FLORIDA – Homeowners take control of MetroWest
Almost 30 years after the 1,800-acre MetroWest community opened, homeowners there will soon control Orlando’s largest development.
At a meeting of the MetroWest Master Association last week, property owners voted in favor of “buying out” developer Carl Shakarian for $2 million. The association voted to borrow the funds, pay the developer in October, and then repay the borrowed money over five years.
“Congratulations, you are now in charge of your own destiny,” said MetroWest Master Association President Jim Drayton after the vote tally. Read more: