est. 2007

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Government Complicit in the Liquidation Centre Matter

The Editor Barbados Underground Dear Sir/Madam Recently,the Attorney General, Mr. Dale Marshall made some observations about the “Liquidation Center” which has been compulsory acquired by government. According to Marshall, the Center has been deemed unfit by the Public Health officials due to the high rodent infestation among other things. Marshall also went onto claim that…

The Editor
Barbados Underground

Dear Sir/Madam

Recently,the Attorney General, Mr. Dale Marshall made some observations about the “Liquidation Center” which has been compulsory acquired by government. According to Marshall, the Center has been deemed unfit by the Public Health officials due to the high rodent infestation among other things. Marshall also went onto claim that four illegal connections to the potable water supply of this country were discovered on the premises of the “Liquidation Center.” I have some question that need clarification by Marshall.

1.) Were there inspections of the premises by the Public Health (Environmental) Officers up to the point of closure by government? If the answer is yes,the question remains why was the premises not closed before the seizure by government? One is left to infer that either there was political interference by both sets of government, hindering the Public Health Officers from doing their job, or that the Public Health Officers looked the other way,to avoid witnessing all of the defects which have suddenly appeared.

2). The four illegal connections to the country’s potable water supply seems to be a red-herring deflecting from the high-handed manner in which the closure took place. Marshall wants the populace to believe that with the water being disconnected, the business continued apace without toilet facilities. At some point following disconnection, the authorities must have wondered how it was that the business continued apace without a pause. One is left to conclude that there was some kind of tacit connivance on the part of the authorities.

The government seems to be acting in an totalitarian manner in this affair. In small countries like Barbados one must be on guard against totalitarianism .

 

Sincerely

Robert D. Lucas, PH.D.

314 responses to “Government Complicit in the Liquidation Centre Matter”

  1. WURA-WAR-on-U Avatar
    WURA-WAR-on-U

    “You really need to choose a better class of friend.

    Why is this crook your friend?”

    hello…yall need to get a better class of governments, politicians and minorities…they are the ones SET YOU UP TO BE ROBBED BY ANY WHITE, INDIAN OR SYRIAN WHO CRAWLS ASHORE TO BARBADOS…and can BRIBE THEM…..SO blame them,…

    … they invite anyone to rob you, BLAME THEM.

    …..they will soon invite those with shackles and chains to snap them on you …SO BLAME THEM..

    ……they will sell your asses for anything…you cannot blame those who were INVITED TO TAKE ADVANTAGE OF BY BY YOUR WICKED NEGROS..in parliament calling themselves your leaders…

  2. WURA-WAR-on-U Avatar
    WURA-WAR-on-U

    From as far back as 2004 i have had whites and others warning me about what was going on in Barbados…what your corrupt leaders caused, you need to look in the direction of the parliamnet, bar association and in any hole you can find a dirty politician and their yardfowls…

    my friend did me a courtesy by telling me what he did, he did not have to say a word, because a BLACK BAJAN WOULD HAVE SAID NOTHING…just smirked and be proud that their people were being ROBBED BY THE SCUM OF THE EARTH…..in their usual mentally enslaved style.

    AND since alyuh suffer with PERPETUAL SHORT MEMORIES WHEN IT COMES TO TIEFING LAWYERS AND POLITICIANS…ALWAYS REMEMBER THIS:

    “If this government were marginalised and relegated to the shadows then I believe that there would be an influx of returnees and their children. It is probably this group who are more likely to bring fundamental change to the island.”

    BUT first you have to get rid of BLP out of the parliament…PERMANENTLY…

    NEVER…elect DLP AGAIN..

    BREAK…that dirty criminal connection between political parties and the covetous, poisonous, corrupt Willams family AND ALL THE MINORITIES ON THE ISLAND who now have a contract from both stink governments from 2005 to build prisons to LOCK UP BLACK PEOPLE to ENRICH THEMSELVES and keep the black population underneath their feet, always poor, always hungry, alway struggling,

    ,,,,..you and your FUTURE GENERATIONS ARE AT HIGH RISK…if you do not DESTROY THESE STINK SAVAGES, BEFORE THEY DESTROY YOU AND YOURS…they are well on their way already, it is TIME TO STRIKE BACK…even if you do not care about yourselves at least CONSIDER THEM..

    and run these ignorant, nasty little yardfowls OFF THE ISLAND….

    then the island will be well on it’s way to recovery…BAJANS HAVE TO REMAIN VIGILANT or pay an EVEN BIGGER PRICE…

    TAKE CONTROL OF YOUR ISLAND AND SQUEEZE THE MINORITIES and both dirty sell out negro parties … OUT

  3. WURA-WAR-on-U Avatar
    WURA-WAR-on-U

    And not only that…yall need to CALL OUT THESE DIRTY GOVERNMENTS…and make them STOP THE PACT with the same dirty criminal minorities that allows them to give them a HUNDRED MILLION DOLLARS OF YOUR TAX DOLLARS ON THE REGULAR…regardless to which governemnt is in the parliament…which has been going on FOR DECADES.

    and stop TALKING SHITE.

  4. David Avatar
    David

    Maloney denies misleading BNT

    Emmanuel Joseph
    Published on
    December 2, 2019

    https://barbadostoday.bb/wp-content/uploads/2019/11/IMG_0348-730×456.jpg

    Businessman Mark Maloney has dismissed outright, claims by President of the Barbados National Trust (BNT) Peter Stevens that the Hyatt backers misled the organisation regarding the true nature of the revised hotel project.

    Four days ago, Stevens – in an interview with Barbados TODAY – accused the developers of misleading the trust into believing that once additional land space was acquired by Government, the height and overall scale of the hotel for Bay Street, in the City would be reduced.

    Stevens said the trust had therefore agreed to the construction of the newly-designed US$175 million Hyatt Ziva based on those objectives, only now to find his organisation had been “railroaded”.

    But today, a disappointed Maloney was adamant it was the national trust president who was misleading the country.

    “First of all, we never misled anybody. Let me make that clear. We don’t mislead anyone. That statement is an insult to our professional integrity. We never, at any stage told anyone that by acquiring Mrs Ram’s place, the project would be smaller,” the prominent developer told Barbados TODAY, adding “how can we acquire more land and do a smaller project?”

    “We said the project would be spread over a larger portion of land. What we did do is we have separate buildings. Before we had one building going around and now we have separated the buildings,” he stated.

    The leading building contractor went on to explain that with the new design, there are different sized buildings which have been scaled on the extra land recently purchased.

    Maloney then sought to clear the air on the controversy surrounding the height of the revised project.

    “This notion that the buildings are 18 storeys tall…is misleading people. So if he [Stevens] wants to speak about misleading, the misleading is coming from his end,” he said.

    “Storeys are relative to height. Look at the height of the building. The Central Bank is 165 feet tall, but it is 10 storeys. Our 18-storey building is 190 feet. So we have an 18-storey building that is only 25 feet taller than the Central Bank…but it is because the Central Bank’s floor to floor heights are so high.”

    “So in today’s world we could build another 10 storeys in the Central Bank for the same height. So we could have a 20-storey building the same height as the Central Bank. So don’t have these people mislead the public that the height of the building…the 18 storeys, is a big problem,” Maloney told Barbados TODAY.

    However, the developer said the Hyatt buildings are not all 18 storeys. He pointed out that there is a ten-storey and a 15-storey building.

    “And the buildings are moved around on a larger property, so it doesn’t look like one big building which was there before. Not that what we did before was wrong, but it was what we did on a smaller property,” he added.

    Maloney said Stevens has been involved in the discussions regarding the project because he is part of the planning talks. “Nothing of the sort was ever raised in the planning meetings that we had. So we have been very opened in everything…and if he wanted to raise those points he should have raised them in the meeting in the presentation we did with the planning [department],” the developer insisted.

    He also responded to concerns expressed by Stevens who claimed that the construction of piers with restaurants out to sea would result in that portion of the sea being privatized.

    But Maloney said that any such construction could only be done in accordance with the policy of the Government, noting that other properties have piers in the sea as well and the sea bed belongs to the Crown.

    He also dismissed the trust president’s suggestion that the new Hyatt would exclude some local businesses under its all-inclusive brand.

    “That’s not true. There is nothing exclusive about the project,” Maloney stressed.

    In fact, he told Barbados TODAY that nothing would be done by his company, Vision Development Incorporated that is not in keeping with the social, economic, marine or heritage good of Barbados.

    He was emphatic that the project fell within the Government’s Master Plan for the area including the Pierhead and Carlisle Bay Development.

    “We have hired all of the professionals that we need to hire to do all of the studies and to ensure we take into account everything that comes out of those studies in building this development.”

    “We will make whatever changes that we need to make that are in keeping with what comes out of the studies and what makes sense from a heritage, a social, an economic and a marine perspective to make sure this project is good for Barbados now and for the future,” Maloney assured.
    emmanueljoseph@barbadostoday.bb

  5. WURA-WAR-on-U Avatar
    WURA-WAR-on-U

    He is a LIAR…he can’t help himself, they all need to be reported to the World Heritage people offshore and put a stop to this build, with the pact they have with the two corrupt governments, that is how they access the millions they steal from the people to pay bribes to ministers.

  6. David Avatar
    David

    This article suggest Miss Ram has financial challenges. If correct it would influence her posture at the negotiating table with government over the liquidation centre.

    Selling out

    Published on
    September 27, 2019

    Well-known businesswoman Asha Ms Ram Mirchandani appears to be liquidating a number of sizeable assets including a major piece of real estate in St Phillip, which has been placed on the market amid an ongoing saga between the Barbados Water Authority (BWA) and its owners over an unpaid bill worth quarter million dollars.

    Recent newspaper advertisements suggest that the Casa Grande Hotel and at least two other buildings owned by Ms Ram are up for sale as Government moves to compulsorily acquire another piece of real estate on Bay Street.

    One advertisement identified a 100-room hotel equipped with four large halls, swimming pool, restaurants and a kitchen at Oldbury, St Phillip, matching the description of Casa Grande.

    Though the ad did not name the property, it pictured an expansive structure closely resembling the hotel.

    When contacted, Ravi Mirchandani, the son of Ms Ram who is accepting inquiries on the properties confirmed they were up for sale but was unwilling to provide more details on the sale.

    The development comes one month after Ms Ram withdrew her challenge to a court order demanding the hotel pay thousands in arrears owed to the BWA. Since last November, the company, which trades as Knitwear Ltd had its water supply turned off.

    In March, a court injunction was filed to have the water supply restored and it was granted on a number of conditions, including payment of half the total arrears, inspection by the BWA and full payment of the monthly water bill going forward.

    Chief Justice Sir Marston Gibson denied an application by Mirchandani’s lawyer for leave to appeal the court’s decision, resulting in a withdrawal of the application.

    Government has advanced steps for the compulsory acquisition of the Mirchandanis’, Bay Street St Michael property, including the Liquidation Centre, to facilitate construction of a reconfigured Hyatt Centric Hotel on the beachfront stretch.

    Barbados TODAY understands the Michandanis are still in discussions with Government to determine how the business can best be compensated for their losses. However, in light of notice served by the Chief Town Planner informing management of Government’s intentions, the Liquidation Centre has also announced a “forced” stock sale.

    “The Government of Barbados has acquired the premises. We herein offer for sale the following,” read a recent advertisement.

    The notice invited persons interested in purchasing products in large volume including doors, windows, paint and bathroom fixtures, to come forward first, after which sales would be open to the general public.

    Along with the Liquidation Centre and the Casa Grande the Mirchandanis are hoping to relieve themselves of at least two other properties at Cumberland Street Bridgetown which house Sam’s and Handyman’s Hardware. kareemsmith@barbadostoday.bb

  7. WURA-War-on-U Avatar
    WURA-War-on-U

    Well, either sell them or have them seized by her house negros who has a bigger paymaster…….lol

    the good news is, Bajans are now aware through viral sharing that their own governments gave contracts to minority criminals to build prisons to LOCK BLACK PEOPLE UP…and is paying them MILLIONS OF DOLLARS OF BLACK PEOPLE’S MONEY…to do just that..

    and they are NOT PLEASED…something had to GIVE.

    yep…a silver lining.

    Keeping that vile secret for 15 YEARS, not telling the population a word, ROBBING THEM AND LOCKING THEM UP IN SECRET…would do that..

    alyuh see now why they all closed ranks and spent many, many thousands of dollars to shut down BU and get social media out of Barbados, just to criminalize their own people and profit from it…

  8. Enuff Avatar
    Enuff

    David
    I am not wasting my time on the matter of whether the acquisition is for public purpose. The BU householders can continue to let Hal deceive them, or use common sense. On the value of the land, let me say it again, that land should be valued for public acquisition based on its existing use plus a premium, not alternative uses. What was the site value and improved value on which the last land tax bill was based? Those talking big do not understand property development viability, especially in the context of urban regeneration, and the need to robustly assess and manage the inputs. We just like to talk.

  9. Hal Austin Avatar
    Hal Austin

    @ Enuff

    So, if the property is left unused, or land vacant, then the value will be nothing plus a premium (ie a tip)? Is that a valuation from the Barbados School of Estate Valuation?
    Cut out the cynicism and put a proper argument. Even if most of us are black people, some of us may understand. While you are at it, plse give a legal definition of public interest(in the Barbados context) and explain the concept in relation to the Hyatt development, apart from some notion of urban regeneration.

  10. WURA-WAR-on-U Avatar
    WURA-WAR-on-U

    …and make them STOP THE PACT with the same dirty criminal minorities that allows them to give them a HUNDRED MILLION DOLLARS OF YOUR TAX DOLLARS ON THE REGULAR…regardless to which government is in the parliament…which has been going on FOR DECADES….a hundred million dollars of your money EVERY YEAR…so let that SINK IN…

    So..now that all of that has SUNK IN…everyone has been told via social media that the majority population on the island ARE NOW UNKNOWINGLY ALSO PAYING HUNDREDS OF MILLIONS OF THEIR DOLLARS TO MINORITY CRIMINALS ON THE ISLAND TO BUILD PRISONS AND INCARCERATE THEM AND THEIR CHILDREN…for decades into the future…

    you can thank your evil corrupt DBLP for those CRIMES AGAINST YOU AND YOURS…….so BLAME THEM..i believe too many of you still think this is some joke….you will until….

  11. WURA-WAR-on-U Avatar
    WURA-WAR-on-U

    SO…after all of THAT…has it sunk in yet that all of these thieves and criminals STILL TURN AROUND AND ROB YOUR PENSION FUND….well, has it…

  12. Enuff Avatar
    Enuff

    Hal
    No it is not from Barbados but from in England where you live and look down on us Bajans! Furthermore, all land in Barbados is classified with a use; therefore land designated as residential has an existing use even if undeveloped. So the agriculture lands with not one iota of produce are still agriculture use. Stick to talking about Michellin dinners and dining at The Shard, though I understand one can buy a burger with chips. As I said before, I am not repeating why this project as part of the whole constitutes a public purpose, especially when this practice is again so rampant in your non-failed state UK.

  13. WURA-WAR-on-U Avatar
    WURA-WAR-on-U

    All ya seeing on whatsapp is ……WTF!!!

    one way or another BAJANS MUST WAKE UP..

    so …how is the Kenya trip going, another secret trip, hope it pays the people who are paying for it.. mucho dividends…

  14. WURA-WAR-on-U Avatar
    WURA-WAR-on-U

    Government seems to be complicit in everything and the Bajans are the ones paying for all of this….but they all forget…it is the same BLACK PEOPLE who will REMOVE THEM..”did someone say “the consolidation of a drug cartel” must be a typo..lol

    “Irvine Maloney is feeling disgusted.
    2 hrs
    The Rhetoric this attorney’s general is expressing about bringing the Dems to justice is just politically and morally dishonest. And we should get ready for an early election.
    Fool me once thats my fault. Not twice though.
    Why not investigate the wicked land deals he’s involved in?
    Why not start at home with George Payne, or Mia involved in a six billion dollar deficit. The selling of the cave!
    The crime wave he can’t seem extinguish.
    The the consolidation of a Drug cartel under the guise of medical marijuana.

    What A joke he is.
    That kind of behavior is uncalled for. Since it can be done without setting the banner a fire”

  15. Hal Austin Avatar
    Hal Austin

    @ Enuff
    Do I look down on people with my glasses, or without? Plse grow up, you mite. You said:

    I am not wasting my time on the matter of whether the acquisition is for public purpose. The BU householders can continue to let Hal deceive them, or use common sense. On the value of the land, let me say it again, that land should be valued for public acquisition based on its existing use plus a premium, not alternative uses(Quote)

    Speak to your original statement, not some manufactured nonsense. In every country there is a form of land use. You said land should be valued based on its existing use. Thus the quaustinhal@excite.comestion. It is a bonkers idea.
    I took you on originally because it was clear you are suffering from the Bajan Condition. I was generous to you describing you as a lawyer, politician or senior civil servant. I now realise you are a nutcase. Plse give a legal definition of public interest? Still waiting.
    As to dining at the Shard, plse re-read what I said, or is that too much?

  16. peterlawrencethompson Avatar
    peterlawrencethompson

    @Enuff
    The land is currently zoned for commercial use. The proposed Hyatt development is commercial use. There is no change of use. The regulations make no distinction between a warehouse and a hotel as commercial uses.

    The Mirchandani family should be paid fair market value without “plus a premium.” There is no rational argument for the Barbadian taxpayer paying them a premium. It is trivially easy to determine the fair market value of the land by looking at both recent transactions in the area and current listings for beachfront land on Carlisle Bay.

    It comes to about Bd$130/sq ft. Much more than the Bd$75/sq ft that they say that they have been offered, but much less than the $250/sq ft that they are demanding. So cut them a cheque for Bd$10.4 million and let’s move on.

    Both the Government and the Mirchandani family should stop their pathetic and completely insincere soap opera of public whining. It is unbecoming.

  17. WURA-WAR-on-U Avatar
    WURA-WAR-on-U

    Ah should ask lady Enuff…aka mite…

    which “drug cartels in Barbados are being consolidated under the guise of medical marijuana”…don’t be shy now, we know you know..

    ah hope Ram knows…and tells the WORLD..lol

  18. David Avatar
    David

    Thank you Peter, what premium what.

    A woman under financial stress and attempting to milk the transaction read taxpayers for all she is worth. After getting sweet from both parties for years.

  19. WURA-WAR-on-U Avatar
    WURA-WAR-on-U

    Bajans please be aware…i posted a video yesterday and was not sure which bakery, now we are, don’t want to get caught up in any LEPTO OUTBREAKS….one lawyer said he warned them about 2 months ago to get rid of Ram’s rats…

    “The Public Health inspectors that visited Ms. RAM need to visit Purity Bakeries ASAP.”

  20. Redguard Avatar
    Redguard

    “Bajans please be aware…i posted a video yesterday and was not sure which bakery, now we are”

    Three things.

    Check your sources
    That is an old video, old news
    It is not Purity

  21. Enuff Avatar
    Enuff

    David and PLT
    I was being kind with the premium in the context of alternative use argument as must be the basis for Ms.Ram’s demand. I am however glad both of you don’t even think she should get a premium. I have no argument on this one…none!

    Hal
    “So, if the property is left unused, or land vacant, then the value will be nothing plus a premium (ie a tip)?”

    The above are your words. Now if that statement ain’t the height of ignorance I don’t know what is. The fact is vacant land has an existing use value, I never said improved value. Residential land is residential whether it’s vacant or developed, when developed that’s when improved value comes in. Ms.Ram is not seeking money based on a run down warehouse, she is thinking hotdl use i.e. alternative use. Anyhow, I done with you. You know everything about nothing, including property valuation and financial viability in property development.

  22. WURA-War-on-U Avatar
    WURA-War-on-U

    I don’t have to check any sources, a lawyer AND OTHERS are on FB as you type nonsense speaking about it..

  23. WURA-War-on-U Avatar
    WURA-War-on-U

    You need to go an check it out instead of trying a cover up before you get an outbreak to kill thousands..

  24. Hal Austin Avatar
    Hal Austin

    @ Enuff

    ON THE VALUE OF THE LAND, LET ME SAY IT AGAIN, THE LAND SHOULD BE VALUED FOR PUBLIC ACQUISITION ON ITS EXISTING USE, PLUS A PREMIUM, NOT ALTERNATIVE USES…(Quote)

    Who is the clever person who wrote the above? My question was, if the property was not in use – ie there was no use residentially or commercially – then what is the value of the property?
    If I am mistaken, my apologies. I have problem with understanding this English language and these technical matters.

  25. peterlawrencethompson Avatar
    peterlawrencethompson

    @Enuff
    “… Ms.Ram is not seeking money based on a run down warehouse, she is thinking hotel use i.e. alternative use.”
    ++++++++++++++++
    Both warehouse and hotel are commercial use, so there is no “alternative use” coming into play.

  26. Vincent Codrington Avatar
    Vincent Codrington

    I am no Land Valuation expert but the local practice born of English practice is the current value of adjacent properties. This is generally evidenced by the last/recent sale price of adjacent properties. For tax purposes properties are valued lower than the market price. They are both negotiable.

  27. WURA-WAR-on-U Avatar
    WURA-WAR-on-U

    For the ignoramuses who love to cover up crimes to cost people their lives, there are posts up to 3 minutes ago which i have not posted… the same bakery is still being named on FB….stop using your petty ignorance to cover up things that can cause viral death…..there is a very good reason for naming the bakery….it’s the same way all you idiots covered up for Ram for over 4 decades and look how well that worked out, the idiot mind will never learn.

    “Mark Adamson Greetings, Douglas….I would hope that environmental health officers and food safety officers have been doing so…..and regularly too…

    · Reply · 3h
    DarthPhilfius Maximus You mean like how they regularly visited Furniture Ltd?

    Haha
    · Reply · 3h
    Julieann Greene W T H

    · Reply · 3h · Edited
    Fitz Dee A great on to you David

    · Reply · 2h
    Roland Clarke Douglas Trotman, you actually named the bakery! Wow!
    1

    · Reply · 2h
    Violet B Lenman My will be glad that’s something stop me from eating bread thanks to this post now something about souse.”

  28. Redguard Avatar
    Redguard

    For the ignoramuses who love to cover up crimes to cost people their lives, there are posts up to 3 minutes ago which i have not posted… the same bakery is still being named on FB….stop using your petty ignorance to cover up things that can cause viral death…..there is a very good reason for naming the bakery

    Three things

    Facebook is not a source
    Facebook is not a source
    Facebook is not a source

  29. WURA-WAR-on-U Avatar
    WURA-WAR-on-U

    Being ignorant is also not a source, no lawyer is going to EXPOSE ANYTHING ON FACEBOOK WITHOUT GOOD REASON…where do yall get ya reasoning skills….surely not from those who rob the country and people i hope..

  30. Redguard Avatar
    Redguard

    Let me get this wrong, you the chief person who says do not trust lawyers is now using a lawyer’s postings on facebook of all places as proof

    I know we are supposed to ignore you, but this one was too good to let it slide

  31. John A Avatar
    John A

    @ Vincent

    The valuation for this piece of land is a tricky one. Yes you are correct the usual way of valuing a lot is based on the sales price of lots on the same strip, but they are exceptions.

    For Instance suppose 2 large west coast homes had a small piece of land between them with a “brek down ” chattel house on it. Do you think that chattel house would sell for the same as a similar one a mile down the road with Bush on either side?

    So we now enter the grey world of improved value added as a result of neighbouring entities, or market forces and planned land use. Rams argument will be if government didn’t act as property broker they could of gotten more on the open market. Question is what precedence will this set going forward on free market forces if they can be overridden now it would appear by government acquisition.

  32. WURA-WAR-on-U Avatar
    WURA-WAR-on-U

    “I know we are supposed to ignore you, but this one was too good to let it slide”

    thanks for allowing me to highlight the idiocy that breeds thieves like Ram and bizzy and cow and every lowlife that has robbed the populi and allowed the country to sink to it’s knees.

    I have some homework for you, find the comment where i have ever said that if anyone, including a lawyer says there is a rat infestation in a bakery …that you should say they are lying…..and ignore them…i could swear that the distrust of lawyers has to do with people’s estates, money and personal injury cases…but please indulge m e and go right ahead and find where the distrust of lawyers is supposed to be applied to public health warnings..

    the education system could do with a massive upgrade and you are living proof.

  33. Mariposa Avatar
    Mariposa

    If a Hotel can be defined as public purpose
    Then all land or property lives under a threat as defined by govt for “public use” as in the flimsy definition basically for Hotel use

  34. WURA-WAR-on-U Avatar
    WURA-WAR-on-U

    But wait…yardfowls are supposed to ignore me BUT cannot stop reading my posts…lol

    yall really want chasing off the island…not fit for purpose…i would be ashamed to tell anyone that i knew any of you.

  35. Mariposa Avatar
    Mariposa

    Also the valuation of land can be based on location
    In this case the location is a valuable given that it is situated on what can be considered a prime location in the heart of downtown close to a heritage site and most importantly considered beachfront property
    I envision that when Mrs. Ram bought that property her mindset might have thinking she struck gold

  36. WURA-WAR-on-U Avatar
    WURA-WAR-on-U

    It might take ya a while to realize that the one….a lawyer alerting the public to a health hazard…HAS NOTHING TO DO WITH THE OTHER…lawyers who steal estates, land money and compensations….that is why am speeding it up for ya, won’t want it to take ya a whole week to come to that realization.

  37. Vincent Codrington Avatar
    Vincent Codrington

    John A at 1:24 PM

    We are not valuing the buildings . We are valuing the land. Mrs Ram property is a land acquisition. The warehouse is another matter. The dispute is not about the warehouse. You will notice that on your land tax bill, the land values and the improved values are different. The improved value include buildings which also have a method of valuation. The latter is based on state, age and quality of materials etc. These are fairly objective and quantifiable.

    Future use/ value is a red herring. One cannot value ones property on future values. The future values are a creation of the developer who is trying to purchase the present land from you. What non sense ?

  38. TheOgazerts Avatar
    TheOgazerts

    Two comments.
    I have heard a very crude market price. The market price is what someone is willing to pay.
    @John A.
    Good point. The market price of a chattel house between two fine homes might just be what one of the owners would be willing to pay to get the person out of there or what someone might be willing to pay to get in the neighborhood.

    Mariposa restated it as “location”

  39. John A Avatar
    John A

    @Vincent

    Vincent you can not fix a value based on a warehouse or a commercial rate. It is prime beach front land with its value based in real terms on the going rate per sq ft for beach front land. Its that simple. Truth is if market forces were allowed to play out instead of government acting as a property broker, that is exactly what would of happened.

    As for my point being nonesence, you want me to give you a few addresses on the west coast where small slivers of land with old wood houses on them, sold for 2 and a half times market value because the wealthy foreign neighbours wanted the land? I could start at Mullins and give you addresses as far South as Paradise if you need them.

    That is how market forces work when there is no government interference.

  40. David Avatar
    David

    @Vincent

    Are you sure it is only the land informing the offer price?

  41. John A Avatar
    John A

    @ Vincent

    I going give you one example of what I speak from knowledge.

    In 2006 a piece of west coast beach land of 2900 sq ft with a brek down chattel house and nuff bush, sold for $800,000 bds because it’s wealthy neighbour wanted it for expansion of their home.

    That was $275 sq ft back then. Now admittedly this was not a norm but several deals similar to this went down on that coast. It’s about the buyers desire to acquire the land and what he thinks it will do for his investment that drives the offer price.

  42. Vincent Codrington Avatar
    Vincent Codrington

    @ John A

    You are conflating two issues both of which in principle we agree.
    1. GoB should not attempt to assist the eventual developers and;
    2. Market forces ,what ever the drivers, decide the price .

    The minutiae is where we are getting our knickers in a twist . Or in Enuffs figurative language, our BVDs are at our ankles.

  43. NorthernObserver Avatar
    NorthernObserver

    “It comes to about Bd$130/sq ft. Much more than the Bd$75/sq ft that they say that they have been offered, but much less than the $250/sq ft that they are demanding. So cut them a cheque for Bd$10.4 million and let’s move on.”

    Amen.

    However, this bs of a developer getting the Government to do its dirty work, needs to stop. The most startling info in the entire proceeding, was when I learned the developer doesn’t even own, the lot adjacent to Mirchandani? What do they own? Ideas? or the politicians?

  44. Vincent Codrington Avatar
    Vincent Codrington

    @ David Bu at 2:09 PM

    If you have inside information, please share it with fellow bloggers. As you know, I am not allowed to use inside information for my personal advantage. It is considered unethical. Ha! Ha! Ha!

  45. John A Avatar
    John A

    @Northern

    Exactly the point. Government have no right dictating prices. Only thing that does that is market forces and project viability.

    It’s not just beach front either. I remember when Warrens Industrial Estate was first offered for sale. The lot price was $1.50 a sq ft. By the time Simpson Motors built it cleared $3.

  46. Vincent Codrington Avatar
    Vincent Codrington

    @ NO at 2:25 PM

    Whose quotation is that? So the fair value is $130 per sq ft? Why should the taxpayers pay more?

  47. Vincent Codrington Avatar
    Vincent Codrington

    @ David BU

    We are learning a very valuable lesson in Macroeconomics through this post. Public policy should be one of keeping prices down. Creating a bubble in the real Estate market is likely to cause problems for the entire economy farther down the road. This is also a channel for creating social and economic inequality. Is the GoB assisting this process unwittingly?

  48. peterlawrencethompson Avatar
    peterlawrencethompson

    @Vincent
    “Whose quotation is that? So the fair value is $130 per sq ft?”
    +++++++++++++++++++++
    That is my valuation arrived at by the very simple process of looking at the listed asking price of beachfront lots on Carlisle Bay that are currently for sale on the open market.

  49. peterlawrencethompson Avatar
    peterlawrencethompson

    @NorthernObserver
    “… the developer doesn’t even own, the lot adjacent…”
    ++++++++++++++
    The adjacent lot where the Harbour Police used to be is owned by the people of Barbados. The Mirchandani lot is now also owned by the people of Barbados.

  50. WURA-WAR-on-U Avatar
    WURA-WAR-on-U

    “What do they own? Ideas? or the politicians?”

    ah…now we are getting somewhere.

    is it not a crying shame that the world is watching this play out..

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