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Special (Florida Land Sales) #492949

NBC Evening News for Thursday, Mar 31, 1977
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(Studio) Special report on sale of retirement lots in Holley-by-the-Sea, Florida.
REPORTER: John Chancellor

(Holley-by-the-Sea, Florida) Problems in selling lots here stem from methods developers used to get sales. Telephone sales pitch method most frequently used; 1 such pressure pitch recorded in Houston, but FCC regulations prohibit playback on air. Tape will be played, pitch repeated by someone else. (Tape played.) [MAN - says Saint Regis Paper Company has bought land for development here.] [Paper company spokesperson Frank WESTMARK - says claim not true.] Pitch says Monsanto Chemical to do same. (Tape played.) [MAN - says Monsanto has also bought land.] [Monsanto spokesperson Barney WANDER - says claims not true; they have no development plans for Pensacola area.] Next claim with regard to Army Corps of Engineers. (Tape played.) [MAN - says Corps to build Navarre Pass to Gulf of Mexico, south of Holley-by-the-Sea.] [Corps spokesperson Pat FLANAGAN - says status of Navarre Pass almost inactive at present.] Solicitors, who are paid straight commission, work from building in Miami headquarters of reality company, which is exclusive sales agency for land area. Company officials refuse interview or camera shots. Land fraud problems and efforts for reform noted. [Florida state legislature Alan BECKER - says better enforcement of laws and consumer education needed.] Federal and state probes continue.
REPORTER: Arthur Lord (WTLV-TV newsfilm, Jacksonville)

Reporter(s):
Chancellor, John
Duration:
00:05:30

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