Entrepreneur embodies region's wealth bubble

“I do not fail at what I undertake,” he told the commission. “I’m going to sell my dirt. I’m not going to go to auction.”

Weeks later, that’s exactly what happened.

Owes $20,000

Nolan is sitting in his pickup explaining why his plot of land would make a great city parking lot. The truck’s windshield is cracked, its windows don’t open and the driver’s-door handle has snapped off.

Since he lost the land, Nolan has served as the property’s agent and grounds crew. It lists for $2.4 million, and if it’s ever sold, Nolan could pocket $100,000 or more in broker fees. That’s not the million-dollar payday he once envisioned, but he’d take it.

He has no home, staying instead with friends and family. He owes $20,000 in debts and tax liens. He frets about the price of gas.

“Sometimes friends say they want to set me up with someone for lunch, and I think, ‘How that would go: Let’s see, I’ve been foreclosed on, I’m upside down [on debt], and I’m an $8.25-an-hour cast member.’ That introduction doesn’t really work.”

Which leads to the question: Given Nolan’s experience, why hasn’t he found a better-paying job?

He says he looked hard, landing a job in 2008 with a developer whose company ultimately went bankrupt. In 2009, he became a business manager at Workforce Central Florida, but the position

We recommend you visit the following site for more complete information and related topics. Article source: http://orlando.feedsportal.com/c/34256/f/623117/s/23773b2c/l/0L0Sorlandosentinel0N0Cos0Egerry0Enolan0Eprofile0E20A120A9150H0A0H31674320Bstory0Dtrack0Frss/story01.htm

Comments are closed.