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1668-52 Economics, Development, & Real Estate 1895-1926 .... • .___.--- - .. _. .... _...._.- ...--.- ---. ._ .. _. .—..5� tea- ••�...- -_.*_= ,.^.._,^+ba^..^.- -. ..,. .; .._ t)- �h .! ' '.•:, , 4. .)Ci*' ' '''' ' ' . -e ' f (I. V.-'- f % / ' : t . .... . . . -6;,-er ..,..„.,. , , :-., ,...:. ; -.- 1.-7:..' ,,. . . .., . ..... ..,. . 1 . . .. . . . February ry 1919 . . . , .. _Ic . . . . . . . . . .. ... .. . . , . .. . • " . . . . • Mr. F. A. 5oi bA ing, . . i .Care Goodyear Tire & hubbor Co.npa,ny, . Aron, Chis. , Dear 1::r. :.)oiberlin , I have your letter, of the 30th. I am glad to know you _• aro back ono o. k. .I am also delighted to i(nov t?iat you have ease call idencu in the future of Florida. `.:here is plenty of - good Lund to be .had in largo parcels at very low prices. It is _ - the fellow who buys .. , :r 100 :cr.ls who {;oto stuck these days. • i Tho Tatu-ns have.a very Largo acreage of .:'vorglade land, ' ,•!) rtnich thdy bought at -Z.5 or .G an acre. They tiled to interest me in a largo plot o: it a year a;;0, ,at 47.50 anhere, I think. They .are very wary o: pr:tti:n pried on ra,p,:fr when tri;y talc bie• deals, • s; I can't toll you the exact price; but_if Butler- .Cant s the koy ; j • -- north of, you, it will east him consi:lorably =caws. The•l�.ay .is ,l smaller , and it the sirec3;;o is already.dahn there, it could pump • . on his ground switheat a reoving charges I should be very,glad to shoe thorn around :hen they • _ arrive, and do what I can to interest then in,ono place or the other. I doii't think the people have.sold the largo aw bor"of lots in the shall.cre part. They" want to try to hold this cart • . •a3 it is the os.siebt.\to fill. . • I am-sending you a blue print which will. give you a very good idea of the lay-out. I went over all thie property this morning with a Ur.` Kendall of Lew York. He is going to ` • ' -try to secure for me the roe: botto.n prices on it. In this _ way1 can t:;ivo you an idea of' :.hat -they price -it at, iii th:cu t in any way corn :itt ing you to oven an enquiry. ~ If the property could be secured, it would :mks) a • - . wonderful improvermnt to cut an opening through to the sea at -.j places :Larl d in. red. These openings. would not have to be. jott=ed,, • but bulk-headed by driving piling.. 'They could be reade For :-25,000 ` - apieoe, and by bridging these openings, -yea coul:l =rave a tro:mend ously inter..Sting develop.-Dent. I ' At least twelve or ••fifteen islands could bo built in the bay from the riparian rights that •o with the property, as , • the wator near the shore is oui,i auout a foot deep at lea tide. • - I ostirnte the Isla:ids could be :aide for 4800. en acre, or loss. - .1 wrote you a letter just yesterday going into detail on the property farther south. . • r-7".:77"--"----'-- - ` - - _-- --r•..-,.. __. - - - j ^.r-,r•-t-.e•':--•--' '7-!. `.c, -..... "T,-...o'y".e..c-r.r.,. �-cz. m.=.5-,,,, r :ag©. 2 • • Y.r. F. A. ::ioiberling, Akron, Onto • February 4 1919 ..., . • 4 '. The shore 'lino of this property inBootion 27. is a - mass of small ial.ai::is, :�nich are, not sn.o an on this ,�:3.p. At • 1 i,_ -- , least-lb islands could bo made at an avora{;o vrico or X00 or ' : 700 per acre, at points whore s I have rsar d orora:3es. These ' 'isiarxis could :ail bo connected to the mainland with_ahort • , •pilini briducroa. ,: , For your infor.ation I oncloso a co..y of the agreement - ' :,-=horoby the Tatums purahaseci some of_ the 000•in front property. k -' You-can oee that taey have until 192;1 to make the final pad+3nont of ,;;1i 50,000. I think thQg-would 'take a,profit Of 05 ,000 and - . got out' rirht;nati. Please consider the map very confidential. ' it took a low'time to traauthe_ ownership of tILose various pieces ,, t. of property, and ;ot all this information.. 1 �.'ili get a frioixi + , _ . of mina to foul out the at5zrs`on a trado. ' - ,. lot of uig uru-zes tih t wure used oh wuvornment - k work aro 6oing to be idle in trio next•two months. I believe a y, good .ti:as to,-.o willing will oe sorsetta3 in the near future. , 41 oro the pump is short, as. it is in this ease, .I:think'perhaps , _ 14¢ or lf.q. p .r• yard would oe -3.t1 you would Bees-.to pay.. Its is all right to employ Brown ,to divide his ti''ro 4,, i. between us. , I eeulc bardlytgot along, without him. 1 can- trust ♦ ` •hlm with. a, great deal of confidential irrfor.uation - .cit loa.st - • I • -I think I can, u?3 Los' this ti!ae. I mire o.x'.i a ,ilia; for Brown .< :;a - . to purchase a coat .and a tomporary houro on tix3 •y.; • Ho will, \ ` I of a:�+,r:3o_• suamit this to you. ' , • - �: - Yours very trul,, „ , )' Y: ' CG jarb - Arial. 1 • i Y w f 54 /'- - !,t1:t 1•' qtr ' ✓ • i •`•"1,'';`• 't t -' i t K .. y 5: .,' _ -. ,7 ' .....+� to S. .; '� f • C I. 4 ` 1 i j •,••.:'.-;•--4 •-•7:1.. ...5•01,17i0 q,.'k 7, 7:. �. .. � +tar t- C i CA: V f _ p I\ A 'r i < ' T rebruary 3 1919 •••••;•:;;;;;;:'••••-‘7,•`"--:, .:::-•.., . si r cC 4 rsci. '•. fez" P9 - - { ''....-;,i--,-;-4,-... -. /.:' ,a. - - '_. r` , i'•;:,17•4,-, - (1 .GAS+.a !,'! % ', , .' T • - 1 •• +sir. F. :1. Seihexii , , yz ��,� , -..Oars Goodyear Tiro & Rubber Company, ,., ,3�1 `;' '.� ,r , $ Akron, Oilia. ` . .,,,., ;� - 4 - Dear :..r. .•Seibattins, •_••.- ti" :e ;T I am sonaing you :under' separato cover a .bluo print shoging all the property belonfting to the Tatum Brothers. , or'approximatelir y :..5 miles, which vee looked at come few days a ;o. I am also sendieg ;i - - you a araC©d map of the developed part of the peninsula, showing , the property which belongs- to rime, and tlx propertyof tho Ocean -_ 1 Vioa Co•ripany, in which I have a one-third interest. - - Oh this map is shown alts° the uudevelopod property to - - the north. I have outlined in Uluo pencil various island schemes i 4 which can be :7o' d out very oasily, and I have givon the acreage • and •ppproxitnato cost on this ontiro pioco of property. - i i ' - This property, together with the 5 milds of ocean front, - - 1 can be gold for almost any figura you car:. to nae,- oo.enoncin; • - . the sale ,in 4 years, and extending it indefinitol;,r, say for ton pr 15 years. S;l,b0C,000' ..ould purchase the property and fill it, lay out the roads and 10 the first planting. Eor this s .6. you _ `. •could--e.iso lay out aa.ad�itional golf ground. 1 I-tniee: from ,:30J,000 to :A-500,000 ;vrth of this property ' could be sold each year of t. r the third year. In fact it could - 1 beso managed that a pF3r,t of the property could be filled at , 5 ti'ne, rend sold in advance of the eltirsate completed ;ob., ti . '. I have blue prints and drawings of .a hotel which we - . 1 - are going to build on our property if we can get any sort of figures on it, and the contract will bo let eo.Dtir�ze this i'.all. --1 This hot©l will cost 'about .1,000,000. ' As soon no the building of the hotel is announced, which will have to be within thfa rnxt 1 leo or 4Q days, ir, will be i�mposaibio to purchase the property to , - _ .-.-- - ' - • 'Watch I refer for twice mat it can be got ` . '': _ for now. - I have ono man horo who will put .250,000 into a company, acd I myself would put in ;,.::0,000. .1 ars just taking a long shot �t you, thin/ting that possibly. yclz may be interested. You ,re one - of the few men who have seen this property who can appreciate the possibilities, and who can roaliee the mid take I'made in not • . purchasing the property several years ago when .l .00L.ld have had • • . fya: .,x ::.r. F. A. -Solberli:v;, Arron, Ohio b'obruary 3 1919 - '- r� it for about 'one-fifth the pride I. s'flould have to pay for it now, -,,,,,4,:„•,,,, sg _ t' o If noaoeeary, the proporty could be purchased 30 that no :no •o than •;,350,000 would have to be paid during the next wear. •;•,,,,,,,:,,7`-:-. 1.2.:,.-,;,,;• •. rho investment in eafe. I should love to do. the wor;c of devolo iing, f .1 and i can add ot:�ar moneys to the' assistanco of the oompany as my ,,,-:*:-„,:i:.:- ff�h property farthor down on the poninsula• is sold. Vo have .very -, { . • • bright prospects for a heavy sale this year. I don't want to annoy you tali ing real estate to you if you arcs :not interested in it; but there .are only a few men ' who -have enough loney and vision at the sane time, to ado •what could be done with this piece of proporty. '.Vitra the oxporionco1 I gave had on the lob, I am satisfied i could save a groat deal •i - of money on the upner portion of tho wor;., and this land would - - bo even higher priced than what we have here. - • ' 1 Thecompletion of thin fill would practically eliminate i the _aoaquitoea over a. sovon-mil© area. Yours very truly, • • CGr'/mrb e ' _ - . • 1 1 • :xai4i7s t;.7'.4:4tV