This week’s OBJ reports that the owners of Orlando’s Palazzo del Lago may be selling their 41 acres of condo hotel entitled land, suggesting that this may be the latest I-Drive project to go belly up. International Plaza dropped it’s sales efforts last year and others are not looking so good – with loans becoming increasingly hard to find on the condo hotel product. As usual, the developers are denying there is any problem – all of which solidifies the best piece of advice I’ve been able to offer in the last two years:

If it ain’t built – don’t buy it.