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colvin0927

Caicos Beach update

Even though it is good to see some progress on the project, does anyone have a realistic update on when we will actually be able to close on this project and move forward?
webberlimerick

Development update

Hi

Thank god i found this forum, i have been emailing and calling from the site info with no joy. Makes me think i smell a rat. Does anyone have any info on whats going on now with this development....
mbejunk

sending a lawyer in to inspect

A group of us(Caicos Beach investors)  have a lawyer friend who lives in Grand Caicos and will go visit the site and get to the truth, I have been living in Panama(Central America)  for 4 years now and know that contruction can take a long time outside North America and Europe and I can only imagine how difficult and long it would be on some remote caribean island, having an extremelly strong builder who can drive a usually lazy and incompetent construction  team is not easy to find and this is probably one of the main causes of the delays we have seen on this project,  but none the less the lack of  communication of this develloper is shamefull. I am hoping we will know more in a month or so.
webberlimerick

Does anyone have an update or contact details from this shameful developer. I have been looking into details and we can take this developer to court if we all club together.
admin

thanks for the update 'mbejunk', hope the results are positive!

All the best
redleader

does anyone have an update ?

I have stumbled into this forum (thanks guys) and I am also trying to get info from the developer.

Is there any progress on the site visit mentioned here ?  If not I am considering making a trip to visit later this year.

Kind regards

Kevin
admin

Hi Redleader, welcome aboard. Any news however trivial it may seem is appreciated

mbejunk, did you go over in the end?

Cheers
redleader

Update from April 11

I have today received this, a long list of current works ongoing - plus an explanation of how this resort was the first to be cleared by the current governmental investigation into corruption and how the developer intends the resort opening to coincide with the upgrade of the South Island airport.

April 4, 2011
Dear Resort Residence Owner,
This shall serve as a follow-up to your September 29, 2010 update.
Since the bridge was completed (repairing the extensive damage done to the
only access road to the site), the following construction has been done at the
site:

As you are aware, The Crown suspended the Turks and Caicos Island
Constitution in late 2009 as a result of alleged extensive corruption in
Government.  Since that time The Crown has been conducting investigations
toward the end of possibly prosecuting one or more previous Government
Ministers, vetting all Developers, attempting to recover land and/or monies
handled improperly by the displaced administration, attempting to "right the
financial ship" of local Government and sorting out each Government
Office/Agency, each of which is a monumental task in its own right.  
   
Caicos Beach Club Resort and Marina were the first Developers and Project to
clear the vetting process successfully.  Attorneys for the Developer have met
with The Governor several times over the past couple months, including a Four
(4) Hour Meeting on-site. The results of these meetings have created a good
working relationship with The Crown and have fostered a better
understanding of Caicos Beach Club Resort and Marina by The Crown. The
Crown is now working with us to facilitate the resort opening.

The Crown stated in press releases that they intend to have the results of their
criminal investigation (into former government Ministers) completed in the
first half of 2011.  The Crown retained a company to conduct civil recovery
efforts which are on-going. Civil Recovery Efforts have resulted in the
restitution of over $3 Million US Dollars already, with several other cases filed.
The Crown has also announced a $417 Million US Dollar financial package for
Turks and Caicos Islands which will carry the islands for the next Two (2) Years

while Government expenditures are cut, civil recovery monies collected and
the local economy grows.  Please note that Stamp Duties to Government from
the closings at Caicos Beach Club Resort and Marina with the first 490 Resort
Residences, bed tax, food and beverage tax, etc. exceed $25 Million+ US
Dollars during the first year of Resort operation.  This income to Government
continues every year. Government Offices/Agencies are starting to function
once again which has made doing business in The Turks and Caicos Islands a bit
easier.
Providenciales and South Caicos Airports:
Work is ongoing on the Providenciales Runway expansion and is ahead of
schedule.  The Developer is currently working closely with The Crown and the
Turks and Caicos Airports Authority regarding the South Caicos Airport which
Government has expressed its commitment to complete. Attorneys for the
Developer have met with The Crown and TCAA several times just for the
purposes of sorting out the re-development of the South Caicos Airport.
Design work for the runway and Airport Terminal is currently ongoing.
Attorneys for the Developer have been informed that an announcement on
South Caicos Airport Redevelopment is expected shortly. As soon as the
Developer receives a commencement and completion date of the South Caicos
Airport, you will be informed.  The runway at the South Caicos Airport has the
best sub-structure of any runway in the Turks and Caicos Islands, which will
significantly reduce the cost and time to complete the runway expansion.  This
Airport is critical to the Resort and is much anticipated.  
Keep in mind that each and every Resort Residence either has a view of the
sunrise and the third (3rd) largest natural coral reef in the world or the
magnificent sunset over the Caicos Bank. Prices and rental rates have
remained high in the Turks and Caicos Islands. Despite the worldwide
economy, tourism in 2011 has increased Twenty (20%) Percent over last year
and is at an all-time high for The Turks and Caicos Islands.  Construction is
continuing toward Resort Opening. You will be advised as soon as an opening
date is set. Resort Opening will be tied to Airport Re-development and
opening; in this manner, operating expenses for the Resort Residences should
be covered from the initial resort opening. W
admin

Thanks for this but was sent to you in April or today? Also the complete post hasnt carried across to the forum page?

Cheers
redleader

info update

this was sent to me today

It was copied  from a release from the developers, presumbly, and forwarded to me from the company through whom I originally invested.

Sorry if it is old info - I could not already see anything so current on the site.

I have yet to receive a personal reply to my email to the developers.

Rgds

Kevin
Joe

Caicos beach

I am sure I joined this forum some time back but it went quiet - good to see a few owners more online - my family and friends have 4 units between us and would welcome news of progress - I feel quite responsible as recommended this project to others having met the developer and visiting the site in about 2006. It didnt look much different for a few years. [/list][/quote]
william brett

completion date

been speaking to  rahl&rahl and getting a long winded explanation why it is slow progress on this project they are hoping for completion in 2012 but i think it will be more like 2013 also lack of up to date photos
Joe

How many of us

Be handy to know how many of us now own these units and where on the site they are. My friend and fellow investor has been trying to get these details directly as opposed to from forums - phone numbers etc. just to add reassurance that in the event of a problem or updates we can act together if need be and privately.
Any such details can be sent to him via the following:-bootroom@mac.com
viviennesybil

Progress

Hi William Brett - I used to speak regularly with Patricia Rahl as she knew I was a Solicitor when we signed our contract back in 2004 - however she seems elusive these days.  There never was an penalty provision in the contract so it was always high risk, but I think 7 years down the line, we are now in a ridiculous situation, but I dont suppose the world downturn helps and my worry is that many "owners" will not have the finance to complete the contract which could result in Bankruptcy for the whole site and thus no completion.
admin

Hi All

May be a strange thing to say but I actually dont mind it dragging on... as has been pointed out -  economic downturn, banks tightening lending, less people going on vacation....etc. If the site was complete now (without a runway suitable to bring in the necessary volume of trade) we would forced to complete, take out mortrgages with little possibility of income and the site itself would be a ghost town with no monies coming in for the owner. It would quite quickly turn into a white elephant.

As it currently stands our monies even though not in out control (I appreciate this is bone of contention and no interest is being accrued) has been put to one side...the developer has not gone bust (godsend!)and the real estate value of the plot will eventually go up if not already considering where it is

yes its far from ideal but it could be a lot worse.....! Hold tight everyone, im hopeful that one day it will prove to be a gdo investment...
Oliver

To a certain extent I don't mind it dragging on either to allow (in particular) the US economy to recover but at the same time I am concerned that we may just get nothing for our money.

The updates we get whilst nice are not detailed enough and the last one (late September) was a worry as it related to the airport now not being completed by the Crown as promised. This is a new delay over and above the hurricane, credit crisis and Crown investigation and without a completed and working airport the development will not work. I have asked the developers directly and got a reply from Brain at Rahl & Rahl but this did not really answer the airport question either so I have reverted again.

I think the more that ask the obvious questions the better.

I also think we should be using this site better. Whilst we have a number of members very few actually post or get involved. I think if we band together, ie send R&R a letter represenating all of us, we may get a some respect and a proper response.    

rael
viviennesybil

Hi Oliver, you mention a newsletter from September.  2011?  The last one we had was in April 2011 and the last "update" on the website was Jan 2011.  The Rahls could deflect much of the angry frustration if they just issued quarterly updates.
Oliver

I agree and I normally have to chase the below:

CBCRM-Information [moreinfo@caicosbeach.com]

or I get in contact with my UK agent to chase. You should now have one for end of September.

I am now in contact with R&R (Brain) because my agent cannot source my answeres either.
redleader

Could anyone with a copy of the latest update from developers (Sep 2011 ?) please post a copy on here ?

I have emailed the developer and Rahl with no response from either.

Many thanks.
Joe

I guess I have to agree with 'admin' that if the project had been completed in the last couple of years we would have had to find the balance or lend from them no doubt still at 8% see below eg. which sounded ok in 2004 /5  but now seems a tadge heavy.

(10 Year balloon note (202,300) at 8% interest only would be an annual interest payment of $16,184.)

But frequent news and updates would really make a difference and the buildings looked so out dated once but they may just be fashionable again by the time its finished.  One concern has always been the leasehold ticking away - it was 14 years old in 2004 I am sure - are we going to get a new 100 year lease or will it be from when they now complete - anyone know for sure.
johng

If someone has the latest report can they let me know.
Thanks
jklusman

I agree with Oliver.  Presently, the development of the airport is the big issue.  Has the Crown pulled funding on the airport or delayed its completion?  If Rahl's hands are tied for the moment, he may want to delay communications until he knows something more definite to hold down the uprising.  

Working with the Crown on the airport's eventual completion is the best case scenario.  Has anyone seen this development in the last couple years?  I wonder if it is a ghost town or are they working on it.  Or is anything there?

If it is going to ber completed then these delays only help us until the economy gets better but I believe the chances of completion are less than 50%.  That would change if I could get more facts to support its completion.

3 units us
ldp

I purchased my units back in 2006 and had planned to raise funding in the UK to cover the balance on completion (when ever/if ever it may be!?!)

Since the global economic downturn I am doubtful I will be able to do this and may have to take the developers financing option. Does anyone know how and when their finance repayments will be taken after completion? (Will it be required monthly, quarterly, annually in advance??)  

Many thanks
Oliver

I do not understand why one would want to source funding if the developer will provide  a mortage and rental scheme. I certainly would not throw any more money in and instead use the leverage.

I do think that this development will be finished but it may be another 12-18 months before we can take any benefit and visit which, to be honest suits me too.
CHUCK

I have just received an update from the sales person I bought through.I dont have it where I am located but if anyone is interested I can try and forward it.Im not very computer savey so I may be able to get someone to help and I will post on this forum. The short of it was the developer was going to finish the airport them selves but now the English government is back on board to complete it.
All in all it was a positive letter.I have just found this forum and it is great to here from others.Lets try and build on this.

Chuck
admin

welcome aboard Chuck and thanks for the post.

Sounds promising....who wrote the letter? Re posting just cut and paste the text is absolutely fine and the quickest way.
CHUCK

Hi Steve
 The email I received was from Dawn Van Malleghem.She was our contact when we purchased.I got to know her and her husband by email after the purchase.They also own two units.I think one might have been part of a commission.

The email she sent me was an email from Brian Rahl to her that she sent to me.I will ask her for permission to post on this site.I cant understand why everyone hasnt received this email or maybe they have..I will contact Brian about keeping us better informed

I want to have a positive forum established and or continued as bashing is only unproductive.Iam so glad this developer is still in business as some have shut down in Turks because of government corruption connections and or running out of funds.Our developer must have deep pockets.
 Again Iam so pleased to have a forum to communicate positive info.Hope to meet you all soon.Special thanks to you Steve
 
Chuck
CHUCK

I understand how you feel.When we went there in 08 the airport building was well on its way.If it wasnt for the two hurricanes and another one this year and the corrupt govt we would be there.Somethings cant be predicted.

Ironically a friend from school (Winnipeg Canada) now owns a dive club in Provo and was in the process of setting one up in South Caicos before the hurricanes.I dont know if that is still the case but maybe I can hook you up for diving when we get there.

There is also another large development in S.C. I WILL TELL YOU ABOUT LATER IF YOUR INTERESTED.They probably also use the road that our developer spent a half million $s building a bridge on so they could get materials to the location after the hurricanes.

Im now going to type the letter sent by Brian Rahl as I feel it is important to get you this info.I had copiied it and then deleted it and I now cant find it.As I told you Iam computer challenged and typing challenged and hope you forgive my spelling but appreciate my effort.Here we go.

As you are aware, the Law Firm of Rahl and Rahl P.A.represents Caicos Island Corp.

As you are also aware, The Crown took over direct control of the Turks and Caicos Islands approx 2 years ago and virtually stopped the Country from moving forward until all buisinesses, developments etc. were vetted to determine if ayone was involved with alleged local govt corruption.This developer was successfully vetted, after which they applied and negotiated with the Crown to repair the public road to the developement site. Although this is a public road,,the Developer had to bear the expense of erecting a bridge to repair the structural damage to the road in addition to several other items. Obviously all of this took cinsiderable time and money.

Last week the Former Deputy Premier WAS ARRESTED AND CHARGED WITH ONE COUNT OF of corruption and supposedly more charges are to be filed and additional arrests.

Eerlier this year, the then Governor and CFO both appointed by the crownvisited the site and was very impressed with the construction quality and consreuction progress.At that time thye Governor and the CFO informed Patricia that although the Crown had an OBLIGATION! to complete the airport they would like the developer to construct the airport at the developers expense under a build, operate, turnover agreement.The Developer had raised the funds (very difficult in todays economic times) for the airport early this year however the Crown would not sign of on the loan. The Developer never antisipated this and has since been aggressively pursuing a loan or capital to complete the airport. Despite the difficulty of raising funds in todays economy, the Developer has had several negotiations with airport inspections by interested parties. Negotiations and contracts are still ongoing.

Last month a new Governor was appointed and Patricia has an appointment with him this month to familiarize him with the Developement.

Approx. a month ago Patrcia met with the Turks and Caicos Airport Authority on behalf of the Developer Company to discuss the Developers progress with the airport.At that time the Turks and Caicos Airport Authority informed Patricia that since the Providenciales Airport Improvement has been completed (ahead of schedule), that they are now going to redevelope the South Caicos Airport. Tis is significant since the Crown and the Local Government had contractual obligations to complete this airport. The Turks an C A.A. HAS ALREADY commenced the master plan for the airport which is to be completed and approved by Dec.31,2011.

In  Sept 2011, hurricane Irene hit the Island. however rather than very high winds,Irene was mostly severe rain and flooding.As Iam sure you are aware it takes several days to prepare the site for an approaching hurricane and then several days to undo the prep.The flooding caused some damage and some loss of materials however the damage was manageable.

Kitchen cabinets have started arriving on site; cabinet assembly and install will commence shortly.IT will take approx 2 to 3 months for delivery of all the kitchen and bathroom cabinets, after which they must be assembled and installed.

Interior finishing is proceeding in respect to painting,install of crown molding. ceiling finishing, etc.

Waste water treatment tanks are being put in place in the ground for the individual buildings.

I will keep you informed with further updates.

Regards,
Brian

Whew not bad for one finger eh.
All in all an incouraging message.Everything considered!

 CHUCK
CHUCK

Yes nothing moves quickly when your developing on an island and barging everything. Brian had told me at one time how difficlt it was for shipping. as an example they had ordered the flooring and it ended up in Mexico. No I think it was a old run down dive club,however I think they may have been involved with that resort.I thought that resort had reopened but I could be wrong.The Sail Rock developement shows lots having been sold  across the bay from us.Im not not sure if anything has been built on the peninsula as it shows lots for villas have been sold there as well.
I think there is a plan for a hotel there as well. I inquired for info recently and they got back to me.So it seems to be still alive.

So you are not an owner but hope to rent there one day is that right?

CHUCK
CHUCK

Thats what Im thinking.The more the better to make it all more viable.Turks is a great place.Canada was considerind annexing Turks at one time.I wish that would have happened.
johng

Thanks for the update Chuck!
CHUCK

You are welcome
CHUCK

Hi Charles,

Here is the email that was sent to me on 11/2/11.  I did send it out to my contacts but sometimes email addresses get outdated, changed or spam filters prevent them from going through.  Thank you for sending me the info on the forum.  I did not know it existed.   Feel free to pass the info along if you'd like.  The developer really should be sending this out to everyone on their owner list.  If anyone is not getting info from them, I would advise to contact the office directly at brian@rahlandrahl.com  or at (954) 426-6622 to verify that all of their contact information is current.  As I mentioned in my last email, I too have been discouraged with all of the delays, but am encouraged to hear that progress is still being made.  I think in the long run, when this is all finally said and done, the delays may have been a blessing in disguise, because of the economy, ect.  Hopefully by the time they are ready to open, the economy will be back on the rise and the government will be more stable and more people will want to come.  I hope that you and yours have a Happy Holiday Season!

With Warm Regards,
Dawn Van Malleghem


::::::::::::::::::::::::::::::::::::::::::::::
Dawn Van Malleghem
Optimal Enterprises, LLC
Marketing Manager

c. 407.376.6152
t. 321.251.6393
f. 407.264.6361
info@dawnvanm.com
www.dawnvanm.com
Confidentiality Notice: The information in this e-mail message, including any attachments thereto, is intended to be confidential and is for the use of the individual or entity named above.  If the reader of this message is not the intended recipient, you are hereby notified that retention, dissemination, distribution, or copying of this message is strictly prohibited.  If you receive this message in error, please notify the sender and delete the material immediately.


-----Original Message-----
From: Brian [mailto:brian@rahlandrahl.com]
Sent: Tuesday, November 08, 2011 1:52 PM
To: Dawn Van Malleghem
Subject: Caicos Beach Club Resort, Casino, Spa and Marina

Hi Dawn,

I trust you and your family are well.

As you are aware, the Law Firm of Rahl and Rahl P.A. represents Caicos Beach Club Resort and Marina 1A, Ltd., a Turks and Caicos Island Corporation.

As you are also aware, The Crown took over direct control of the Turks and Caicos Islands approximately 2 years ago and virtually stopped the Country from moving forward until all businesses, developments etc. were vetted to determine if anyone was involved with alleged local government corruption.  This Developer was successfully vetted, after which  they applied and negotiated with the Crown to repair the public road to the
development site.   Although this is a public road, the Developer had to
bear the expense of erecting a bridge to repair the structural damage to the road in addition to several other items.  Obviously all of this took considerable time and money.

Last week the Former Deputy Premier was arrested and charged with one count of corruption and supposedly more charges are to be filed  and additional arrests.

Earlier this year,  the then Governor and CFO both appointed by the Crown visited the site and was very impressed with the construction quality and construction progress.  At that time the Governor and the CFO informed Patricia  that although the Crown had an obligation to complete the airport they would like the Developer to construct the airport at the Developer's expense under a build, operate, turnover
agreement.   The Developer had raised the funds (very difficult in
today's economic times)  for the Airport early this year however the
Crown would not sign off on the loan.   The Developer never anticipated
this and has since been aggressively pursuing a loan or capital to
complete the airport.    Despite the difficulty of raising funds in
today's economy, the Developer has had several negotiations with airport inspections by interested parties.  Negotiations and contacts are still ongoing.

Last month a new Governor was appointed and Patricia has an appointment with him this month to familiarize him with the Development.

Approximately a month ago Patricia met with the Turks and Caicos Airport Authority on behalf of the Development Company to discuss the Developer's progress with the Airport.  At that time the Turks and Caicos Airport Authority informed Patricia that since the Providenciales Airport Improvement has been completed (ahead of schedule), that they are now going to redevelop the South Caicos Airport.  This is significant since the Crown and the Local Government had a contractual
obligation to complete this airport.    The Turks and Caicos Airport
Authority has already commenced the master plan for the airport which is to be completed and approved by December 31, 2011.

In September 2011, Hurricane Irene hit the Island, however rather than very high winds, Irene was mostly severe rain and flooding.  As I am sure you are aware it takes several days to prepare the site for an approaching hurricane and then several days to undo the preparation.  
The flooding caused some damage and some loss of materials however the damage was manageable.

Kitchen cabinets have started arriving on site; cabinet assembly and installation will commence shortly.  It will take approximately 2 to 3 months for delivery of all the kitchen and bathroom cabinets, after which they must be assembled and installed.

Interior finishing is proceeding in respect to painting, installation of crown molding, ceiling finishing, etc.

Waste water treatment tanks are being put in place in the ground for the individual buildings.

I will keep you informed with further updates.

Regards,
Brian
greg2103

Thank god I found you guys.

I like many of you others have been left in the dark after sending over my deposit funds for the 1BJ-301 apartment in May 2008.  I dont mind how long things are taking if only they would keep the updates coming.  I have been getting a little worried as I have tried getting through to Rahl & Rahl PA and both phone conversations have ended with me just speaking with the secretary and being promised and email with updated details.  Can anyone tell me if this is likely to happed at all or is the only way forward now some kind of legal action against the developers.
CHUCK

Hi Greg

I posted a complete update that is just before your email.

CHUCK
greg2103

Hi Chuck,

Well it does seem things are moving on again thankfully,  I will keep my eyes on the forum for any new updates from now on.

Merry Christmas to all of the Beach Club Resort investers!
CHUCK

Yes Greg it does look good.Im not sure that many developers could survived three hurricanes and a corrupt government.(deep pockets)
BEST OF THE SEASON TO YOU AND ALL THE OWNERS Exclamation

     CHUCK
CHUCK

picture updates

There are picture updates on the website.

CHUCK
CHUCK

picture update

There are 20 new pictures on the website.Bathroom, livingroom, cabinets, crown molding, painting, etc.

CHUCK Very Happy
Boycey

site visit

Hi Everyone

I am due to take a cruise in Feb, and we visit Grand Turks, I am trying to arrange an Island hop to South Caicos to visit the site and see for myself the apartments and how things are progressing.

The only problem I have at the moment is that the internal airline has daily flights one each way to South Caicos, but the take off time is very close to when we sail in and dock.

So I am not sure at this time if i can make it.

Has any one else on here visited lately? and does any one know of any alternative ways to get from Grand Turk to South Caicos?

by Boat is another option and i am still looking into that, we would be there on the 11th Feb and back home on the 18th.

If I get there I will take as many photos as i can, if anyone has any requests i will see what i can do.

PS i an a normal investor, not a business or marketing type.
Cheers Steve
CHUCK

Hi Steve

I had gone to S.C. in 2008 to check it out.Alot has been done since then.The buildings were just shells at that time.After the hurricanes we went to Provo to see the damage and the effect of the storms for ourselves.Unfortunately we were unable to go to our resort at that time.
 That would be great Steve if you could get there to see for yourself.Did you check out the updated pictures on the website.You will be able to see if boats travel back and forth once you get there Good luck and have a great cruise.

CHUCK
chris

I am just wondering if anyone has any more news about the resort and the airport upgrading.
Look forward to hearing any news from Steve after his cruise in February. I can only hope that with more resorts being built they too will need an airport to bring in the tourists.
If anyone receives updates from their agents it would be appreciated if they could post them on the forum.

Thankyou,
CHUCK

Hi Chris

 I will update again if I here anything.Im sure we will here from Steve.I found another resort that you can check out if you havnt already.You can Google East Bay Resort that seems to be near completion only a few units sold.Also Sailrock resort seems to have quite a few lots sold on th south side of Bell Sound.I havnt found anywhere it says how many villas have been sold if any.The villas are planned for the same peninsula were on.

 Having these other developements only adds to the viability of our resort and the promotion of our resort.Also the importance for the government to complete the airport.Very exciting

 Will keep in touch. CHUCK
tsman

caicos update

Hi there i am very glad to stumble upon this site. I was curious is there any legal action we the owner can take based on contract terms, contract said units would be available in 30 minths, unless force majeur.  It has been 6-7 years.   Any ideas or thoughts?

thanks.
CHUCK

WELCOME

Welcome Tsman

 I share your disapointment,however I think the term force majeure answeres whether  legal action would be of value. If I remember correctly that term is throughout the contract,and for good reason as it has turned out for the developer.
 One meaning of force majeure is to excuse a party from liability, do to unforseen events beyond the control of the party preventing it from performing.
 I think 3 hurricanes and the change of government due to corruption covers the developer from legal action.Iam not a lawyer so I really dont know and  understand if some would want to take action but I also think it would be futileč
 Rahl and Rahl is a law firm and I suspect in someway i possibly a partner
CHUCK

Sorry I sent my incomplete thought by mistake.
 As I was saying about Rahl and Rahl Im sure they cover themselves in the contract.However in my dealings with them I do not sense incompitance or lack of there own disapointment.
 These are just my thoughts however I would rather put my energies to the positive.They are 80% finished and are in the last inning and we shoul be there soon.(keep our fingers crossed) Mind you there is still the unforseen in an island developement,however our resort will be unique and pretty awsome.Thats why I invested in the first place.Im also very incouraged by the other developement there.Please excuse my spelling.

CHUCK
tsman

thanks

Chuck,

Thank you for the info, i was just asking if anybody has attempted legal action.  I have contacted a few lawyers with free consulatations and some said they would have to review the contract but also hinted corrupt government wouldnt classify as force majeur but the hurricanses would, so with that said what is reasonable amount of time as stated in contract, is 1 hurricane 1 year, etc.  Yes it will be exiciting if things ever finish, but dont want to see another 5 years go by building airport.

THanks for the response.
CHUCK

Your welcome.
 I went there in 2008 and the airport was well on its way then.The hurricanes stopped everything.One of the big obstructions to continuing after the storms was to build a bridge on the road that was washed out.The developer did that on there own nickle or ours.
 Strangly enough I just received an email from a fellow investor who got my email from the site.He is trying to establish legal action or see if it would be viable.
 If you want to give me your email address I can forward the info to you or you can contact him direct.His name is Doug Smallbone and he is from North East of England.Mobile 07903759377.
Let me know.
CHUCK
CHUCK

Yes that does make it more difficult to sue.If you want let me know why you want to do that.I can understand your frustration but they are now so close to being finished and I think with the other resorts and ours, South Caicos could become an awsome holiday destination.If you want send me your email I can keep you updated on the positive progress of the resort.I would possibly want to eventually start a owners association and keep people updated and for example have asource for people who want to sell there condo.So let me know.
CHUCK
johng

Did everyone get the builder update sent today?
CHUCK

Hi John
No I havn't received it yet.If you could post it here that would be great.Brian Rahl had told me an update was on its way so this is great to here.John I will keep intouch with you if I manage to form an owners association.Ive recorded your email.I also see in a previous post were country men and that your from Toronto.I'am hoping to go to Turks next month and maybe do a Youtube video but I'm not sure if I can swing it yet.Lets keep intouch and I will let you know.
 THANKS CHUCK
johng

February, 2012

Dear Resort Residence Owner,

This shall serve as a follow up to your last update.
As noted in the previous update, the Turks and Caicos Islands have been very fortunate in that the World Wide real estate decline has only slightly affected pricing in this beautiful tax free water locale. As you are probably aware, real estate and condominium prices in The Turks and Caicos Islands had appreciated between Ten (10%) Percent and Twenty (20%) Percent per year for many years. Although appreciation has slowed the last couple of years, prices have declined only slightly, unlike North America and Europe. Today the average price of an Ocean Front/View
One Bedroom Resort Residence is approximately $550,000 US and current nightly rental rates are very high (some of the highest in the Caribbean). The 2011/2012annualized rental rate for an Ocean Front/View One Bedroom Unit in the Turks and Caicos Islands is $706 US per night. The high season nightly rate is much higher, with near capacity occupancy rates. In addition to rates, in 2009 tourism was up Twelve and a half (12.5%) Percent over 2008 and tourism in 2010 was up Twenty (20%)
Percent over 2009. The final tourism figures for 2011 have not been released as of this date however in 2011 there was a substantial increase over 2010.

According to the Turks & Caicos Weekly News, The Turks & Caicos Islands has been voted one of the best places to live in the world, coming in number four in a chart compiled by a leading British newspaper. The Telegraph released its annual list of the World’s Top Ten Places to Live in January and the TCI featured in one of the top spots for 2012. The country’s stunning vistas, beautiful warm turquoise waters,  year-round sunshine and laid back lifestyle saw it beat Tasmania, Hawaii and Buenos
Aires to secure its place. The article speaks of the islands’ high class amenities, the third largest natural reef in the World, diving and snorkeling locations and fine restaurants. In addition, International Living rated the Turks and Caicos Island Beaches Number 1 in the World in 2011.

As you are aware, The Crown suspended the Turks and Caicos Island
Constitution in late 2009 as a result of alleged extensive corruption in Government. Since that time The Crown has been conducting investigations toward the end of possibly prosecuting one or more previous Government Ministers, vetting all Developers, attempting to recover land and/or monies handled improperly by the displaced administration, attempting to "right the financial ship" of local Government
and sorting out each Government Office/Agency, each of which is a monumental task in its own right. Government Offices/Agencies are starting to function once again, which has made doing business in The Turks and Caicos Islands a bit easier.

The Crown had stated in press releases that they intended to have the results of their criminal investigation (into former government Ministers) completed in the first half of 2011. The Crown did not complete their investigation until the latter part of 2011 and to date, approximately Five (5) Former Ministers, several Attorneys, several Developers and quite a few local residents have been arrested and formally charged. Prosecution of these individuals will commence shortly.

As noted in the previous update, the Crown has retained a company to conduct civil recovery efforts, which are on-going. Civil Recovery Efforts have resulted in the restitution of approximately $10 Million Dollars US and Millions of Dollars in real property. Numerous other cases are ongoing.

Attorney Patricia Rahl had a meeting with the newly appointed Governor Ric Todd on site in January, 2012. The Governor was very impressed with both the quality of construction (pre-stress, pre-cast concrete) and the amount of work presently done. During the meeting the Governor informed Miss Rahl that the 2012 Turks and Caicos Islands Government budget includes funding for the South Caicos Airport. In addition, The Governor informed the Turks and Caicos Islanders on February 6th and 7th that the redevelopment of the South Caicos International Airport
is one of the interim administration’s key infrastructure projects. The Turks and Caicos Airports Authority (TCAA) is finishing the Master Plan for the Airport. This is the same Turks and Caicos Airports Authority that delivered the Providenciales runway extension ahead of schedule. The Developer is prepared to assist the Turks and Caicos Airport Authority through the use of heavy equipment, the pre-stress, precast concrete manufacturing plant, etc. to move the airport re-development forward
quickly.

Since the road was re-opened to weight bearing traffic in 2010, the following construction has occurred on site.

• Completed Installation
All interior pre-stress concrete walls in Phase 1
Air handlers installed in Phase 1
Air conditioning duct work completed in Phase 1
All rough-in electrical and plumbing finished in Phase 1

• On-going Installation
Front Windows
Sliding Glass Doors
Interior wall board
Floor Tile
Wall Tile in Bathrooms
Tubs and Plumbing
Tub surrounds
Toilets
Interior Painting
Exterior Painting
Exterior Wood Trim
Interior Wood Trim
Crown Molding
Energy Saving Devices
Kitchen Cabinets
Bathroom Cabinets
Entry Doors
Interior Doors
Waste Water Treatment Tanks for individual Buildings, Clubhouse and
Maintenance/Housekeeping Building
Roof Water Proof Coating and Painting

• Materials on-site
Tubs
Toilets
Floor Tile
Bathroom Wall Tile
Plumbing
Interior Paint
Exterior Paint
Interior Doors
Exterior Doors
All materials for Waste Water Treatment Plants
Wind Turbines
Reverse Osmosis Plant
Waste Water Treatment Plant
Key-Card External Door Locks

• Materials ordered, arriving and/or being installed
Kitchen Cabinets and Countertops
Bathroom Vanities
Kitchen Sinks
Bathroom Sinks

The Kitchen and Bathroom Cabinets are being installed which you can see on the website at www.caicosbeach.com.

Please note that the Stamp Duties to Government at the closing of the first 490 Resort Residences coupled with the taxes/fees derived from the first year of operation, including, but not limited to bed tax and food and beverage tax, etc. will exceed $25 Million+ Dollars US at the end of year 1. This income to Government will continue every year thereafter. You can now readily see that the Government wants to re-develop the nternational Airport and the Resort to open.

Please know that we understand that a few Owners have indicated frustration by the unforeseen circumstances that the Development has encountered and the resulting delays caused by these unfortunate events. The Development Company is keenly aware of your concerns and the Resort is moving forward. It is noteworthy that numerous resorts have gone out of business due to Government Corruption and accompanying business delays, among them Dellis Cay, Ambergris Cay, the Hotel on
Salt Cay, the Ritz Carlton on West Caicos, Royal Reef on North Caicos and 3 resorts on Providenciales, to name a few; this Developer however, has continued to move forward despite the these adversities. Your Resort Residence Purchase has gone up substantially in value and rental rates at today’s pricing should provide you with a substantial return should you decide to lease out your Unit. The Developer is firmly committed to the Resort and continues to move toward Resort opening.


Caicos Beach Club Resort and Marina 1A, Ltd.
Caicos Beach Club Resort and Marina 1B, Ltd
CHUCK

Thanks John
CHUCK

Hi Mr Diver
If you go to page three of the pictures there is a photo of the actual building and then on page 4 there are artist renderings of the finished building.I was in the building when I went there in 2008.It is much further on now.Employees come to these resorts to work from all over the world as well as the locals These resort jobs are pretty sweet to alot of young people.They will offer jobs to the belongers first(that is what they call the local people) then people from outside the country second.Even the engineers etc came from all over the world especially India.The construction workers were also from outside, mostly from the Dominican and Haiti.I was told the locals were not keen on doing meanial labour. The developer would have hired all locals if they wanted the work.Also there are many hotels and resorts all over Turks and Caicos mainly in Provo to draw trained serving people from.Our developers also have there resort in Florida where Im sure they could twist a few arms to come to T&C TO WORK. I assume this is where they may get some of there management from to open the resort.

 CHUCK
 Chuck
CHUCK

Sorry I misunderstood.My wife Marilyn remembers the project manager talking about where the employee accomidations were going to be built. It was either around or in the storage building.If you go to Google earth you will see the large storage building and two smaller buildings on either side. They might be the employee buildings.We have now confirmed we are going there next month so that is something we can confirm.If you have anything else we can check out let me know.
 CHUCK
Hamptons

Thanks!

I am very happy to have found this forum. Chuck, I appreciate your positive outlook.  I live out in the Hamptons in New York. My wife and I purchased almost six years ago.  As you know, it's been a long process. I am encouraged by recent news. I look forward to any new news.  Sounds like exciting stuff. Keep posting!
CHUCK

Caicos Beach Visit

Hi all and welcome Hamtons

 We are going to Turks March 15th to21st. Brian Rahl is booking a room for us at a resort where they get a discount.He is also booking our flight to South Caicos and a representative from our resort will pick us up at the airport. If anyone has any requests please let me know.I will be taking pictures and maybe a video.If I can figure it out I will post on this site or on youtube.If anyone wants I can take a picture of your suite if you give me the building letter and suite #.I will update on what I see when I return.
 Chuck
admin

Hi Chuck

Just replied to your PM.

I think all of us just need to be satisified its still moving in the right direction albeit slowly due to the Crown, hurricane and airport issue which does all stack up but lack of updates has got as all concerned over the last couple of years.

Face to face contact with the Rahls is very encouraging and I thank you for going to all this trouble Chuck.

All the best
Steve
johng

Thanks Chuck, looking forward to your review.
viviennesybil

visit

Hi Chuck

We put our deposit down 6 years ago and so are quite relieved to hear someone "local" i.e. from the states is to visit the site.  We are in the UK so not so easy for us to pop over !!  We look forward to seeing your report upon your return.  We are taking up unit 117 in block D.
Regards
Vivienne
CHUCK

Hi Vivienne
 I know its been a long wait, but I think were getting close.I will take pictures of your suite and email it to you if you give me your email.If not I will get back to you with an update and a description of the progress.Im actualy from Canada,but I know what you mean by the distance.Im happy to represent you.Its going to be a great resort.
 Chuck
Rory

what a relief!

Guys, thank you for setting up this forum, it is the only source of non-marketing material I could find about the resort.  Have you received the update email which has included some stats on the T&C islands?  If not it includes an article from the UK daily telegraph and also has estimates on property values.
To Chuck, it is a great relief that someone is making a trip there, I cant even get a clear picture on google earth.  I am in UAE so dificult to get out for an inspection.  If you wouldn't mind, we have Block C, 1st floor, apt 308.
DJ

Thank goodness this forum exists, I had given up ever seeing this come to fruition...I ow have a glimmer of hope.

That is fantastic news that Chuck will be visiting the site this month. Please could you check out Building I unit 213. Thanks.

If you don't mind please could you ask the following questions

1. If and when the resort opens - will it be a staggered opening or will the whole resort be fnished before opening?
2. Is the intention still to build a marina and golf course?
3. Has developer financing been revised according to lower interest rates?
4. Is the airport upgrade actually going to happen?
5. How are other development faring on South Caicos, have they too also halted due to airport situation?
6. Who bought the sold out Building H?

Thanks in advance.
CHUCK

Hi Rory
I will checkout your suite.Where did you get that update,and could you post it.If you dont mind  I would like to have your email.Maybe you could email me that update if you cant post it. My email is chucksdist@shaw.ca.
Thanks Rory I will get intouch when I get back.
 Chuck
CHUCK

Hi DJ

Those are great questions.I will get answeres to them all.Brian Rahl might be calling me today and I will ask him about your questions.Brian and Patty Rahl are calling me as they are helping me with my hotel reservation in Provo and the flight to our resort..
 DJ I think it no longer a glimmer its a bright light By the way we will be neighbours Im in #221 in building I.If I could get your email as well DJ that would be great.You can checkout East Bay Resort. I think this must have been started after the hurricanes,and looks close to being finished.I will look at it when Im there.
 Chuck
ldp

Re: concern over

Rory wrote:
Guys, thank you for setting up this forum, it is the only source of non-marketing material I could find about the resort.  Have you received the update email which has included some stats on the T&C islands?  If not it includes an article from the UK daily telegraph and also has estimates on property values.
To Chuck, it is a great relief that someone is making a trip there, I cant even get a clear picture on google earth.  I am in UAE so dificult to get out for an inspection.  If you wouldn't mind, we have Block C, 1st floor, apt 308.


I have just seen that Rory appears to have a contract for the same app as one of mine (C 308) I have messaged Rory to confirm and await a reply.
Rory

Apartment 308

Hi,  apologies for the confusion.  I was sent emails originally from the selling agent at GrandCap informing me that I had purchased C308.  I looked at the contract last night after work and it is actually C208, so no conflict.

Chuck, if you wouldn't mind having a look at C208 as well, that would be really appreciated.

Regards

Rory
CHUCK

Will do Rory
Hamptons

Good Luck Chuck

We wish you a restful and informative trip Chuck. Thank you again. We look forward to hearing from you.

Hamptons
CHUCK

Thankyou.I got your message and I will check it out.FYI we are staying at Northwest Point Resort in Providentiales.It is out of the way about 20 minutes from stores and the action.This is fine with us as we are relaxers.
 I will let everyone know how it is atheticaly but the price is great.Its on the ocean and $220.00 per day with a free car rental and complimentary cell phone.We are pool side not ocean front however you stillcant beat that deal.I will report on the quality incase someone may want to go to Provo before our resort is finished.I feel like a travel agent.
 Chuck
Oliver

Good luck Chuck.

Good to see some action on this forum and, more importantly, you visiting our building site (holiday investment).

I do have a couple of questions but I presume these are identical to others being posed. They are-

- Why can't the Crown be held to account for the airport if they have a legal obligation to build?

- Are Turks and Caicos Airport Authorities now replacing the Crown to complete the airport, ie is Govt money now being used?

- When will the airport be completed and active?  

- Has the development completion now slowed down to fit in with airport timeline?  

- When will the whole development to go live?

- What is the impact on our valuations

- Are there any new income/ expenses forecast available?

- Will the rental club scheme still be available?

Ultimately it seems everything depends on the completion of the airport which is the source of tourists and our income. Thereafter it would be interesting to know what travel agent/ booking agent they are working with in the US (main market) and worldwide and what response they have given on this 'potential' resort.  

All the very best.
CHUCK

Hi OLIVER
 Yes it's nice to communicate with others.I will answer  what I know now.Were meeting Patritia Rahl (lawyer) for lunch in Provo and I can ask her what I dont know.
They are legally obligated and its on there agenda.They had to finish repairing damage to Provo airport first.It is now complete ahead of schedual.
YES AND YES AND  remember our developer has offered there eqipment and cement plant
Also our developer had raised the funds to complete the project so Im assuming this is still a possible result.Bottom line it is very important for the Govt. to help get this project up and running to reap the benifits of substantial tax revenue.

Time is a hard one to answer however I beleve our developers will not close us until the airport is finished.They would not delay construction.I will have a better feel where there at when I get there.
 Its hard to say when it will open,but I do know they are going all out.Patricia said to me they have  container after container after container full of stuff for the project.
 Its known there has been a slight down turn in realestate in Turks but nothing like other countries.This is our fourth time going to Turks and it seems to be busier than ever.We had a hard time getting a room.So I think our value will stay strong and our resort will be special.
 As far as travel agents etc. remember our developer already has a resort i Florida that brings in tourists and will be bringing them to our resort as well.So they know the game well.
 The rental pool is a important part of making this project work.If there is going to be any changes in income and exenses we would know more when they are closer to open,but most could be adjusted by room rates.They have made adjustments to the proforma but nothing recently.
I hope this answers some of your questions,and as I said I will know more when I get there.Also I want you to know alot of this is only my opinion,but some what educated.Thanks for the questions and your participation
 Chuck
Oliver

I had a project go wrong on me in Florida recently and I am very hesitant in taking any update for granted. I can see that we are moving in the right direction but still no end date, no income, no holiday etc.

It would be good for you to talk to PR who has been the spokesperson for this development for some time.

Do you know who the owners are behind all this as they have survived the crisis well, seem to be cash liquid and still building but also willing to help out other related projects not their responsibility.
CHUCK

Sorry Oliver who or what is PR.All I know is our developers have shown they have deep pockets ( thank goodness)There doing all they can to complete this project.Sorry about Florida.We nearly bought in The Dominican and that project went under.I think all the projects are related and or created by adversity.Im sure they rather had not had to build that bridge,but without it they could not have continued with the project.That road only goes to our project so it was not a priority for the govt. They had to repair Provo and then the capital Grande Turk and also the homes for the residents in SouthCaicos.If our developer didnt take responsibility things would take alot longer to get done or not at all.Again just my opinion.
 Chuck
Oliver

PR = Patricia Rahl.

They do have deep pockets but who are our developers?  Why do they have such deep pockets when others have floundered.....

Just interested.
CHUCK

Patience Beach- Great resort when finished!

Daaa I racked my brain to figure out what you meant by PR.All I came up with was Public Relations, Anyway yes as I said Iam meeting for lunch with Patricia.Brian and Patricia have always been forthcoming to me with as much as they are able to disclose.They have learnt there lessons for example not to give time lines.
 You can imagine the logistical nightmare involved in shipping from all over to a remote island.Just one example Brian gave me when I asked about timing,they had ordered something from Argentina and it ended up in Mexico.Never mind the hurricanes and the govt. thing.
 I have wondered myself if the owners new what they were getting them selves into and would now like to blow there brains out.Again only my opinion but I think they are so dedicated to this project because its there"s after its finished.Most developers build and then pass it on to a management company and move on.This corporation will stay on and manage the resort.
 I dont think it matters who the people are but Caicos Beach Club Inc sure has  accomplished alot under tough times. Im sorry for babbling on here again but its a complex story that has amazed me there still  in business.Bottom line its good for us.I think were very lucky.
Oliver if you want to give me your email I can tell you more @ chucksdist@shaw.ca.
 One more thing.We have to be realistic when thinking of a time line.When the airport and resort are finished which I believe will be around the same time give or take a few months.The buildings are being finished in the order they were built,so they are in different stages of completion.For example my building I  wil be last because it was started last and that buildings owners will be closed last.It will probably take six months to close everybody.They should rename the resort Patience Beach Club.
If any one has any other requests or pictures they want taken let me know as were leaving tomorrow and back next Wed.I will also get my emails there.
 Chuck
greg2103

Re: visit

viviennesybil wrote:
Hi Chuck

We put our deposit down 6 years ago and so are quite relieved to hear someone "local" i.e. from the states is to visit the site.  We are in the UK so not so easy for us to pop over !!  We look forward to seeing your report upon your return.  We are taking up unit 117 in block D.
Regards
Vivienne


Hi Vivienne,

My name is Greg from Derby its nice to know someone close who is also an invester mine is in block J.  Like you I am so happy to find this site and look forward to Chuck coming back with a positive update from his visit.  If you need to have a chat ever about things my number is 07973 266782.
ldp

Hi Chuck

If you wouldn't mind checking units C-308 and A-114 when you're there it would be much appreciated.

Also has anyone who bought via Bobby Brown at Grand Capital heard anything from him - I haven't had a reply to my emails

Could anyone also provide a contact email for P Rahl

Many thanks
Pete

Hi Idp and all

This is my first post and I'm soooooooo glad to have found this site. When emails to the developer are ignored it's easy to start thinking the worst. This is 4 out of 5 foreign investments which hasn't gone as expected, and the only one which has completed isn't providing the income it should be generating because of high interest charges on the mortgage.

But Hey, after reading all the posts here we're optimistic that this will work out. It's going to be one huge celebration when we all meet up isn't it?! Might be 1 or 2 hangovers!

Idp - you asked if anyone had heard from Bobby Brown. We bought through him (we're in Bucks, UK) so I spoke to him about 5 months back and he was positive that the development would be finished (he's invested in a few units himself). He volunteered his mobile and home numbers which was encouraging, 07917 331753 and 01202 256344.

It's great that Chuck is in Turks now. I admire his enthusiasm and look forward to getting some concrete feedback from a reliable source. Hopefully we'll all benefit from some relief hearing answers to so many questions.

Thanks for all the input from everyone. 'It's good to talk'!

Pete
Pete

ps

We're buying Unit 304 block C (Phase1A)

All the best
Pete
CHUCK

Welcome Pete
Were in Provo today, but we visited the site yesterday.The project manager spent the day showing us around and answering my questions.Had lobster and fish etc.for lunch served by there chef Then we went out in an airboat to fish and see the surrounding area.All I can say is absolutely beautiful.Also it was nice to remind us how amazing this project is and why we bought there.Just wanted to touch base before we return and to let all know all looks very good.More detail when  were back.
 Chuck
ldp

Hi Pete,

many thanks for your post - the last i heard from Bobby was approx 18 months ago and although he thought the development would be completed he had (like everyone else) no idea of when it could be. I know that he was taking his commission in the form of units so like the rest of us has a vested interest in the completion.

I'm sorry to hear about your other investments not working out - I just hope that if and when this finally completes the returns are what we're expecting!

Regards

Lee
ldp

Hi Chuck,

sounds great Smile

It's reassuring to hear that one of us has actually seen it first hand and looking forward to more info on your return

Regards

Lee
Pete

Thanks guys.

Chuck, don't spend all your time doing homework. Remember to have a good time too!!

Pete
CHUCK

We are and just came back from having conch fritters and crack conch awsome!
tsman

Updates

Chuck,
Thanks for the good news on how resort looks today and hopefully you left enough conk's to eat for the rest of us.  Cool
chris

Chuck,

Great that you have managed to visit the resort and thanks for the feedback. Did you find out anything about the airport completion, this seems crucial to the resort opening.

I swing between optimism and despair with this investment as we have now been waiting 7 years for the opening! I know many people are extremely sceptical about the resort ever starting up, just hope they are wrong.

Chris
viviennesybil

chucks update

at least chuck has confirmed work is ongoing. i wonder how many people have died since they put their deposit down !
CHUCK

Im responding to you Chris.I have no use for smart unproductive remarks like that last one.Ive gone out of my way to confirm what is going on.There seems to be a very negative group from the UK.I also know who is heading the group.I find it hard to believe that owners can't be more positive based on my research, the website and the reality of what has happened in Turks.I guess for some it won't matter till they touch it them selves.I can understand that but one thing I have come to know for sure is there is a negative group who is trying to undermind the project for there own agenda.
 Im sorry if I cant give all peace of mind but just know that is my main goal.Remember however it is my investment as well and I'am totally convinced of the validity of the project.
I was going to talk about this later but even the local people are excited about our resort opening and what it will do for them and the economy of South Caicos and the whole country.Locals I talked to feel it will be the next Provo with our resort being the catalyst.I had one enthusiastic sales clerk say to me one day my place will be worth a million bucks.Who knows but I sure like that attitude better from people who some of them have lost everything.
 We can't change the past but I for one am looking forward to our resort opening very soon.Remember there is an airport there were not waiting for it to open.We are waiting for the expantion of the runway. All I can say right now is that it is going to happen.We have all read what the developer has said.I would not be wasting my time with all this .Believe me when I say my main goal is to give those who are unsure peace of mind.I was at one time unsure as everone else, but now I'am totally at peace.
Chuck
Pete

Chuck

I've been looking forward to reading your feedback since your return - others have referred to it, but I can't find it!! Am I missing something, can't find anything on this website?

Pete
CHUCK

Thanks for that Peter.I sent a lengthy update at around 3 to 4am this morning it seems to have  gone.Did anyone receive it.I may have to retype and send again OMG.
 Chuck
CHUCK

Posted: Fri Mar 23, 2012 10:13 am    Post subject: Owners

Whew here it is Peter.Thanks again

Hi Everyone
I just wanted to send a short message to first say were back safe, sound and happy.I start by saying I dont think there are very many places in the world like Turks and Caicos.Every time we have been there we feel comfortable, safe , and welcome.We all know the problems they have had which I won't review again,but they are still recovering from devastating circumstances.
However it seems to be very busy compared to when we were there after the hurricanes but also even the visit there before.It was hard to get a room or suite, planes were full or near full,touists were everywere and many with shopping bags.
Now to what were here for.Im going to try and keep this short for now as I need to verify some things and give correct info.I will tell what I know and saw over the next week or so.
The resort was as I expected and more.Robin the project manager was a pleasure to meet and deal with. I never felt like he was hiding anything or that he was told to not disclose info.He gave me a feel for time lines as best as they can.There are road blocks in Turks and in developing on an island like no where else.The poor guy doesn't have alot of hair but he may have had before our project started.He is a quality person.
I wish I could simply say to it will be done in 6 months, a year, or what ever.The fact is no one knows for sure.However what Robin assured me of is that when everything is in place they can construct and do things very quickly.That to me was something I was unsure about and found encouraging.
I'm going to leave it there for now.If anyone has questions in between my posts don't hesitate.I will try my best to answer or find out the answer.I know there is the elephant in the room,airport,airport,airport.Please be patient there are answers coming.By the way my pictures did not turn out great.The people who asked for pictures to be sent I still can do that,however the pictures on the website are better than mine and very up to date.I will be emailing those people separately to explain as each building is at a little  different stage.
Thanks Chuck
chris

This response is for Chuck. Firstly can I say that I had not read the latest report from you (like Peter) when I posted my concerns. Do excuse me if I am not too positive about my investment after 7 years of waiting. We had hoped that the resort would go towards our retirement income and I still hope that it will.

The fact that you have now visited the resort and have been reassured is very encouraging. It's a shame that there has not been a more open line of communication and information from the developer which would have alleviated buyers' concerns.

I am not sure who you are referring to in the UK and can't understand what agenda they may have except that of everyone else, to see a return on their money.

When my son worked on South Caicos in 2009 the opinion of the locals was that they thought it would be a very long time before the resort opened, if  at all. Noone would be more pleased than me if there was no need to be writing on this forum this time next year, but we have to be realists too and the fact that this has been going on since 2003 would cause anyone to ask questions.

Chris
Pete

Hey guys

Let's not forget we're all in the same boat. It seems a fine line between optimism and realism. Probably we all feel varying degrees of both in different measures. Like 2 sides of a coin, we can flip from one side to the other, but both sides are ever present.

For us, we've felt the depths of despair after 6 other foreign investments have gone belly up. It has seemed that our experience could be repeated with this one too, especially with the lack of communication from the Rhals and our agent in the UK. However, since finding you guys we've had a boost of confidence and a renewed hope that it will all come to fruition eventually. But I do think we need this space to say whatever we feel, whether positive or negative.


Thanks Chuck for your feedback, and we look forward to whatever else you can share.


Pete
chris

chuck

Chuck

I have tried to reply to your message, but it has bounced back 3 times unfortunately.

Chris
CHUCK

Well said Peter.I agree totally except the negative remarks I hope are constructive criticisms  that someone can dispell with a constructive answer.Im truely sorry about your other investments.With what I know and with what I have seen I believe our resort will open relatively soon and in time will be a great investment.
I'm putting my thoughts together to try and explain why I think the owners became silent for a while.It will be some speculation on my part but I think its an interesting part of the story.
 Another thing I'm wondering about is if for some reason we dont get there emails.I say that because I have still not received the last update.Brian asked me if there was a spam blocker on my computer and there was.It surprises me some of the comments from other owners makes me wonder if they have also not received all the updates.In the future I will post all info on this site.
 Chuck
Hamptons

Thanks again to Chuck for his efforts.  I know it has been a trying six years, but there is clearly a reason to have hope! Chuck, do you know if the two English soccer stars, John Terry and Rio Ferdinand are still involved in the project? Their involvement, at least on the surface, adds legitimacy. Hope to hear from you soon.

Hamptons
CHUCK

Soccer Guys

Hello Hampton's
I should be talking to Brian tomorrow and I will ask.Thats a good question as soccer schools in South Caicos were an important part of the plan.
 Chuck
CHUCK

CHUCK TRYING TO POST PICTURES

My Photos>1980-01-01 001
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BLDG B #211BLDG J PH#5MARILYN AND I AND BIBOWATER VEIW CLUB HOUSE IN THE MIDDLEROBIN ON STRANGE ROCKVEIW FROM PLANE FLYING INEAST BAY RESORTNEW AIRPORT TERMINALPRESENT AIRPORT TERMINALNEW BRIDGE ON ONLY ROAD TO RESORTVIEW FROM WATER BELL SOUNDONE OF A FEW CARPENTRY AREASOUR SUITE VIEWBLDG I #213BLDG I #213BLDG I #213A #114BUILDING A #114BLDG A #114 LOOKING DOWN ON J,C,AND,BBLDG D #217BLDG D #217BLGD D #217BLD D #217BLDG D #317BLDG D #317BLDG D #317BLDG D #317BLDG C #208BLDG C #208BLDG C #208BLDG C #308BLDG C #308BLDG C #308BLDG B #211BLDG B #211BLDG B #211BLDG J #104BLDG J PH#5BLDG J PH#5BLDG J PH #5EMPLOYEE DORM ROOMEMPLOYEE BATHROOM STALLSEMPLOYEE BATHROOMSFUTURE CASINO NOW USED TO ASSEMBLE CABINETSVEIW FROM CLUB HOUSE C AND D BEHIND USUS ON RESTAURANT BALCONY WITH BUILDINGS A AND I BEHINDREMINDER CHARLIE MUST LOSE WEIGHTVEIW FROM RESTAURANT PATIO LOOKING DOWN ON BUILDING J     Chuck VanBastelaere
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Dec 31, 1979
photos: 47 – 19 MB
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CHUCK

pictures from trip to resort

Sorry gang Im trying to post pictures does not look successful.However it shows the descriptions I put on each picture.I can send some of these to anyone that wants to give me your email.So far I cant send all 50 or so as the file is too large.Heeelp a unsavy photoshop guy.I will keep working on it.
Chuck

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