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Subject: Re: Re: Re: Re: Re: Re: Any Closings at Bimini Bay Resort Yet?

Posted by: Bill
Host: 69-163-186-199.atlsfl.adelphia.net
IP #: 69.163.186.199
E-mail: <bertram25@worldnet.att.net>
Date Posted: August 06, 2004 at 16:09:22
Subject: Re: Re: Re: Re: Re: Re: Any Closings at Bimini Bay Resort Yet?

Message:

As of now Phase I is going up. Phase II+ is still an open question. Since you
already have money on the hook I can appreciate your position in this matter
however from your comments I know that there is a tremendous amount that you
don't know and a lot you've been mis-informed about. The people who have done
the independent research (people you obviously haven't talked to) condemn this
project and shake their heads at the claims that this is an environmentally
sound endeavor. As with your investment it's all about money, not science. If
it makes you comfortable to believe the self-serving information Capo's
biostitutes, builders and "compensated" people tell you, so be it. As you have
said this isn't about bantering between anybody but in the end you will know
the reality. We were told by a developer that Capo offered to sell him the
entire project for $40 million which he declined. This same developer also
stated that of all of the projects he's worked on around the world this is the
most environmentally destructive. I can't speak to the other projects he's
seen but I know this one is a travesty.

Bill



: First, let me say that I can fully understand why the residents of Bimini and
: the long-time visitors would be sad to see the development of the northern
end
: of the island. I would be too. Unfortunately, we (and many of the other
: purchasers) have no history there, and did not see nor anticipate the effects
: it would have on the islanders.
: But the fact still remains that the development is going up; MANY homes have
: been sold with large non-refundable deposits made from life-time savings, and
: it can now only benefit all to have the project completed, not languishing
half-
: finished (not that that is a prospect).
: Much research has been done, and an independent structural engineer from the
: states did inspect the foundations at the request of a buyer. He found
: everything in order. Capo has been working on starting this development since
: the late '90's and was held up for years because he had to make many
: adjustments to accomodate environmental regulations; which he did.
Certainly,
: there were changes to the environment that are now permanent, but waste and
: water management will be handled appropriately, and overseen by the necessary
: agencies.
: Just try not to take all town gossip and hearsay at face value either. Capo's
: development on New Providence now rents well and there a few homes for resale
: in the $300K range. And anyone I've ever talked to from Miami (not associated
: with him) says he has a good reputation there.
: As far as him wanting to keep people

Re: Re: Re: Re: Re: Re: Re: Any Closings at Bimini Bay Resort Yet? - Bob 8-08-04