Airport plans developing, an article from The Loveland Daily Reporter-Herald, reports that the airport steering committee is working with the Federal Aviation Administration to hammer out a deal regarding a Martin Lind proposal for development at and around the airport. The airport steering committee consists of the mayors and city managers of Loveland and Fort Collins. Martin Lind, president and developer of Water Valley in Windsor said, "What we are talking about is opening the airport up for business. We love this downtown NoCo area, and I would really like this airport to come to life." Lind has proposed building another fixed-based operator, the fuel station for an airport, at the airport in northeast Loveland. He would also like to develop more aviation-related businesses around the airport. Once completed, the business plan will be an attempt for the cities to find a way to use the airport as an economic engine for the region.
Vacation and Investment Property Sales Strong Despite Market Troubles, an article from Mortgage News Daily, reports that according to a study released late last month by the National Association of Realtors® (NAR), second-home sales declined with the overall market in 2007, but second home sales still accounted for 33% of all new and existing home sales. In 2007, 21% of all homes purchased were for investment purposes compared to 22% the year before. In addition, 12% of the home purchases were vacation homes, down from 14% in 2006. Lawrence Yun, NAR chief economist said lifestyle factors and strong demographics remain positive for the vacation home market. He said, "Investment considerations are secondary for vacation-home buyers, so there is some dormant underlying demand. A peak of population is moving through the prime years for buying recreational property. It is welcoming to see investment sales returning to pre-boom sales activity."
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