Yates Lake Topics: You are correct

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	Name:	Carnac -
	Subject:	You are correct
	Date:	7/8/2006 6:12:31 PM

they don't own it presently. The real owner wanted to tear it down to put up a highrise condo. The Residential Association acted quickly to limit the number of stories that can be built on the resort's grounds. So if the present owner doesnt feel that it is economically appealing to build what the condos are limited to, in height, who is going to buy it? The owners of Harbor Pointe have proven that they can get a good ROI with shorter buildings. No matter who owns the property condos are destined for that location. Sooner rather than later.