Well does it make any sense to make a public announcement at the El Dorado Ranch developer meeting that for example the electric infrastructure will be completed. The show was held at the Las Caras de Mexico Pavilion at the La Ventana del Mar Golf and Beach Resort. My current thoughts on the latest available information re: completion of the El Dorado Ranch development electric infrastructure - commentary [2/21/2017]: As this story develops, it really comes down to the main character Pat Butler, the developer of El Dorado Ranch. The Home Show, with over 65 exhibitors and a dozen speakers, is indicative of the area’s growth. Legal action options re: breach of contract and/or land fraud in cross border sales, Refunds on land lot purchases in MX - a rocky road, Source: http://activerain.com/blogsview/5054311/buyer-beware-buying-land-lots-in-baja-mexico [ActiveRain real estate discussion site]. Who has the best view on this? Body language and verbal style of Ranch representatives does not give me any confidence this is a slam dunk that electric is going in for sure. But is it any guarantee the electric will be completed for sure. Summers Company is offering to help with some specific problems that include: adjustments of debt, maximizing the use of existing funds on hand, implementing and improving management policies and procedures, preventing insolvency, completing construction on electrical and water infrastructure, and implementing a design finance bill program for condominiums and for home construction. It may not have been clearly stated but the intent was for no assessment in 2018. Any claim can be made and CA Bureau of Real Estate won't help buyers as far as I know once a cross border land lot purchase is made that is a ripoff. And as a result, we would like for the successive settlements to accompany successful plans. To our amazement it indeed was close to the beach and included the promised pool, tennis court, whirlpool and palapa bar catina area, as well as a row of El Dorado shops: El Dorado mugs! Nobody wants to keep getting played for a sucker over and over. These are questions and assumptions some owners at this development are making. Were the original sales proceeds of 9000 lots sold and all the project finance loans squandered and/or converted [transferred] thus making completion impossible when the economy went into a downturn? The story of an expat development in San Felipe, Baja Mexico is like watching a suspense movie where the plot doesn't progress. As more and more people claimed their lots and began development, it became San Felipe’s largest residential and retirement community. Can you please let me know where I can get a status update on the electric infrastructure. He’s building the Light House condominiums with 200 units, restaurant and pool. The lack of trust has grown over the years about any announcement by the developer and/or his associates/agents/supporters that money will come in to finish things. This letter was just sent out to EDR owners: Subject - Golf assessment. The developer Pat Butler out of Colorado and his sales people and his associates out of California have blamed the economic downturn 8 years ago for the lack of any progress completing electric infrastructure to over 1500 land lots purchased for very high prices by buyers mostly from the USA to build houses. Butler is offering 300 Golf and Sea condos at La Ventana del Mar, 240 of which are already completed. These issues have never really been resolved either. Does the developer plan to cash out and run away or sneak way? NOTE: The El Dorado Ranch developer and his sales agents & associates (& supporters) have made the claim over the years that the owners' HOA's at EDR are completely separate and have nothing to do with the business side of EDR or the Ranch [development & sales companies]. Summers' plan calls for the implementation of what we call a grand bargain -- to complete a financial review commission to review the Ranch's finances and budgets and ensure that the Ranch adheres to the plan and continues to implement needed financial and operational reforms. Many of the lots were already taken, and these lucky landholders had posted signs such as ''Earl and Jane Smith of Yakima, Wash., population 2.''. "Great website, nice to have the information saved from a previous visit." Baja’s largest developer, Pat Butler has more projects and ideas than a convention of engineers it seems, including the Marina area and the Embarcadero in San Felipe, and the Estrella del Mar Resort in Mazatlan. I had written about San Felipe in my book Baja Legends and was surprised when a young man approached my Home Show booth and said, "I like what you wrote about my family. My friends had taken the dusty drive into the Highlands after unsuccessfully trying to persuade the Mexican police to send out a search party for us. There’s also the Baja 500, Baja 250 (which begins and finishes in town), other off-road races and much more. After talking to a few EDR owners, I see that there is a lot of skepticism about this latest announcement by the developer about there being a joint venture deal where a new investor guarantees the funds to complete everything at this development. But it's critical the basic electric infrastructure gets done if this residential & resort project moves forward or is stuck in time back when the development stalled. Maybe it was just the hot desert sun, but after a couple of hours we were in the clutches of land fever. Meanwhile the needed project infrastructure such as underground electric utility service to over 1500 dirt lots and a seaside sewage treatment plant remain unfinished which has been the status for years. Some lots featured options such as RV hookups, electricity or septic systems. One El Dorado subdivision contains the western hemisphere’s largest solar and straw bale home community. The company's filing status is listed as Active and its File Number is 201314110021. There needs to be extreme due diligence and extensive homework before making a purchase. Weird. We are having some hiccups. This plan also includes development of an existing relationship with the Mexican government's tourism department so that we can expand the Ranch properties to San Felipe and increase your overall living experience here at the Ranch. This new money infusion would complete all the unfinished obligations that stigmatize this development project called El Dorado Ranch. We've also developed a marketing plan that will exploit the fact that EDR is a 25 year old branded name in California, Arizona and Mexico. Some further observations of mine at this point in time: Another owner I talked to said she asked the developer in an email and the response was no funding is in yet to do the electric. It seems most of it was a federally protected Mexican bighorn sheep preserve. Someone else had draped scrub brush with Christmas decorations. We ranged widely in age, occupations and interests. It’s a unique sort of place, with incredible tides, lots of sun, and lots of gringos – especially in the winter when the snowbirds come to roost. Some crew was out doing some kind of survey in some of the non-electric areas. Conclusion & questions - Again this is my question and will do a follow up article to this article when the answers are found: Why would the EDR developer Pat Butler go ALL IN to peddle a BS story just to buy 30 or at the most 60 days?
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