Where's the Money in Barrington Hills?

Own and Operate 5 Acre Boarding Facility with 9 Horses
OR
"Feather" Develop Dede Wamberg Property?
9 Horse Commercial Boarding Inputs
Cost of "9 Horse Ready" 5 acre property in BH $                       1,500,000
Interest Rate                                   6.25 %
Barn Help Labor Rate/hr $                                    10
Monthly Utilities $                                  100
Monthly property, building maint. $                                  200
Cost Per Bale of Hay $                                      5
Cost Per Bag of Grain $                                    15
Monthly Board per Horse $                                  600

Feather and Develop Dede's Property Inputs
Market Value of Dede's 70 Acre Lot, 
    currently listed at $11.9mm, no bids $                    10,000,000
Tom Hayward Legal fees for Wamberg Estates PUD $                          100,000
Sales Price for Dede's 30,000 square foot home on 20 acres $                       8,000,000
Developer Infrastructure Improvements (Road, Sewer/Water) $                       1,500,000
Development timeframe (years)                                         3 yrs.
Interest Expense* $                          656,250
Price per lot for 40 lots on 50 acre PUD (lower density than Hayward's 
other PUD, Paganica, and his and Flannery's proposed but failed 
Goose Lake PUD) $                          300,000

Horse "Profits"
Annual Boarding Revenue $                           64,800.00
Annual Interest Payments $                           93,750.00
Property Taxes, Cook County (Lake & McHenry higher) $                           18,750.00
Utilities $                              1,200.00
Building and property maintenance $                              2,400.00
Hay Cost at 15 bales/horse/month $                              8,100.00
Grain Cost at 8 sacks/horse/month (2 scoops/day) $                           12,960.00
Labor ‐ one 40 hour/week laborer, feed, muck, turnout $                           20,800.00

Horse Profit(Loss)/Year $              (93,160.00)

Feather and Develop Dede's Property Profits
Revenue from Lot Sales $                   12,000,000.00
Revenue from Dede's House + 20 Acres $                      8,000,000.00
Cost of Dede's 70 Acres today $                   10,000,000.00
Tom Hayward Legal Fees for creation of Wamberg PUD $                         100,000.00
Cost of Infrastructure Improvements $                      1,500,000.00
Interest Expense $                         656,250.00
Profits from Feathering and Developing Dede's Lot $          7,743,750.00

Boarding VS Feathering? $          7,836,910.00

* Note: Feathering Interest Expense assumes (Market Value minus Sale 
Price of Home plus Infrastructure Costs) at 6.25 % for 3 years