Originally posted by Diver
This just in from NEWSmadeup.com;
It is rumoured that wealthy Mexican business man Carlos Slim is negotiating a buyout of the failing Loreto Bay project. Project failure is thought to
be eminent as the sellers have identified that the local aquifer will soon fail to provide sufficient water for its buyers and grounds.
In the proposed agreement, Slim would obtain all assets of the corporation and the seller would retain all liabilities. A bankruptcy declaration by
the sellers would then leave all new home buyer deposits in jeapardy. Homeowners and buyers have formed a group called "I never thought this would
happen to me "
It is also rumoured that Slim has plans to re-open the project as a high-end eco-resort with saltwater showers and toilets. Fresh water will only be
available in high-priced bottles.
A used landscape material sale will be held soon to make way for the dry sand "lawn" that will be a signature of the resort.
Prices will start in the $$$$$$$$$$$. Possible names for the new project include, Slim's on the Water, Slim's on the Bay, Slim on Water, .......
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