Based on some blog post and chat discussions in WA, I've noticed there are some thoughts on what exactly an authority site is and weather it is a reality of creating an authority site?

Well, let's start with my thoughts on what exactly an authority site is.
There are two types of authoritie sites:

1) Absolute Authority Sites
Sites like Huffington Post, The Daily Beast and Google’s blog would be considered Absolute Authority Sites.
These sites are also labeled "informational" authorities versus navigational authorities like DMOZ.

2) Relative Authority Sites
More geared toward internet businesses, you also have relative authority sites. These are sites run by bloggers or webmasters that are authorities in a niche. Basically Blog or Niche sites that are considered authorities in their markets.

So, Can you Really Build an Authority Site?
In my own opinion, any site has the ability to become an authority site.
Of course it takes work and a clear vision of what your site is all about. I have created a training resource to help you with this:

[Training] Authority Site Development Process

You may run into people who will doubt your vision and dream of building an authority site, but please don't let that stop your dream. Think about this..

Arianna Huffington started a small website in 2005 called Huffington Post and in 2011, she sold it to AOL for $315 Million Dollars.

Huffington Post was started by one person with a vision...