It would be sad to see a great waterski lake go away, but at that price, (or what the market will eventually bare), the buyer will likely want to develop, for long term profit, and income stream. If the encumbrances can be solved, such as partial land reclamation, and other development check lists, the eventual income stream could justify a property value of 5 times the purchase years down the road. What seems expensive now could turn out to be a wise purchase years from now, just like what seamed expensive years ago is a wise investment now. Richard d. And I spoke about this subject very briefly a couple years ago. There would have to be the political due diligence prior to a deal. Long term property leases with tenants (hotels, office buildings, restaurants) could be an option. The ironic thing is, back in the good old days, when development was much easier, less expensive and restrictive, this made economies thrive and prosper, as opposed to over regulation and over reaching now. Now a days though, the big chains would likely buy directly, and have more political pull.