Emilio Wilson Estate purchase – No financing yet and Rain Forest wants to save its adventure park

POSTED: 09/6/12 11:35 AM

St. Maarten – There are no plans to engage SZV as the financer for the purchase of the Emilio Wilson Estate, Prime Minister Sarah Wescot-Williams said at yesterday’s Council of Ministers press briefing. Earlier the government announced that it plans to buy the largest part of the estate for $17 million from its owners, Henri Brookson and the Paas-family. Finance Minister Roland Tuitt is looking for financing for several projects and the purchase of the estate is included in those financial plans.
But the deal hit a snag when Rainforest Adventures, a company that developed a plan for an adventure park in part of the estate put a lien on the property.
“Shortly after the matter of the lien became an issue the principals of Rainforest Adventure met with me indicating why they did what they did. It came down to wanting to secure their project,” Wescot-Williams said.

Rainforest had entered into an agreement with Brookson for the venture and it had already obtained a building permit for its plans. The archeological center Simarc was already busy with a survey on the estate at the developer’s expense, but this work was halted after Brookson announced that the estate was going to be sold to the government.
“Basically the government needs to discuss whether there is anything it can do at this moment,” the PM said. “I would hate to see that project get embroiled in litigation for years. That is something the government will want to avoid at all cost. But we have not taken a position after the recent development between the owners and the developer.”

Did you like this? Share it:
Emilio Wilson Estate purchase - No financing yet and Rain Forest wants to save its adventure park by

Comments are closed.