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Future of Crestview

Discussion in 'Real Estate' started by Smiling JOe, May 20, 2005.

  1. Smiling JOe

    Smiling JOe SoWal Expert

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    A little birdie tells me today that there is a big leisure/resort(s) coming to a particular area close by. Supposedly (no confirmation), a California company purchased a large chunk of nearby land for a very large chunk of $$$$$, and is bringing in two massive entertainment parks. The littel birdie says that they closed on the property. Hmm??? No confirmation, but my little birdie has been apparently been busy today telling many people, because other people have been hearing the same thing. Maybe it is like people who pump up stocks in chatrooms, trying to up their own price, then sell. Is this a ploy by local landowners in that area? :idontno: We will soon see.
     
  2. GVM

    GVM Beach Lover

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    Ask the little birdie if he or she would like some Six Flags stock, now trading at $4.71 per share. Not a great time for the theme park industry.
     
  3. beachmouse

    beachmouse Beach Fanatic

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    Seems like there's always some sort of theme park rumor floating around somewhere in the Panhandle, though it's usually further east toward Panama City or Marianna.

    I just don't see that happening right now in Crestview proper because any area that's got the utility and road access infrastructure that it can be zoned medium density residential is probably going to be priced at too high of a price per acre to make a small to medium-sized amusement park not financially feasible.

    In terms of entertainment, I could see a long term player buying commercial with plans for an entertainment/mall/lifestyle project in five years. 10,000 new primary residence housing units in front of the planning department in those parts, as the cry goes, and those folks aren't going to want to drive all the way to Ft. Walton Beach or Pensacola to go to the Gap.
     
  4. Smiling JOe

    Smiling JOe SoWal Expert

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    If the talk is true, I definitely would not waste my money on "Six Flags."
     
  5. Smiling JOe

    Smiling JOe SoWal Expert

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    The theme park rumor has been floating around for the last year, but the talk I hear this morning sounds like it may have some grip. I am hearing specifics, but am just waiting to verify.
     
  6. FoX

    FoX Beach Fanatic

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    Well ???
     
  7. Smiling JOe

    Smiling JOe SoWal Expert

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    Well, nothing confirmed yet, but many people have heard a similar report. I just checked the Okaloosa County sales reports for May and I cannot find anything fitting the bill.
     
    Last edited: Jun 3, 2005
  8. beachmouse

    beachmouse Beach Fanatic

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    I heard another version of the north Okaloosa rumor today. Not Disney or California, but a big player. (think beer) One square mile of land between Crestview and Mossy Head.
     
  9. Smiling JOe

    Smiling JOe SoWal Expert

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    The story which you heard is the same story. One of the two companies does produce mucho American beer, even though the family's name isn't American.

    I have been asking around and still, no one can confirm the sale. I checked Okaloosa County's sales and turned up no sales coming close to matching the sales price which I heard.
     
  10. FoX

    FoX Beach Fanatic

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    Is it supposed to have closed - or might they still be doing feasability?
     
  11. Smiling JOe

    Smiling JOe SoWal Expert

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    I heard the property had closed in April/May, but it is not showing up in the County's sales list. It is possible that a feasibility study may be ongoing -- you know how reliable 2nd hand info can be. The only thing that made me think that this story could be reality was that I heard specific details, and in the past, I have heard only general info.
     
  12. FoX

    FoX Beach Fanatic

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    I guess there are ways to keep sales from being public.
     
  13. BeachDreamer

    BeachDreamer Beach Fanatic

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    Rumors do seem to abound when the words "theme park" are mentioned. People around here have been convinced for the last decade that Disney plans to purchase and manage the Texas Renaissance Festival, but so far I haven't seen any evidence of it.
     
  14. Camp Creek Kid

    Camp Creek Kid Christini Zambini

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    We have been told by a planning authority in Okaloosa County that there will NOT be a Busch Gardens in Crestview. They did buy 2,500 acres and plan to develop it with residential developments, but at this time, there are no plans for a theme park.
     
  15. BrettMan

    BrettMan Beach Comber

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    Where is Crestview?
     
  16. Beachlover2

    Beachlover2 Beach Fanatic

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    Crestview is North of Niceville off of SR 85. About halfway between the gulf and the Alabama line.
     
  17. beachmouse

    beachmouse Beach Fanatic

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    In recent years, Crestview was known for cheap new housing developments ( sometimes as low as $50/sf including lot until the early 00s) and an ugly cross buring incident in the late 90s. We looked up there, and could have had twice the square footage for what we paid for our house in Bluewater, but the cross thing weirded us out, and we'd already had one really bad experience living in the small town South.

    The latest version of the rumor according to Mr. Mouse's assistant's realtor. (and could you possibly get more urban legend sounding than that, so believe what you will. I'm just having fun spreading the gossip):

    The 600 acre residential development was a plan from 1998 that was never followed up on. That is now off the table. The new plan covers 2500 acres, and somehow involves a certain big-haired country singer who already has entertainment/theme park interests in Tennessee and Florida.
     
  18. kurt

    kurt Admin Staff Member

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  19. Smiling JOe

    Smiling JOe SoWal Expert

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    The story I heard that lead me to start this thread, indicated TWO, not one, theme parks. Yes, one did involve a curvy, wig wearing lady who has a theme park. The other was better known for selling beer, the number one and number two brands sold in the USA. Seems like mucho theme parkos, but we need not look too far south to see other examples of multiple parks in one area.
     
  20. FoX

    FoX Beach Fanatic

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    Maybe Dolly and Busch will enter into a joint venture.
     

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