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Old Bahama Bay view point from an Owner

Old 01-22-2019, 12:15 PM
  #21  
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http://www.grandeharbour.com
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Old 01-22-2019, 12:28 PM
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https://thenassauguardian.com/2018/0...FbiXucMmTbsYPA
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Old 01-22-2019, 01:06 PM
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Originally Posted by xavierq View Post
So basically this is just the beginning of the mega resort that Skyline has planned for the rest of the 2,000 acres? I just don't see where they are going to draw all of the people from to fill up all these condos and pools and gyms and amphitheaters. But what do I know.
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Old 01-22-2019, 02:04 PM
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Good info, thanks for sharing. So is OBB cancelling reservations and putting a hold on any new ones for the time being?
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Old 01-22-2019, 05:02 PM
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Which of the 15 slips are still under the control of IVRC that are referenced in this article?

OBB marina still open for business - The Freeport News
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Old 01-22-2019, 05:07 PM
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So if the fuel docks, customs, the restaurant, bait shop, etc. are still under the control and ownership of IVRC, isn't the only issue here that there are now 67 less slips available? What else is closing?
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Old 01-22-2019, 05:52 PM
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I wish the owners the best but I wouldn’t make any reservations at the “new” resort or marina in my lifetime, just more Bahamian development BS to me
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Old 01-23-2019, 03:06 PM
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This is being distributed from our IVRC board. So if you have reservations with a boat dockage, yes you will get a slip or some place to dock. I would just call the dock master first to coordinate.
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Old 01-23-2019, 04:29 PM
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Who owns the beachfront?
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Old 01-23-2019, 04:45 PM
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Who owns the pool area and the food shack at the pool. Love that place as a break on my way back from hopetown.
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Old 01-23-2019, 04:58 PM
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Originally Posted by tortugaboats View Post
Who owns the pool area and the food shack at the pool. Love that place as a break on my way back from hopetown.
The pool and tiki area is part of the common area owned by LRA, however each owner has deeded rights and access.

Originally Posted by Lazy Bones View Post
Who owns the beachfront?
Each owner has deeded rights to the beach

Friday January 25 is the next court day scheduled in front of the judge in Nassau.

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Old 01-23-2019, 05:16 PM
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Originally Posted by Mark Wilson View Post
The pool and tiki area is part of the common area owned by LRA, however each owner has deeded rights and access.



Each owner has deeded rights to the beach

Friday January 25 is the next court day scheduled in front of the judge in Nassau.
I'm curious. What, exactly, is the argument before the judge?... My understanding is that the condo owners own the condos and were leasing the rest from a company. The lease is over and the owner wants to sell it to a developer. While I think it sucks for the owners, I'm totally confused as to what the dispute is.

Let me be clear -- I liked OBB when I was there, I'm just interested in the actual situation.
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Old 01-23-2019, 05:50 PM
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Originally Posted by OldPete View Post
I'm curious. What, exactly, is the argument before the judge?... My understanding is that the condo owners own the condos and were leasing the rest from a company. The lease is over and the owner wants to sell it to a developer. While I think it sucks for the owners, I'm totally confused as to what the dispute is.

Let me be clear -- I liked OBB when I was there, I'm just interested in the actual situation.
Our position is that the lease is not over. I have a copy but I am reluctant to post it publicly and letting our attorneys handle it. The verbiage refers to LRA can cancel the lease with 90 days notice if they have a buyer for the property. They had a buyer Skyline, but they never closed on the deal (missed 7-8 closings) and now have reportedly walked away. LRA is now looking for a new buyer. Without a buyer or a contract to buy, the lease should still be honored. that is what our lawyers are arguing. I am sure that there are more arguments from both sides in addition to that but that is the core of our argument. We filed an injunction and the court is supposed to rule on it Friday. We will see if that reopens the marina or not. Bahamas courts typically rule in favor of the interests of the Bahamian people first and if the marina does not reopen it may end up eliminating jobs so they will take that into consideration. As mentioned in the announcement, LRA does not employ anyone to run the marina so they say it will not impact any jobs. However IVRC does and we have a full marina staff, now if 75% of the marina closes for no good reason, and no buyer to transition, no timeline to reopen that is a hard sell to the courts. IF LRA wins, then out of spite I suspect they will target the restaurant and teasers tiki bar next.

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Old 01-23-2019, 05:55 PM
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Mark,
Thanks for a thorough update. As a frequent visitor I wish you and the owners luck. Please let us know if there is anything we can d to actively show our support.
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Old 01-23-2019, 05:56 PM
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I don’t understand how any of this helps Adler. Is there some negotiating issues between MacDonald and Adler causing this nonsense?
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Old 01-23-2019, 06:14 PM
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Originally Posted by TheBigWhit View Post
I donít understand how any of this helps Adler. Is there some negotiating issues between MacDonald and Adler causing this nonsense?
I think this goes way back before my time and that LRA never had any love for OBB, the owners or the wonderful people that live in West End and made OBB what it is. John MacDonald is simply someone that stands up to them, reopened the closed airstrip and saved the resort from LRA closing it 5 years ago.
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Old 01-23-2019, 08:06 PM
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Same shit, diff. Island. This is why rec leases were outlawed in fla way back in 70’s . Mark, would like to talk 954-270-2187. Owners pony up for purchase of condo but come to find out the amenities are not part of the deal. Of course,no divulgence of that when you buy.
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Old 01-23-2019, 08:59 PM
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Good luck, Mark. It's important to preserve jobs for the Bahamian people. This guy Adler seems to be a real d-bag.
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Old 01-24-2019, 05:56 AM
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Originally Posted by Mark Wilson View Post
Our position is that the lease is not over. I have a copy but I am reluctant to post it publicly and letting our attorneys handle it. The verbiage refers to LRA can cancel the lease with 90 days notice if they have a buyer for the property. They had a buyer Skyline, but they never closed on the deal (missed 7-8 closings) and now have reportedly walked away. LRA is now looking for a new buyer. Without a buyer or a contract to buy, the lease should still be honored. that is what our lawyers are arguing. I am sure that there are more arguments from both sides in addition to that but that is the core of our argument. We filed an injunction and the court is supposed to rule on it Friday. We will see if that reopens the marina or not. Bahamas courts typically rule in favor of the interests of the Bahamian people first and if the marina does not reopen it may end up eliminating jobs so they will take that into consideration. As mentioned in the announcement, LRA does not employ anyone to run the marina so they say it will not impact any jobs. However IVRC does and we have a full marina staff, now if 75% of the marina closes for no good reason, and no buyer to transition, no timeline to reopen that is a hard sell to the courts. IF LRA wins, then out of spite I suspect they will target the restaurant and teasers tiki bar next.
Ah. Ok. Yeah -- I wouldn't post it.

From what you've written -- if the property closes, then you have 90 days to pack up and get out and deliver it to the new buyer. If a closing hasn't occurred than the people putting up signs, etc. are on drugs... which will work well for you - for now.

The bigger problem is that one day, some day, it will sell -- and then the poop goes bad anyway. My guess is that the following is happening:

Make trouble.
Force your hand to just leave/abandon what is there.
Owner gets a nice marina with a client base, etc. for free... even if they never build or sell or do anything. In fact, the buyer may be a lie just to get you to leave... you really don't/can't know.

Until the owner or the new owner shows you legal documents, they have nothing.
Here's another MAJOR hook. What stops the current owner for just selling to another entity so that it appears that it was sold? You're in a bad spot right there.

IMHO, I'd start to funnel money toward building something else (if possible) to preserve the value for the condo owners that are there now. It sucks - because you're in a catch-22... if you stop the upkeep on the old place, you generate less money to funnel to build the new place. But if you maintain the old place, you have less money to funnel AND the pricks get a nice marina for free.

That 90 Day deal is going to bite the condo owners in the ass sooner or later. Might as well rip the band aid off now and look toward the future.

The issue, IMHO, is that condo-type people are VERY myopic (this is only in my experience)... so they see the lease as something where "it's ok for now" -- until "now" is over.

All this crap reminds me of New Jersey. Corrupt scammery for the insiders. Scum.
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Old 01-24-2019, 07:21 AM
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Sounds like what has happened in SWF with the closing of golf courses and then development of the land.

I live next to a community on a golf course that is located in a prime Real estate area, it was built in the 70ís. Has a wonderful common areas, clubhouse pools,tennis courts, playgrounds etc.

The golf course was never owned by the HOA...5 years ago the owner flattened the golf course and built a new subdivision in their backyards ( literally )

All of the common areas were redone and access is only for members of the new subdivision.

Having a conversation with friends who still lives there ( in the old subdivision) they contributed a lot of money to the HOA to maintain the pools and common areas. They state we spent $10,000 re-doing the pool.... I would say, but you donít own the land.... we spent $15,000 fixing up the park.... I would say, but you donít own the land.....on and on and on they never really got it, they donít understand they did not own the common areas and therefore it was mostly a waste of money to invest in them.

Now instead of a Beautiful golf course view and wonderful amenities, they have the back of a huge new house view 10Ē from their property line, and no amenities.

I hate to say it I think your screwed, you do not own the land and have a 90 day get out in the contract on the common areas

And as for the employment of the locals helping your case, if the owner sales and developed a much bigger complex and states it will employ 5 times as many locals as you do...and give the judge a free condo....your screwed as well.

Last edited by finbox; 01-24-2019 at 07:31 AM.
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