Why Did a Billionaire Snap Up Homes on a Sandbar in Duluth? - WSJ

[Lithos]

2. You should take her at her word

Just re-read what she is saying with a bit more skepticism.

First, she is buying up the land to set up "homes" for her family - read that to mean vacation villas. The investment in the natural areas again is an investment that benefits her private development. The coffee shop is probably something she wants her family to have. Same with the park and facility extensions.

Just focus on these ticket items as something meant for her family. What might have soured is that she could no longer do this to benefit the "community" because this transparency shows that she would have destroyed the community beforehand.

It's the same type of crap done by the ultra-rich in California and Texas, where exceptions are made at the expense of the community. I'll spruce up that bit of land, but you can't use it anymore.