Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1925-11-26
Is Wisconsin Slated for
Next Real Estate Boom?
TURN NORTH FOR NEW PROFITS
IN SUMNER COTTAGE SITES
AND PALATIAL HOTELS
BY RUSSELL B. PYRE


based upon it's summer vacation at
fractions, which may parallel or even
surpass the present boom in Florida
Wisconsin men for several weeks
have sensed the fact that something
is brewing" but until this week there
has been no information locally upon
which any definite report could be
pinned
The rumors have been to the eff
feet that the big operators who have
SKINNED the cream Of the Florida bon
ANA are turning their eyes to this
state, with its possibilities of lake
shore lot sales and the development
OF palatial summer resort hotels.
That there really is something ''in
the air. was affirmed by H. E. HON
rig, field man for the Upper Ten
Club, of MinocQua, who visited Madi
son during the past week.
A rich Chicagoan, owner of large
camp for boys in the Minocqua coun.
try, was cited by Mr.. Homrig as au
thority for the statement that at least
five real estate firms are now being
organized in Chicago for the purpose
OF selling land to the Florida operators
1t was learned also that several Wis
consin land owners, who have been
operating in a small way in the up
per part of the state, have now open
ed offices in Chicago and are engaged
in active selling campaigns.
A Wisconsin boom, said Mr.. Homrig.
will have the advantage of greater
stability than the Florida movement.
being based entirely upon the out
door life resources which the state has
in superabundance
Mr. Homrig personally is confident
that big development is on it's way
in the Upper Ten region. Granted
that his viewpoint might be colored
by the rosy spectacles of his own in.
terests in the matter, there seems to
be no lack of witnesses to support
hin prediction.
There are grounds to believe, accord
ing to local real estate men, that a
boom, once started, would not confine
itself to upper Wisconsin and that
Madison, with it's attractive lake
shores, would feel the effect of the
stimulated demand
The million-dollar hotel planned at
Minocqua is looked upon as one of the
signs Of the times" pointing to the
expected development The coming
year, according to information receiv.
ed by Stanley c. Hanks, Madison real
tor who is the new president of Wis,
consin, the Land OLakes, Inc.
also may see the establishment of
several new summer camps not only
in the northern part of the state, but
in other sections.
That F. w. Luening, well known
writer on outdoor subjects for the Mil
waukee Journal has heard something
of the impending boom is indicated in
the following included recently in his
column, "The Trails End"
"Men are saying" he wrote chat
Florida promoters, sensing that they
have skinned the cream from the
land boom down there, are turning
their attention to new fields.
The new fields are in other states.
where summer homes, hotels, golf
links and shooting grounds can be de.
veloped. The promoters are thinking
about Wisconsin. Soon they will come
first quietly, then in numbers to sink
some of their Florida profits in Wis
consin and make more profits out of
lake shores, golf course sites and no,
tel locations to be sold to Chicago and
other people"
Not few Chicago professional men
it is learned further, are scraping to
gether all the funds they can com
mand to purchase Wisconsin Iakeshore
and cottage sites.
Additional evidence showing that
the rumors of an impending Wiscon-
sin boom came to The Wisconsin
State Journal in the form of request
for information received from the dir
ecto1 of a Chicago concern.
II should like to have you make in.
quiries," he wrote, and advise me if
you know or learn of any big land
deals in Wisconsin contemplated by
Florida real estate operators, also any
thing regarding palatial resort hotels
to be erected in Wisconsin by Florida
operators.
"This office" he continued, is fire.
quently appealed to as an information
bureau for anything relating to Wis
consin and we have recently had sc
many inquiries regarding the above
mentioned matter that we are endeav
oring to run it down.
ut seems the men who have beer
so successful in their money-making
operations in Florida real estate and
see the hand writing on the wall have
been making a very careful research
of districts close to density of popu
lation, of the land that is in it's prim
tive state and that is still obtainable
at very reasonable market price.
'As it is explained to us, it is the
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