I think Del Sur has great potential – for the next economic cycle. It is now in the same position Fairbanks Ranch was at the outset of the last downtrend. All the infrastructure is done, much of what can be built there has been built, and by the time it comes around again it will be stabilized.
I like Del Sur more than I like the little pocket projects that surround it. However, I think this time around it’s going to get a beatdown.
