Lake Martin Topics: For a perspective..

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	Name:	roswellric -
	Subject:	For a perspective..
	Date:	6/7/2005 9:17:40 AM

The number may be larger than 300... There are pretty much only 2 landowners of the lake....Russell and AL Power. There are other power company lakes that are pretty much the same way. Duke Power owns most of Keowee in SC for example.

That's why any surge in demand produces spectacular rises in prices like we are having now. The supply is inelastic. Similar to housing prices in California where regulations restrict rapid response in levels of housing supply rather than the developers desire or ability.

On the other hand you get responsible and very high quality development because the developers balance sheet depends on it for one and fortunately, I believe Ben Russell is committed to the community and leaving behind a legacy on the lake.

From what I have seen Russell pours money back into the community although he gets little credit for it because he doesn't have the oversized ego to constantly promote it.