Tommy Dobczyk warns developers not to buy land without county approval first. A $4 million, 12-acre parcel can become unusable wasteland if the county won't sign off. Institutional investors with $230 million funds only back fully entitled projects, not unapproved parcels.
They don't give a shit about that. So on an opportunity, and then, not only that, but you can, you can get this approved through the county. Before you start breaking ground on any of this, you want it approved through the county. Because if you do these two and something happens and this never gets approved, this becomes wasteland. So now, now we're at risk. Because if we bought this whole property right here for whatever they were talking about, $4 million, we now sit on a piece of property that we can't do anything with. That's why when we have a whole 44 acre piece of property, we're going to entitle it all the way through. And the only way we can do that is to get all these, all these spaghetti lines on something on a piece of paper that they can see and then approve it. But in order for us to get in, you know, the institutional investors to do this whole thing, a 230 million dollar fund, we can't say we have a 12 acre project, they don't give a shit about that. They want to invest in this.
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