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re: Anyone been to W. North Carolina mountain areas recently?
Posted on 6/17/20 at 10:01 am to Dam Guide
Posted on 6/17/20 at 10:01 am to Dam Guide
quote:
Fontana Village is completely shutdown and they are looking for new owners.
Doesn't Fontana Village have some kind of odd 99 year long term lease from TVA or something? So you don't actually own the land the buildings are on? Would think that would make financing a little difficult. I love that area though.
1
Posted on 6/17/20 at 10:52 am to TimeOutdoors
quote:
Doesn't Fontana Village have some kind of odd 99 year long term lease from TVA or something? So you don't actually own the land the buildings are on? Would think that would make financing a little difficult. I love that area though.
Correct. TVA owns the grounds and buildings. The owners lease the property. The old owners did not renew their lease so now the TVA is looking for new owners. The TVA has a small maintenance staff taking care of the property until then.
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