The Land: The Lakemaker

The area is a shambles. Gas and elec tric pipes litter the landscape. Giant earth movers snarl uphill and down. A tornado knocked the roof off the country-clubhouse even before it was finished, and as for the golf course it is still nothing but rough. Worst of all, the lake bed is dry. Yet customers are descending in droves to buy up lots in a new real estate development called the Lakes of the Four Seasons, a 20-minute drive from Gary, Ind. In less than two months, they have bought 550 of the 2,500 lots. Though prices start...

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