Worst idea….ever

I am not a real estate sales expert nor do I consider myself a man of “cutting-edge” taste.  However, I feel relatively confident in saying that the development referenced in this article on WSJ.com inspired by the “Lord of the Rings” Trilogy is the worst real estate development idea….ever.

What was this guy thinking?

What was Umpqua Bank thinking in giving this developer a loan to carry out his plan?