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Mariz
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Carlos Slim Buys Loreto Bay
Could be great news for Loreto!
http://localsguidetoloreto.com/forum/showthread.php?tid=327
[Edited on 8-8-2013 by Mariz]
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willardguy
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comes up blank?
[Edited on 8-8-2013 by willardguy]
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bajabeachbabe
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Article from Sudcaliforniano - translated
Here is the confirmation that Carlos Slim is buying Loreto Bay:
Loreto, Baja California Sur. - The Loreto Bay project could pass into the hands of Carso group in the coming weeks in a financial transaction close to
fifty million dollars.
According to information collected by this reporter and unofficial sources who currently work in Loreto Bay, Homex Group would be delivering the golf
course, hotel and villa areas, all located in the area of Nopoló to face heavy debts keeping with the group INBURSA.
It should be mentioned that during the last two months a significant number of workers Loreto Baja hotel and golf course, have been summoning strike
Homex group for late payment and some features of fortnights, a situation which has been maintained under control due to some extensions requested by
the employer.
Likewise Carso group, in which the main figure is the wealthy Mexican businessman Carlos Slim, considered the world's richest man and who constantly
enjoy the beaches Loreto, has announced on several occasions its intention to invest heavily on the coast of the Sea of Cortez.
For the time within the business sector of Loreto this possibility has raised enormous expectations for the Loreto Bay development relevance and great
business opportunities that could be reopened if this operation is specified.
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chuckie
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I love Carlos Slim....without people like him investing money??????
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Mariz
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Fixt the link...sorry.
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CortezBlue
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Hmmm, so rumor has it he has bought up most of the land from Puertocito's down to Bahia Gonzaga. Pretty soon he will own all of Baja
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ligui
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Still have my 7 acres south of loreto for sale . Carlos where are yah !
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shari
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Mood: there is no reality except the one contained within us "Herman Hesse"
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Rumors abound all over baja about Sr.Slim buying up land...I also heard that he bought huge amounts of coastline in our barrio too...it's one of the
most popular real estate rumors.
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ncampion
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Ah......... where whould these forums be without a few good rumors floating around!!!
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vandenberg
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The property in question is almost 4/10th of a sq mile, enough for a mega resort, including golf course. And his (Slim's) Volaris will bring the
customers. He also has shown interest in the San Francisquito hotel on the Malecon, including the property behind it ( a city block) also large enough for a
highrise hotel.
A new Cabo in the making.
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tiotomasbcs
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This is good news? Mega Resorts making good business for whom? Makes my heart sink looking into the future. Tio
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wessongroup
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ncampion ....... outstanding Avatar ...
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Bobvaso
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unhuh...and this won't affect the ecosystem by one little tadpole. bring on the glitz, the glamour, and the tv reality shows...yeehaah.
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Mariz
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The economy in Loreto has been tough for some time. Locals and local businesses have been hit very hard. Loreto needs some kind of engine to drive the
economy.
When your living on a pension, a quite little town might be perfect. Anyone needing to eek out a living in a small town need some sort of economic
growth.
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Martyman
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I've also heard he's bought up Sea of Cortez chunks at Bahia de LA and San Nicolas (north of Loreto)
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willardguy
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well I dont like the sound of this! doesnt senor slim understand that baja coastline is earmarked for rich americans to buy, gate and fence off for
themselves?
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Loretana
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Let's not start knocking the Carlos Slim news just yet.
Slim's yacht "Ostar" has been in and out of Loreto for the past six years at least, and I had a nice conversation with a senior member of his crew one
day.
It seems his daughter and grandchildren are fond of the area, and he has bought large swaths of land along the Sea of Cortez, as reported.
So what could be the problem with his companies bailing out Homex?
More development in Nopolo? More jobs for Loretanos?
I really doubt that the richest guy in Mexico wants to turn the Loreto area into an overpriced, overdeveloped tourist trap like Los Cabos.
I look forward to and welcome the flow that may come out of those incredibly deep pockets of his. Loreto needs help, and this is the best news I've
heard in a long time. IMHO. 
"If you want to find the secrets of the universe, think in terms of energy, frequency and vibration."
-Nikola Tesla
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Bajahowodd
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Carlos Slim Helu, the richest man in the world. Born of Lebanese immigrants to Mexico, once drove a cab in Mexico City.
He has been demonized for buying control of Mexico's telephone system and keeping rates inordinately high, while failing to modernize the technology
at a pace anywhere near found in other nations.
Probably true that if he really does buy out the Loreto Bay owners, he could achieve a symbiosis with Volaris flights to Loreto. But then, he'd be
helping the Villa Group in doing so.
I guess time will tell.
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chuckie
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Why is it that people want to demonize successful businessmen? jealousy? I think so......I wonder how many employees some of the critics have?
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David K
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| Quote: | Originally posted by chuckie
Why is it that people want to demonize successful businessmen? jealousy? I think so......I wonder how many employees some of the critics have?
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Yeah really... those against big business seem to always be for big government...?
A business gets its money from people who freely buy a product or service. A government gets its money by force... and the source is the wallets of
your neighbors and not from the free market purchasing by choice.
Small business growth is the key to employment, wealth and prosperity for the most people...
In a perfect world we would have more small business and less big (or any) government (which produces nothing but takes so much).
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