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Author: Subject: Loreto Bay Company Donates $1 Million to Benefit the Town of Loreto
JESSE
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[*] posted on 4-19-2005 at 04:08 PM


Quote:
Originally posted by Anonymous
Jesse can blame his own Fonatur for the overdevelopment. Cabo, Ixtapa, Cancun, ect..
At least LoretoBay has a "Plan". As for the H2O there is plenty from the 9 wells that were drilled to supply enough for over 200,000 per day. The finish of Loreto Bay will only add at the most another 20,000 in the next ten years. For the number lame that's only 10%. Do the math.
NO high rise hotels, no vendors, no time share sharks.


Look, you can sell that realestate and make tons of money of it, and you can also move down here and build your 300,000 dollar home, but forget about the easy going friendly attitude from the locals, i personally make it very clear to all of those home buyers, that i think they are a disease to this area.

Have a good one.
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Bruce R Leech
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[*] posted on 4-19-2005 at 04:23 PM


Quote:
Originally posted by Anonymous
Jesse can blame his own Fonatur for the overdevelopment. Cabo, Ixtapa, Cancun, ect..
At least LoretoBay has a "Plan". As for the H2O there is plenty from the 9 wells that were drilled to supply enough for over 200,000 per day. The finish of Loreto Bay will only add at the most another 20,000 in the next ten years. For the number lame that's only 10%. Do the math.
NO high rise hotels, no vendors, no time share sharks.


do you honestly think they have water for 200,000 people? are you dense or what? who told you that?:lol::lol::lol::lol:




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wilderone
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[*] posted on 4-19-2005 at 04:49 PM


"At least LoretoBay has a "Plan". As for the H2O there is plenty from the 9 wells that were drilled to supply enough for over 200,000 per day. The finish of Loreto Bay will only add at the most another 20,000 in the next ten years. For the number lame that's only 10%. Do the math.
NO high rise hotels, no vendors, no time share sharks."

A Plan. Yeah, that's what they have alright. Little else. Can you explain how drilling 9 wells and using up the water in them is "sustainable?" Can you explain how drilling 9 wells falls into their "Plan"? I thought the PLAN was a desalinization plant. But now the PLAN is to use up all the water, and when there is no more, then they will think about another PLAN.

No high rise hotels, but plenty of COASTAL SPRAWL and pavement and narrow streets and fences. No vendors, but plenty of COMMERCIALISM with shops, restaurants, a fee for a beach club, fee for management, fees, fees, fees. No time share hawks? Just wait until the speculators start re-selling their property, in competition with the units Loreto Bay needs to sell to finish the ones they promised.

Anon, you're the sucker they wish for.
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[*] posted on 4-19-2005 at 05:12 PM
9 wells for ?


and just why did they drill so many? Are they anticipating something we have yet to hear. Can you tell me if Loreto has urban growth boundaries and restrictions and if so, can they be accessed?



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Skeet/Loreto
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[*] posted on 4-19-2005 at 06:41 PM
Do your Home Work!


Those 9 Wells were drilled and planned many years before Loreto Bay Villages was ever heard about.
the Well were Drilled{water Rights from San Juan} were all bought up several years ago when the people of loreto were not going to get anymore water as the Golf Course was going to talke 200,000 per Day Alone!!!!!. the people closed the road to la Paz and as a result the wells were drilled.

THERE IS NOT ENOUGH WATER IN THE NINE WELLS TO SUPPORT VILLAGES.

It will be necessary to find additional Water, maybe the Well out of Ligui?
We will all know about this shortage when the next 7 year Drought comes around. Think about it.

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[*] posted on 4-19-2005 at 09:47 PM


I understand Loreto Bay has first option on any units for sale. That way they can control the price of the resales so they don't compete with the new units coming on line. If Loreto Bay doesn't sell the units within 6 months, the owner can put them on the market.

I also found out that they've raised the entry price on joining the beach club to $20k! I can't imagine people will cough up for that.
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[*] posted on 4-20-2005 at 08:35 AM
Loreto Bay is a Fraud


Bruce. I really cringed for you on that statement!!!!! Whewwwww. You have anything in writing that can substantiate that statement? Or is it just your opinion? I respect your opinion, and enjoy your comments over the months you've been posting. But would like for you to tell me and others something "we didn't know"!!! Thanks. No hearsay please, just the facts, sir!!!!! And I am curious if you have sat through one of their presentations yet, or gone into their office and reviewed the plan, and gone out to the project and looked at what is happening? Since your only about 90 miles north of them, I'd think you might have done it by now to make a statement like that. PHil S

[Edited on 4-20-2005 by Phil S]
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[*] posted on 4-20-2005 at 08:46 AM


Quote:
Originally posted by rogerj1
I understand Loreto Bay has first option on any units for sale.


If challenged, this would probably prove illegal.




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[*] posted on 4-20-2005 at 11:48 AM
If challenged prove illegal


Dave. I'm confused with this statement. What would be illegal with it? First option?? Wouldn't that be an agreement between the owners and the developers? What would be illegal with that, if it is mutually agreed. I thought that went on all the time between developers in the states. Capt. Mike. You have any experience with this "option" to repurchase thing in your contracting business? Dave. You have wet my curiosity!!!!!
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[*] posted on 4-20-2005 at 04:01 PM


there are developers in the Mulege aria that have first right of refusal clauses in there contracts. and they are legal.



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[*] posted on 4-20-2005 at 04:03 PM


dose any body Know anything about the Loreto Bay Foundation?



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[*] posted on 4-20-2005 at 04:25 PM


What do you want to know, Bruce. I have the 2004 year-end report.
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Bruce R Leech
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[*] posted on 4-20-2005 at 04:41 PM


Loreto Bay Company donated $1 million to the Loreto Bay Foundation Iwould just like to know how closely connected these two indites are if at all. and some sort of track record on how Loreto Bay Foundation disperse there funds.



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[*] posted on 4-20-2005 at 05:12 PM


Loreto Bay Villages donates one percent of the profits to the town of Loreto. Their board decides what to do with the money not Loreto Bay Villages. The potential for the City of Loreto over the next ten years will possibly amount to over $20 million. As Loreto Bay Villages collects monies from homeowners as the homes are built the money will acrue in the Loreto Bay Foundation. Does nothing but better the people of Loreto as will all the tourism. While I was there, there were thousands spent in the town with all the potential buyers.
NO one likes change but that's not how the world works. The negative posters will ALWAYS be negative. At least all the townspeople are very appreciative and excited that we met with all the Loreto Bay Villages will bring.
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[*] posted on 4-20-2005 at 05:20 PM


It''s not uncommon in Mexico for developers to take 10-20 years before there is a "profit" to share with the local community.

:biggrin:




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Bruce R Leech
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[*] posted on 4-20-2005 at 05:39 PM


Quote:
Originally posted by Anonymous
Loreto Bay Villages donates one percent of the profits to the town of Loreto. Their board decides what to do with the money not Loreto Bay Villages. The potential for the City of Loreto over the next ten years will possibly amount to over $20 million. As Loreto Bay Villages collects monies from homeowners as the homes are built the money will acrue in the Loreto Bay Foundation. Does nothing but better the people of Loreto as will all the tourism. While I was there, there were thousands spent in the town with all the potential buyers.
NO one likes change but that's not how the world works. The negative posters will ALWAYS be negative. At least all the townspeople are very appreciative and excited that we met with all the Loreto Bay Villages will bring.


who ever you are you seem to know a lot about this stuff. why don't you register with the Nomads so you don't post Anonymous? you will have a lot more credibility and maybe you can teach us all something. I tend to take Anonymous posts with a big grain of salt.




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[*] posted on 4-20-2005 at 06:08 PM


Bruce.....Sorry I thought I was logged in. I got knocked off the internet and it disconnected me. I was the above annony talking about the Loreto Bay funding. Everything I heard while down in Loreto answered all my questions about water, building, the Villages and much more.
I have to say there were folks from all over the country there and at least 80% purchased.
The contractors in charge have to hire local labor for all the building so it definitely will pump mucho dinero into the locals. Some people will always hate change and some love it. The world keeps going wether we like it or not. I believe it will turn into a really good endeavor despite what all the doomsdayers think. It's happening so jump on board or let the wagon pass.




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Bruce R Leech
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[*] posted on 4-20-2005 at 06:14 PM


pleased to meet you Cincodemayo.

are you the same that started this thread?




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[*] posted on 4-20-2005 at 06:20 PM


No Sir...most likely someone to show that Loreto Bay Villages did what they said they were going to do. All the business and restaurant owners are great friends with all the folks at the Villages. Every new sales event they spread the wealth around town and sell out the local restaurants as well as pump revenue into the local stores. Great town and hadn't been there since 1980....



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[*] posted on 4-20-2005 at 06:24 PM


And by the way Bruce pleasure to formally meet you. I've enjoyed all your posts and the regular Nomad posters too.
I traveled the whole penninsula back in 80 and what happened in Cabo was a disaster. I really feel this project will show something good can happen instead of mishmash building no matter what the negative posters say...Not to mention what the benefits that will happen monetarily wise for the people of Loreto and all the "Bigwigs" at the Villages really do care for the town.




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