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*** Bimini Sands ***

Old 07-27-2019, 09:13 AM
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Default *** Bimini Sands ***

Finally it is official and I can now post what I have known for the last month. The Asplundh family will be operating Bimini Sands beginning August 1st. Finally after a year of chaos we can now celebrate the beginning of a new Bimini Sands.
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Old 07-27-2019, 09:20 AM
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Out of curiosity what this mean for bimini sands owner?
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Old 07-27-2019, 09:21 AM
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Is that the same company/family that has the racket with all the towns to cut the trees? I always thought they were the Waste Management of the tree business.

Last edited by OldPete; 07-27-2019 at 09:27 AM.
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Old 07-27-2019, 09:23 AM
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https://irei.com/news/u-s-billionair...ahamas-resort/

Yup. That's them. Deep pockets. Likely a good thing for the Bimini Sands.
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Old 07-27-2019, 09:54 AM
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Originally Posted by Landito86 View Post
Out of curiosity what this mean for bimini sands owner?
Well for a start let me just say that they have committed $20 Million in upgrades to the property. Yes I have seen the list and it is extremely impressive.
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Old 07-27-2019, 10:27 AM
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that great news south bimini needed an up grade it will help the whole island
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Old 07-27-2019, 04:45 PM
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Sounds fishy to me. So they are just going give you 20 M in upgrades while not hitting you with assessments? They need power and mosquito control and a czar to prevent all the fraud that has gone on there for ever.
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Old 07-27-2019, 04:53 PM
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Originally Posted by wangotango321 View Post
Sounds fishy to me. So they are just going give you 20 M in upgrades while not hitting you with assessments? They need power and mosquito control and a czar to prevent all the fraud that has gone on there for ever.
Well lucky for you you're not a home owner so you have nothing at all to worry about.
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Old 07-27-2019, 05:19 PM
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Actually I am a homeowner in the Bahamas player. Don’t get sensitive I asked a serious question. Also spent many years at BS and know all the story. What happen to your boy brad?
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Old 07-27-2019, 05:47 PM
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Well, well. well. Now I know exactly who you are. Sorry things did not work out the way you planned. Sometimes you win and sometimes you lose.
I will not bother replying to your thread anymore just not worth my time.
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Old 07-27-2019, 06:01 PM
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Is the sand bar and restaurant included in that or is that a separate entity ?.
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Old 07-27-2019, 06:06 PM
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Originally Posted by Gnrphil View Post
Is the sand bar and restaurant included in that or is that a separate entity ?.
Everything is included as they purchased everything.
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Old 07-27-2019, 06:14 PM
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Talking about Mackeys sand bar and the Sqaure grouper, wasn't sure if that was part of Bimini Sands or not. If so that's great news.
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Old 07-27-2019, 06:19 PM
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You sort of peppered it with the brag that you knew a month ago when it was in the paper in April that it was cooking.

BS has a TON of potential. But you’ll need so much pest control that I’d be afraid of getting lymphoma from the pesticides you’ll need... and I’m only sorta kidding.

15MM plus another 20MM... so 35MM? Yeah... firvthe marina and surrounding common areas?

So if he wants a 10% return, it needs to met 3.5MM a year?

I don’t see that.

That family didn’t control the municipal arbor contracts by being stupid. They’re up to something.

When I was there in July most units were empty or beaten. My understanding is that people are selling at a loss of 25-50k.

The only way it makes sense is if they can control the units.

You can make the marina 3x the size... great, and what do all those people do?
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Old 07-27-2019, 06:21 PM
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... and by empty I mean vacant, no furniture etc.
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Old 07-27-2019, 06:21 PM
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Originally Posted by Gnrphil View Post
Talking about Mackeys sand bar and the Sqaure grouper, wasn't sure if that was part of Bimini Sands or not. If so that's great news.
Yes I believe that as well. When the Asplundh family does something they they go all in.
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Old 07-27-2019, 08:01 PM
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Originally Posted by One Tough Kitty View Post
Well for a start let me just say that they have committed $20 Million in upgrades to the property. Yes I have seen the list and it is extremely impressive.

good to know, love bimini. Hope they improve the place, specially the amenities at sands.
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Old 07-28-2019, 05:25 AM
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Well, I think it's a good thing. Can't wait to see the improvements when they are completed.
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Old 07-28-2019, 05:39 AM
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Definitely sounds promising. As this new owner is an investor (I assume) and not providing these upgrades for altruistic reasons, what’s the plan for the return on investment? Hit owners with special assessments, raise maintenance monthly fees, upgrade units and raise rents where the management company takes a bigger chunk, other?
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Old 07-28-2019, 06:20 AM
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I’m not an owner and don’t ever see me becoming one but I am a big supporter of Bimini and am always cautiously optimistic about any new plan which has the potential to improve the island for both visitors and residents. Having spent the last 40+ years going to all parts of the islands, I’ve learned a long time ago to not get too excited about press releases but prefer to take the wait and see approach, very very rarely do things work out like the press release over there. Hoping for a big improvement for all of Bimini
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