I was tipped today regarding this ad seeking investors to invest in The Villages of Aina Le’a. The developers guaranteed a 30% ROI over 2.5 years to anyone who buys into this project. This assurance sounds awfully suspicious to me in light of West Hawaii’s weak real estate market.
(Related item:Lots Of Questions Surrounding The Villages Of Aina Le’a Project In South Kohala)
(Related item:Race Against Time)
It is perplexing that WHT published this article about the future Makalei fire station encountering more delays. I received this response from Hawaii County Fire Chief Darryl Oliviera about a month ago stating that this project is still on track to be put out to bid by the first quarter of 2010.
Lastly, the UKIRT facility on Mauna Kea has gained a reprieve from the UK Science and Technology Facilities Council. They planned to close UKIRT in April 2010 due to budgetary constraints.However, the latter won’t likely happen until at least March 2012.
(Related item:The UK STFC Seems Hell-Bent To Gut Britain’s Significant Astronomy Investment)
March 12th, 2010 at 10:07 PM
Liked your update on Aina Le’a (land of joy) and of course you’re right. No one can make a guarantee like that, even if there were state funds involved, we all know how the budget situation is working out. There just isn’t money there for a return. They can guarantee now, and investors can sue later. Also enjoyed the UKIRT telescope (UK infrared telescope) update.
March 13th, 2010 at 6:03 PM
If there was any chance of a “guaranteed” return of 30%, there would be no need to seek investors from the general public. If it were such a sure thing, then banks would assuredly offer them a loan.