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#239429 - 05/31/07 09:54 AM Ara Macao  
Joined: Apr 2000
Posts: 8,868
SP Daily Offline
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SP Daily  Offline
PressRelease
"While the Ara Macao project received full cabinet support from the Belizean government in a landmark decision on May 7th which endorsed the ioVest project unanimously and dismissed an attempt to derail the project. Citing this recent decision, Paul Goguen noted that special care has been taken in working to achieve a healthy balance within this delicate ecosystem. "The water and soil engineering studies have been exhaustive and extensive over the past two years. ioVest Development is committed to building a high quality development and while protecting this precious environment."

Based on the success of Phase I, the Ara Macao Resort and Marina has launched a Charter Member program which offers incentives to the next 50 unit purchasers for a limited time. "With every purchase, we have organized a wonderful 5-day trip to Belize including all transportation costs, most meals, and a menu of varied excursions for our owners," mentions Chick Baruffi.

Open House in Oak Brook -- Butterfield Country Club

Beginning June 5th, including one subsequent date of June 7th, a limited number of units are available through the Ara Macao Charter Member program at a savings of 10% to 20% off the 2007 current published prices which range between $400,000 and $550,000. "Our goal is to sell out this second phase within the next 60-90 days and raise prices as we achieve our fiscal milestones," noted Minniti. Several early round investors from Colorado, Illinois, and Florida have already seen 33% appreciation on their unit values since January 2006 and intend to hold and enjoy this vacation property for years to come.
http://www.earthtimes.org/articles/show/news_press_release,114143.shtml

#239437 - 05/31/07 10:13 AM Re: Ara Macao [Re: SP Daily]  
Joined: Oct 1999
Posts: 53,039
Marty Offline
Marty  Offline
i hear its questionable whether this ever makes it

#239512 - 06/01/07 01:55 AM Re: Ara Macao [Re: Marty]  
Joined: Apr 2000
Posts: 381
Wendy Offline
.
Wendy  Offline
GOOD! It shouldn't....


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