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Residential lake development just might mean economic boom for state's rural communities.

Publication: Mississippi Business Journal
Publication Date: 18-FEB-08 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Residential lake development just might mean economic boom for state's rural communities.(Focus: Real Estate Quarterly)

Article Excerpt
There's just something about living on the water. It's a growing trend, and one that can mean economic development for Mississippi.

Real estate developer Will Randall calls it a magical thing. "National research shows that water frontage is the number one amenity people want. It's a universal attraction," he says. "It's the peacefulness as much as actually doing things on the water."

His company, Community Development Group, is primarily involved with master plan communities, and started the Browning Creek community in Oktibbeha County in 1997. It's a 600-acre development with a 160-acre lake, and only a half-dozen waterfront sites remain out of 126. And, it's only 12 minutes from the Mississippi State University campus. He was also involved in the initial development of Reunion in Madison...

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