------------------------~-> To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
