From the Fauquier Times Democrat, we have Centex Abandons Arrington.
In a two-page letter dated Oct. 10, Centex Homes Division president Robert K. Davis notified Mayor George Fitch that the Dallas-based company "will not move forward and complete the purchase" of about 385 acres for a gated subdivision on U.S. 29 at the town's southwestern edge.
Centex wanted to build 298 single-family homes, which would have started at $900,000 apiece, according to the company.
The senior citizens-only project would have protected 200 or so acres from further development and put $23.2 million in Centex cash in government coffers.
298 houses in the middle of Virginia starting at $900K for senior citizens?
How many retired people who can afford $900K are willing to live in a place with no redeeming features?
Which dumbass originally conceived this project?
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