St. Maarten Private Eye

Thank you very much for your synopsisof the story behind Cay Bay development. A question for you, there appear to be two developers plans, Indigo and Cay Bay Development, are they one and the same?

I have to agree with you, having been following the housing market in the US and although I'm not an expert, the evidence seems to be there that it is not so healthy.

Housing: A Picture is Worth 1000 Words

Added to that, and mentioned on here a few times, what happens when another 2000+ condo/rooms are added to the market. There are no studies of the current occupancy from real estate agents and rental companies and when you ask they won't tell you, "I'm not telling you about my business" was one answer.

So, the developers and RE agents tell potential buyers that they can make several thousand per week from rental income. I would say this is a more likely going to be some weeks, maybe, in season.

Development on the island is permitted to run wild by Roy Marlin, there are no studies, no statistics and no thought at all for the future needs of the people of the island in regards to affordable home ownership. The jobs being created for LOCAL people are minimal and low paid.

It will be interesting to observe how many local managers get employed at the two new Grande Marche locations on Union Road by the old Napa and by the old Hot Tomatos. THey have ahd a few year to train some locals to be managers, but I suspect they haven't.

I wonder if GM donate to the DP? I know Danny from Prime, one of the shareholders, does.