The following profit estimates were developed by a neighbor who was a former VP at two national contractor businesses. The profit is based on Shea’s financial statements, duplex and condominium square footage, past sales history, and local building costs.

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The profit estimates below are from Shea financial data published in 2021. Since then building costs and home sales prices have increased significantly. Based on data from NAHB and Shea's stated prices for new homes in Trilogy, Shea profit should be $35M for the new duplex homes.   

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Profit Analysis (from 2021)

 

Shea Homes Profit

72 Duplex Units on standard lots: $11.2M

50 Duplex Units on premium lots (view lots): $12.7M

Shea profit for selling land to development contractor: $2M (rough estimate)

Total Profit: $25.9M

 

Developer Profit

97 Room Hotel: $3.7M

40 condominiums: $4.1M

Village Commercial Buildings: $3.4M

Total: $9.2M (after paying Shea for land)

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Shea’s Offered Compensation: $4.2M

Shea has offered compensation of $4.2M in amenities and parking to compensate for the increased residential needs.  

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Note: We have had several requests to provide financial detail.

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For further information see Shea Profit versus HOA Amenities  - This is from the public record of the Board of Supervisors Meeting on August 10th meeting. It was submitted by a Trilogy resident.