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Peyton Cromwell is losing money
Anonymous (not verified) | Wed, 2008-02-27 08:23

You are wrong my fellow writer. Peyton Cromwell is losing money with his poorly built condos at the Oyster Bay part of Dawn Beach.
The same condos he threw Joan Verwoord off the beach for. As for the downward spiral with the condo market, while you have some good points, slow US market, mass construction of condos in a certain price range. The reality is that the island is over developed. We are losing every day more and more long term visitors that do not enjoy the island anymore due to the over development of concrete, long traffic lines, crime, access to beaches being closed off and the natural nature/environment of the island being sacrificed.
As I write, the dump is burning again, very black smoke and a burning smell is polluting the entire island.
We are living in a hell hole!! And those of you that do not see this, are in serious trouble.
The government needs a serious overhaul, we need people/practical thinking politicians who will place a moratorium on large scale development for at least 15 years. Around every corner on SXM is a Chinese supermarket, each one looking nastier than the next. Philipsburg is full of Hindu Jewelers, Back street full of Muslims selling clothing.
The entire Dutch side is in a perpetual state of mess and construction around every corner. See National Geographic article on this and they are so correct.
But back to Cromwell....... talk has it that he is losing money with his ugly condos. Cromwell and others should have listened to the good people preaching environmental awareness. He and the others will continue to lose out as their downfall is not keeping up with what visitors look for on an island in the Caribbean. He and the other developers continue to destroy the environment. So much so that the foreign investors are also more aware of environmental issues and building the condos that Cromwell did so close to the sea will not fly anymore with serious buyers and hurricane insurers.

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