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Indigo Bay
Anonymous (not verified) | Mon, 2007-06-25 11:50

Is in the media again with preemptive strikes to limit any opposition to this project.
The spokes person for now is Steve Smith.
Mr. Smith's involvement in this project makes the whole project suspect.
A brief History:
Steve Smith, son of Donald Smith founder of Devcon International, was first brought to St. Maarten around 1993 to run B.B.W. BBW had just been sold back to Devcon so placing there own person in charge made sense. Between that time and 2005 BBW became a shell of it's former self and now commands less than 30% of the redi mix market and 0% of the materials market. The quality of the product is questionable and they own virtually nothing anymore. In addition BBW was kicked out of the hope Esate and Grande Case Quarrys. It is now virtually bankrupt. This is Steve Smith's legacy at BBW
During 2005 Devcon International's ownership was taken over by a qroup that had less than controlling interest but had Don Smith in an uncomfortable position. The way it was put to him is that either he relinquish control of the company or Steve and a couple other employees of BBW/SCGC would be jailed on embezzlement and theft charges. Needless to Say Mr. Smith caved to protect his son.
Since then Devcon has sold off the materials division to a group out of the USVI and the heavy construction division back to Don Smith. They are desperate to sell off BBW but have nothing to sell.
Steve is a minority partner in the Indigo project. How this came about is not quite clear but his connection to a Venezualian owned company that is known locally as Goya Contruction is in the picture. These two had numerous questionable deals during Steve's tenoir as BBW manager and became close and Goya construction has never had problems accessing funds in the past.
Why do I bring all this up? It is as a warning for those that choose to get involved either in the construction or as an owner. Be very, very careful and ask questions about this man's history before opening your wallet. Leroy Deweever would be a good one to find to get information.
It is rumored that Westin is eyeing the hotel project.
The original Lease holder is Frederick R. Feder of Pinnacle Developers. Associates, LLC
The original company that put this together is Anzonia also of F.R. Feder
email: Anzonia@aol.com
The existing plans are very different from the plans that the permit was granted for.

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