They have invested a significant amount of money to develop the site and install the utilities. Even the break even number for the sale of sites, to recoup the investment, is substantial. They anticipated that the sites would sell quickly at the starting price of $200,000 and that just didn't happen.
The entire property was offered to a few national campground owners but that didn't result in a sale.
It remains to be seen what the market will support and where this will end up.
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