The country’s leading realtor had his 70-guest Christmas party at BahaMar. All COVID positive. Showing buyers around. So how many infections did they create? Hundreds? So realistically 1000 per day. Nobody knows nobody counts.Cruise passengers spreading as well. So we’re between a rock and a hard place. Previous government was hated for lockdowns. New Day will mean next lockdown very soon. Driving 100 mph against the wall.
Why should they or anyone else buy this ruin? The government is the only one who touts the saleability of these mildew infested ruins. They will waste another $100 m and announce weekly how close a deal is and international investors flocking.
This man has balls. Doesn’t seem to understand the „Bahamian“ way of doing business. Too straightforward. Too business oriented. Seems to be A New Day for some. Urgently needed.
May we release the following facts regarding your article's incorrect "landbanking" comments. We have better things to do than landbanking in The Bahamas.
1. South Ocean Canadian Commercial Workers Pension Plan property
Following acceptance of all conditions set by the vendor's lawyer, Dr. Kovats delivered the signed purchase agreement to the vendor's lawyer in 2014, the vendor CCWPP never countersigned and returned. A $2,0 bn. development has been predesigned and submitted to the then Prime Minister Perry Christie and Town Planning, including hotel development. No answers, no comments, no decisions. The renewed project has been submitted in December, 2021
2. Love Beach
Dr.Kovats financed the first building to the previous owner who did not complete the building. In 2014-2015 Dr. Kovats foreclosed the property, acquired adjacent parcels, and received all approvals by September, 2021 only. The building plans will be executed by first half of 2022, and, again, depending on approvals time schedule, construction of the residential project is slated to begin in 2022 immediately after having received building approvals.
3. Treasure Cay
Dr. Kovats signed the sales and purchase agreement with the vendors beginning of 2021, in the midst of the COVID Pandemic. Following the complex due diligence, which is close to being completed now, closing is expected by beginning of 2022.
BIA asked for a development plan last week, which has been submitted within 2 working days, including significant investment. It took 8 unanswered emails to BIA starting August, 2021, to receive this request.
Following meeting with the DPM Chester Cooper confirming "removal of red tape and the most investor friendly government" we are confident of the "New Day" improvments.
I have written support and information letters about Treasure Cay to authorities interested in supporting The Bahamas in these challenging times, moreover expecting a very challenging 2022 ahead due to the recent Omikron spike.
All hands on deck are needed to support investment in The Bahamas, there is no time for "White Crab, Black Crab" games!
Dr. Wolfgang Groeger Kovats Family Office Vienna Austria
The New Day government will announce the deal for the next days or months of their tenure. Nobody serious will buy this teardown. Next $100 m will go down the drain. The IMF will end this Desaster in 2022.
So Craig Robert’s the marijuana producer should buy Treasure Cay? Enough land for growing marijuana. Welcome to the New Pindling Day! So drug business will resolve the Bahamas economy? The DEA and Navy Seals coming. Strange administration. Someone waiting for some 💰💰💰? Kovats seems to be too straightforward apparently not appreciated. Will he sit back and not act? Doubt it. Interesting weeks to come, this plus Omikron may be the final drop in the bucket for 2022 IMF takeover.
Intentional would mean there is a plan. Believe me, there is no plan. Or would the plan be to let the IMF take over and restructure? Maybe a good idea…
Maximilianotto says...
The country’s leading realtor had his 70-guest Christmas party at BahaMar.
All COVID positive. Showing buyers around. So how many infections did they create? Hundreds? So realistically 1000 per day. Nobody knows nobody counts.Cruise passengers spreading as well. So we’re between a rock and a hard place. Previous government was hated for lockdowns. New Day will mean next lockdown very soon. Driving 100 mph against the wall.
On ‘We need to tighten restrictions’
Posted 27 December 2021, 12:23 p.m. Suggest removal
Maximilianotto says...
Will not be the last time. Investors becoming increasingly disgruntled.
On Concerns mount over Treasure Cay future
Posted 27 December 2021, 9:09 a.m. Suggest removal
Maximilianotto says...
Why should they or anyone else buy this ruin? The government is the only one who touts the saleability of these mildew infested ruins. They will waste another $100 m and announce weekly how close a deal is and international investors flocking.
On Despite failed hotel acquisition investor remains committed
Posted 27 December 2021, 8:29 a.m. Suggest removal
Maximilianotto says...
This man has balls. Doesn’t seem to understand the „Bahamian“ way of doing business. Too straightforward. Too business oriented. Seems to be A New Day for some. Urgently needed.
On sheeprunner12
Posted 27 December 2021, 8:22 a.m. Suggest removal
Maximilianotto says...
TheNewPunch coming next year? Interesting. We missed the investigative newsfeeds.
On Kovats emerges as potential buyer for Treasure Cay
Posted 27 December 2021, 7:46 a.m. Suggest removal
Maximilianotto says...
Just read this - interesting - precise
May we release the following facts regarding your article's incorrect "landbanking" comments. We have better things to do than landbanking in The Bahamas.
1. South Ocean Canadian Commercial Workers Pension Plan property
Following acceptance of all conditions set by the vendor's lawyer, Dr. Kovats delivered the signed purchase agreement to the vendor's lawyer in 2014, the vendor CCWPP never countersigned and returned.
A $2,0 bn. development has been predesigned and submitted to the then Prime Minister Perry Christie and Town Planning, including hotel development. No answers, no comments, no decisions.
The renewed project has been submitted in December, 2021
2. Love Beach
Dr.Kovats financed the first building to the previous owner who did not complete the building. In 2014-2015 Dr. Kovats foreclosed the property, acquired adjacent parcels, and received all approvals by September, 2021 only.
The building plans will be executed by first half of 2022, and, again, depending on approvals time schedule, construction of the residential project is slated to begin in 2022 immediately after having received building approvals.
3. Treasure Cay
Dr. Kovats signed the sales and purchase agreement with the vendors beginning of 2021, in the midst of the COVID Pandemic. Following the complex due diligence, which is close to being completed now, closing is expected by beginning of 2022.
BIA asked for a development plan last week, which has been submitted within 2 working days, including significant investment. It took 8 unanswered emails to BIA starting August, 2021, to receive this request.
Following meeting with the DPM Chester Cooper confirming "removal of red tape and the most investor friendly government" we are confident of the "New Day" improvments.
I have written support and information letters about Treasure Cay to authorities interested in supporting The Bahamas in these challenging times, moreover expecting a very challenging 2022 ahead due to the recent Omikron spike.
All hands on deck are needed to support investment in The Bahamas, there is no time for "White Crab, Black Crab" games!
Dr. Wolfgang Groeger
Kovats Family Office
Vienna Austria
On Kovats emerges as potential buyer for Treasure Cay
Posted 27 December 2021, 4:38 a.m. Suggest removal
Maximilianotto says...
The New Day government will announce the deal for the next days or months of their tenure. Nobody serious will buy this teardown. Next $100 m will go down the drain. The IMF will end this Desaster in 2022.
On Failure to get Lucayan deal over the line not unexpected
Posted 27 December 2021, 3:21 a.m. Suggest removal
Maximilianotto says...
So Craig Robert’s the marijuana producer should buy Treasure Cay? Enough land for growing marijuana. Welcome to the New Pindling Day! So drug business will resolve the Bahamas economy? The DEA and Navy Seals coming. Strange administration. Someone waiting for some 💰💰💰? Kovats seems to be too straightforward apparently not appreciated.
Will he sit back and not act? Doubt it. Interesting weeks to come, this plus Omikron may be the final drop in the bucket for 2022 IMF takeover.
On Kovats emerges as potential buyer for Treasure Cay
Posted 27 December 2021, 2:36 a.m. Suggest removal
Maximilianotto says...
So working on getting grade D to 99%?
Wondering what is the New Day plan?
Better close everything else before closing urgently needed schools!
On Schools still plan to reopen - but situation being watched
Posted 26 December 2021, 7:37 a.m. Suggest removal
Maximilianotto says...
Intentional would mean there is a plan.
Believe me, there is no plan.
Or would the plan be to let the IMF take over and restructure? Maybe a good idea…
On COVID’S A REAL GRINCH: New testing rules for travellers and size of gatherings, Free medical masks and field hospitals plan as case total soars to 140
Posted 26 December 2021, 7:33 a.m. Suggest removal