Business

War Eagle Condo Bust

By Doug French / LewRockwell.com
Back in the middle of this decade, building anything seemed like a good idea. With the housing boom in full bloom, developers had the imagination, lenders had the construction money, and buyers had swarms of mortgage lenders panting to lend them the entire purchase price of anything their hearts desired. So imagine the confluence of combining Auburn Tigers football and real estate: a certain touchdown. After all, the much-loved Tigers were undefeated in 2004 under the guidance of revered coach Tommy Tuberville and were ranked second in polls at season end. The 87,451 seats at Jordan-Hare Stadium would never go wanting on game day and what every red-blooded Auburn fan of means couldn’t live without was a game-day condo. Heck people would buy units just to have a parking place on game days when the population of Auburn more than doubles.
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Posted by Editor at July 3, 2009 09:46 AM