Preview:
LAKE PLACID — Residents of the Cascade Acres mobile home park have secured funding from the state and village in a last-minute attempt to stop the sale of the land that their 124 manufactured homes sit on by matching an offer from a private equity firm, allowing the residents to exercise their right of first refusal.
The residents’ purchase offer had not been accepted by deadline on Thursday evening and was still being debated by lawyers. But Cascade Acres resident and homeowners association co-founder Ryan Preston was hopeful it will work.
The village board held a special meeting on Tuesday to unanimously approve a loan of up to $420,000...
Read MoreOur thoughts on this story:
Yes, this is the same story as last week, in which the residents are trying to convince non-profits to buy them a park for over $1 million more than it is appraised for. This transaction has zero percent chance of ever closing and the tenants need to give up and move on and stop wasting everyone’s time.

