Bankrupt in Samana !!!

[Kiteman]

After another of "Jaspers" sell Samana posts, I took a look at Samana.net to see if he/she slops the same swill on their forum. Of course he does, but under the names of Brad and Bradley. However, I did find a link there from the newspaper that spells out what everybody that lives on the North Coast knows, Samana is a TERRIBLE investment. The deterioration of even the most basic infrastructure is shocking. Jasper/brad/bradley keeps babbling about loans, but anyone who lives here knows that IF you get the loan, you have a very small chance anything will ever be done. With the focus currently on the Cap Cana, La Romana area, Samana will continue its downward spiral. I know quite a few people who have lost a lot of money foolishly investing in the Samana area, but fortunately, there are very few salespeople that will try that BS like before, too many people have been burned. Anyone pushing that "great investment Samana' fairytale story in the Cabarete is treated like they have the mark of Cain stamped on their forehead. Maybe internet forums are the new venue for the snake oil salesmen..... less chance of a tar and feathering.


Las Terrenas luce en total abandono

MUNICIPAL
TEONILDA GóMEZ
LAS TERRENAS.-


Las principales playas de Las Terrenas están contaminadas.
La falta de un sistema cloacal, problemas en el depósito de la basura, deterioro de las calles, contaminación de playas, cierre de la mayoría de los hoteles y centros comerciales turísticos, falta de seguridad, de energía eléctrica, el desempleo es el drama que vive la población de Las Terrenas.
El problema es planteado por La Asociación de Inversionistas Extranjeros y Residentes en la República Dominicana, la Asociación de Pequeños y Medianos Empresarios, la Asociación de Comerciantes, el Colegio de Ingenieros, Arquitectos y Agrimensores (CODIA), el Sindicato de Taxistas y los profesionales de la medicina en esta población.
Contaminación
Los representantes de la Asociación de Inversionistas Extranjeros, Feliche Marchia, María Teresa y Lean Raúl explicaron que la situación de abandono y contaminación que se vive en este polo turístico es realmente dramático.
Urgieron al Gobierno ejecutar la serie de obras anunciadas hace alrededor de año y medio por el presidente Hipólito Mejía durante un Consejo de Gobierno, efectuado aquí.
Durante ese encuentro el presidente Mejía dispuso que el Instituto Nacional de Aguas Potables y Alcantarillados (INAPA) iniciara los trabajos de construcción
del sistema cloacal y a la Secretaría de Obras Públicas reconstruir las calles. Inversiones del sector turismo en esta zona sostienen que sus capitales están en peligro, ya que los turistas que vienen por primera vez a disfrutar de sol, playa y el entorno del paraíso de Las Terrenas encuentran la triste escena de las calles intransitables adornadas con la polvareda y la oscuridad, el corte del año Seco que desemboca en el mar contaminando todo el área de la playa, la gran cantidad de aguas negras y la poca seguridad por parte de las de la Policía Nacional y la Policía Turística (POLITUR).
“En estos momentos, el 70 por ciento de hoteles y centros turísticos están cerrados a causa de estos inconvenientes. En estos últimos meses, según los touroperadores, muchos turistas cancelan sus reservaciones al enterarse de la situación que afecta a Las Terrenas, y otros se niegan a volver por segunda vez’’, dijeron.
Acueducto
Los representantes del sector turístico reconocieron que INAPA construye un acueducto para la zona urbana, pero que no han comenzado las obras que señaló el Presidente.
En tanto, el presidente del CODIA, Rafael Arvelo y el de los pequeños empresarios, Julio Angel Castillo, coincidieron en señalar que los principales contaminantes de Las Terrenas es el río Caño Seco y el vertedero municipal ya que cuando llueve el río arrastra la basura hasta el mar.
Ademas, muchas viviendas y algunos hoteles utilizan el río como séptico, lanzando todos los desperdicios que producen los alimentos y otros contaminantes que se mezclan con las aguas negras, llegando hasta las playas.
Arvelo y Castillo manifestaron que la situación que se presenta en Las Terrenas afecta en gran parte el turismo, señalando que los hoteles tienen una ocupación de un 10 a un 15 por ciento y otros han tenido que cerrar, dejando sin empleo a miles de personas.

http://www.listin.com.do/antes/15070...iones/reg8.htm

[Jasper]

you're a very bitter person. i am in montreal. you ever see me selling any land? samana will have an int'l airport whether you like it or not. i post the updates to keep our community abreast of the situation and many have sent me private emails to thank me. loan was already accepted. bond issue between the banks and the idb is now being worked out. samana will change a great deal for the better. don't know what your problem is and frankly i couldn't care less. you start a whole new thread to belittle me. you've got some issues to deal with buddy. if anyone interested in investing sees samana as a bad investment, then that is his/her decision. i am actually looking at buying more land in las galeras. hope i never see you there.

[Andy B]

Kiteman, your "news flash" is OLD NEWS, from last year as a matter of fact. That article was already hashed out on this forum. I have agree with Jasper: you do seem to have a problem with axes to grind. Fact is now that funding has been secured, the international airport at el Catey will become a reality and Samana will really take off. Too bad your not on the plane.

[Fulano]

Maybe this could be a good time to invest for those seeking the low cost/high risk opportunities. With some many bankrupt businesses, prices must be incredibly low. Maybe this is the silver lining to this dark cloud.

[Andy B]

I'm not aware of many bankruptcies with distressed businesses for sale on the Samana peninsula. What I have encountered mostly is low inventories in the local colmados, supermercados, fereretarias, etc. as the Dominican businesses struggle to survive the peso's devaluation. And those that are mostly affected are those that are marginally funded from the beginning.

Most area hotels and restaurants are running with reduced staff and only a few have closed. New construction is still going strong. I have also noticed more property for sale signs, but that has mostly been in the past few years as Samana's desirability increases. Once the el Catey airport is opened look for property values to skyrocket.

[agroger2003]

Would like to contact JASPER on the subject. Thanks.
AGRoger -Montreal, Quebec

[Jasper]

came across this old thread today. maybe robert could put it into northeast forum. yes, i'm just a greasy old snakeoil salesman. with all the development about to happen in samana, i guess all the new investors will have the last word. kiteman, will we see you at the airport opening?

[Andy B]

Jasper,
He won't be there. He's off flying a kite somewhere and hoping Samana goes belly up.

[mountainfrog]

Originally Posted by Jasper

... i guess all the new investors will have the last word.

... which could also be a word of remorse.

I for one am looking forward to any development and appreciation of land here as we own a few sqm's.

For the time being hotel occupancy is still meager and many restaurants don't make a buck.
The best business so far has been finding someone to hold the baby.
Whether the new airport will fulfill all hopes remains to be seen. There are other places even nearer to airport which have gone down the drain.
Vamos a ver.

m'frog

[Conchman]

its very difficult to make a quick buck in real estate, you have to be able to hold on at least 5 to 10 years. Good real estate always seems too expensive when you buy it, and then all of a sudden appreciates significantly after a few years.