Word: carlsberg
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Dates: during 1970-1979
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...another sportsman, Richard Carlsberg, 46, opened Pines Recreational Park, a 7,000-acre stretch of timberland in the sparsely populated northeast corner of the state (near Alturas). Facilities include a general store, laundromat and gas station, all of which made the $995 base price for shares so inviting that more than a few campers were incredulous about the park's land value. Doubts soon dissolved: so far, 2,800 ownerships have been sold (ceiling...
...venture was such a success that Carlsberg opened posher Stallion Springs Horse Ranch in semiarid land north of Los Angeles. Campers at Stallion are less interested in roughing it than riding it, drawn by the park's boarding stables, corrals and an equestrian show ring that seats 600. Though he also runs a profitable real estate and construction company, Carlsberg is concerned, he says, about "retaining land as much as possible in its natural beauty...
...more land the better: currently between them, Dennis and Carlsberg have irons in the fire for seven more parks...
...developer, mobile-home parks carry most of the advantages and few of the disadvantages of other real estate projects: construction costs are at a minimum and tax benefits at a maximum. Since a park contains few permanent structures, Carlsberg pays lower property taxes than he would on a shopping center or an office building. Tax benefits accrue to his tenants as well. Owners of mobile homes, which are regulated by state motor-vehicle bureaus instead of by local assessors, frequently pay lower taxes than they would on conventional homes-a system that many mayors consider unfair. For that reason, some...
Shrewd as he is on most business dealings, even Carlsberg can come out second best in some real estate matters. Convinced that the $18,000 annual property-tax bill on his palatial marble-columned home in Bel Air was too steep, he recently paid a visit to the tax assessor to complain. After looking into the matter, the assessor agreed that there was an error; he raised Carlsberg's bill...