I think the term "imploding" is being a bit dramatic. What this article fails to mention is that Lake Las Vegas is schedule to emerge from bankruptcy in April 2010. The plan looks positive for the community as a whole. Yes, LLV has been affected by the bad economy, but the area is in the process of re-setting itself from the housing bubble. It is rumored that either the Falls or Reflection Bay Golf course will re-open in April after the bankruptcy is finalized.

Many of the 2nd home condos that went into forclosure have all been bought up. Out of over 350 condo-hotels in Viera and Luna, there are only a few available (10 or so) to purchase now. The HOA's are strong as the banks had to catch the dues up to date and the new owners can now afford to pay the dues with the lower or no mortgage payments. (all sales were cash) In fact, there are very few homes for sale in Lake Las Vegas. Do your own MLS search to prove this.

The restaurants are doing well in the village and in fact a local Vegas restaurant just opened up its second location in the former Como's spot.

As a homeowner in Lake Las Vegas I have never heard one mention about HOA dues going up because of the water. I recently saw construction workers building homes in the Bella Fiore neighborhood, which is a sign that things are improving. There are many free events still going on in the Village and the weekend concerts will return in the spring.

This reporters prior article on Lake Las Vegas was a gloom and doom article with a negative slant as well. This is not accurate reporting. Once again, Thanks for nothing Dierdra.

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