Story: Mayor is Seller and Asks Tenants to Vacate - We Save the Day by 4x Lot Rent

They can’t close the park by changing the zoning overlay. You can fight that and will win.

Here’s the catch. You will end up spending +$100K in legal fees and your time and energy. If you have not closed on the park yet, I would seriously consider spitting the hook for greener and more welcoming pastures.

I am in the middle of a similar situation. It’s been 2 years of delays and legal fees. My original plan was to rehab the Park and fill it up. It’s taken so long I have bought 3 more parks since then. Each park is cash flowing nicely, while the one I want to rehab is barely chugging along. I’ve got a ton of time and energy into it now and I would be hard-pressed to stop. I figure I have another 1-2 years of battling before I am able to break ground and rehab the park. Then I need to fill up the empty spots.

My legal bill for last month was $20K. Just for one month. I am in it over $100K and am looking at another $+100K to see it through. Well, $200K is the downpayment on a small park. The only reason I am willing to push through this is that once the park is rehabbed and filled it will be worth over $+4MM. So it’s a pretty easy calculation.