Breaking News: Loreto Bay Baja resort, unable to find new buyer, suspends operations

loreto-bay-logoUPDATE (09.06.2010) – Good news! For those that may have missed it, Homex, a large Mexican developer, purchased some assets earlier this year from TSD Loreto including the Inn, Hotel and land. As of this date, the development continues to grow and construction proceeds with significant activity on the ground. Homex plans to build another phase adjacent to the existing homes along the Sea of Cortez. All signs are positive, and Loreto continues to enjoy another wave in tourism and interest. Existing home owners are ecstatic with their purchases. Needless to say the town of Loreto continues to charm while the Sea of Cortez beckons.

TSD Partners today informed homeowners that all operating and construction activities on the Loreto Bay project will be suspended. The announcement follows months of speculation regarding a potential new buyer for the financially struggling development.

Launched in 2004, the original vision called for a 5,000 unit mega-resort with walkable seaside village homes located along the Sea of Cortez, and 20 minutes from the small fishing village of Loreto in Baja California Sur, Mexico. In 2007, Citibank invested in the project bringing needed capital and management resources.

A combination of the global economic downturn, the real estate crisis, banking failures and the continual deluge of negative headlines related to Mexico’s escalating drug wars appear to be contributing factors.

The homeowner email is below. StarkSilverCreek will carry updates, along with editorials on the project, and what may happen next, along with advice for homeowners.

2010/02/20 at 6:56 am | In reply to mario perez.2010/02/20 at 6:56 am | In reply to mario perez.

loreto-bay-logo

Loreto, BCS, June 6, 2009

Dear Homeowners,

TSD Loreto Partners, S. en C. por A. de C.V. (the “Company”) regrets to inform its clients and stakeholders that, due to the challenging situation in the international real estate and financial markets, all operating and construction activities for Loreto Bay (the “Project”) will be suspended.

To assist in securing new equity funding and a long-term suitable buyer for the Project the Company hired Cushman & Wakefield. Several potential buyers and investors have visited the Project over the last few months, yet in the context of the current economic crisis and credit shortage, the Project has been unable to secure a buyer or new investor.

We regret to inform you that until new funds are secured, as of June 7th, 2009 all hospitality related operations will be suspended and as of June 8th, 2009 all construction related activities will be suspended.

Please note that all homeowners with a home under construction, and all other homeowners will receive further information as it becomes available.

Best regards,

Embree C. “Chuck” Bedsole
Interim President
TSD Loreto Partners, S. en C. por A. de C.V

[Source: email sent to homeowners, also available at the Loreto Bay News web site]

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  • Karen Hickman

    This is all the info we get? A short email citing suspension of operations? I replied and asked for more info and was told the "info at loreto bay" also was shut down. Is Robert T, operating the HOA still around? Is everyting shutting down? We need more info! I was just there last week and everything looked terrific and work on homes was in process. How sad.

  • Karen Hickman

    This is all the info we get? A short email citing suspension of operations? I replied and asked for more info and was told the "info at loreto bay" also was shut down. Is Robert T, operating the HOA still around? Is everyting shutting down? We need more info! I was just there last week and everything looked terrific and work on homes was in process. How sad.

  • Karen Hickman

    What? This is all we get, a short email with no details? I just replied to the email sent to me to ask more info and got a response that said "info at Loreto Bay" no longer was replying. What about Robert T? Is he going to still be able to run the HOA? How does this affect homes already built and those of us paying dues? I was just there last week and the landscaping looked great and people were working away. How sad.

  • Karen Hickman

    What? This is all we get, a short email with no details? I just replied to the email sent to me to ask more info and got a response that said "info at Loreto Bay" no longer was replying. What about Robert T? Is he going to still be able to run the HOA? How does this affect homes already built and those of us paying dues? I was just there last week and the landscaping looked great and people were working away. How sad.

  • Richard Hunt

    Does this mean that the Inn at Loreto Bay is closed?

  • Richard Hunt

    Does this mean that the Inn at Loreto Bay is closed?

  • Kyle M

    I will be interested to hear about the Inn at Loreto Bay as well. My wife-to-be and I are planning to honeymoon there in two weeks. Please let me know if you hear any more.

  • Kyle M

    I will be interested to hear about the Inn at Loreto Bay as well. My wife-to-be and I are planning to honeymoon there in two weeks. Please let me know if you hear any more.

  • Davin Lundy

    It appears that the website is no longer operational for the Inn. Since owners in the rental program get access to their homes through the key cards…how is this going to work? Home owners will be locked out of their own homes? I'm sure there will be a lot of information coming out over the next few days as word spreads…and I hope that it does quickly…especially among the folks there in Loreto Bay that may be able to track down the skeleton crew staff that may remain.

  • Davin Lundy

    It appears that the website is no longer operational for the Inn. Since owners in the rental program get access to their homes through the key cards…how is this going to work? Home owners will be locked out of their own homes? I'm sure there will be a lot of information coming out over the next few days as word spreads…and I hope that it does quickly…especially among the folks there in Loreto Bay that may be able to track down the skeleton crew staff that may remain.

  • What? This is all we get, a short email with no details? I just replied to the email sent to me to ask more info and got a response that said “info at Loreto Bay” no longer was replying. What about Robert T? Is he going to still be able to run the HOA? How does this affect homes already built and those of us paying dues? I was just there last week and the landscaping looked great and people were working away. How sad.

  • Richard Hunt

    Does this mean that the Inn at Loreto Bay is closed?

    • Rob Haines

      I am in Loreto Bay right now. I walked over to the Inn and they are closing today. The Inn is placing the customers staying there in to different hotels starting tonight. This is according to the desk people.So far it sounds like all hospitality will shut down, the inn, pool, golf course, etc. It should not have any bearing on our HOAs.

      We have decided to leave property management and will be using Robert Ortola from now on. He is taking on some more customers for anyone interested in a more personal and reliable manager.

      • Wilf Erickson

        Rob Haines:

        Thank you for your information and comments re the Loreto Bay shut-down.

        We are in Sub-Regime “A” of Founders’ Neighbourhood, Casa FN 40 – the very first cluster, and do not recognise the name Robert Ortola.

        Could you please kindly advise what functions he may be able to provide under these new circumstances and how we may contact him?

        Thank you for your kind co-operation.

        WILF ERICKSON

        • Rob Haines

          Robert Ortola can be reached at Custom Resources;
          USA Cell: 562-685-6362
          Mexico Cell: 52-(1)-613-117-2070
          E-mail; robert.ortola@yahoo.com

          Robert was in procurement for a couple years with LBC, understands and knows most of the products, appliances, etc. that went into the units, who installed them, and so on. He speaks excellent spanish and knows everyone in Loreto. He also knows whos good at what they do and who to stay away from.

          His basic services are the same as LBC peoperty Mgmt’s are. he will pay all the utilities, taxes, trust, etc. He actually copies you on utilities so you know exactly what your water, electric is monthly. He does a weekly walk-through checks sprinklers, toilets, leaks… and schedules landscaping and HVAC service as needed, not every month. He also check before storms to make sure everything is buttoned-up and then does a post storm walk-through for damage, water problems, and will schedule any need repairs. For special projects,ie. finding a garbage dispoal and installation, chnage locks, etc. he finds the product schedules the right installer and oversees the work. He charges a fee of $80.00 / hr for special services. He can send you a copy sheet of his services and fees. Today, he was at the Golf Club trying to get some of the owners clubs for them soo they would not disappear.

          We plan to have Robert and Security for our Cond-Regime be the ONLY people with any access to our unit.

          Rob Haines

          Rob Haines

      • Bob Patenaude

        Hi Bob,

        Thanks for your on the scene reporting. We are also thinking of leaving property management. Would you be so kind as to forward contact info for Robert Ortola? Thanks much.

        Bob Patenaude

        • Hi Bob,

          I have been here since the very beginning as a homeowner in 2003 and working as part of the Senior Management team at Loreto Bay until June 2006; and a full time business person in Loreto since then. I am starting a property management company because it is time for a change!! There are some great independents working here, but they will soon be overwhelmed by this latest announcement. For more information please go to my blog. Thanks, Nellie
          http://whereintheworldisnellie.blogspot.com/

      • Susan Fielder

        I don’t know you but would love to know what is going on if this is all true about operations closing down. What happens to other homeowners whose homes are not completed but paid for. Do you know. Please let me know. We have a condo in the Posada del Norte.. Thanks

        • Bill Doyle

          To Susan Fielder and all Posada Owners…

          Posada Sur owner Jerry Saik [ jerrysrx@syban.net ] is forming an alliance of Posada owners to discuss options. Please contact him, and encourage any other Posada owners know to get involved. You guys need to unite, and fast!

          BD

        • Karen Hoffman/Robert Byrnes

          This is so very sad. I feel so badly for everyone invovled. We also have a condo in the Posada Norte, and would be interested to find out what happens now.

      • Pat Lillo

        Loreto Bay has been and will continue to be our “dream”. We all just need to stay positive and see what we can do together to get through this.

        • Susan Fielder

          Hi Pat, It is so unimaginable and truly a shame. I can’t tell you how many times we have felt it was not right. We in good faith as did many others paid our dues so to speak financially and to have this happen is beyond. So please keep me posted as will I you and keep the faith. Is yours all finished. Our building is just a shell. Yikes. Susan

          • Pat Lillo

            Susan – We took possession of FN#373 in December and just actually closed a week ago, so our casa is complete.

      • Teresa Dalton

        Rob Haines-

        We are closing soon on FN 372, we would like to get some property management services set up before closing, could you please forward me the the contact information for Robert Ortola.

        Thanks so much,
        Teresa Dalton

      • Maribeth Clark

        Can you give me Robert’s email address so i can contact him regarding management.

        Maribeth Clark
        FN 553

      • Jon Brooks

        Hi, we own FN234. Just curious if the new pool across from the Inn will still be open and maintained. Any info there? Thanks!

  • Kyle M

    I will be interested to hear about the Inn at Loreto Bay as well. My wife-to-be and I are planning to honeymoon there in two weeks. Please let me know if you hear any more.

    • J Alley

      Kyle..sorry to hear about Loreto Bay and your honeymoon plans. Here are two other sites you may inquire about so you will still be able to enjoy your honeymoon…www.lascabanasdeloreto.com and http://www.lamisionloreto.com..Both compare to the Inn at Loreto Bay.

      • Kyle M

        Thanks J Alley! I appreciate it. I have already started looking at La Mision.

        I hope things go well for everyone. We are so excited to visit Loreto for the first time.

    • Lissa

      Kyle,

      We have a home in Loreto if you like to be our guests. For information, please email me.

      • Kyle M

        Lisa, you are so kind! We truly appreciate your offer of generosity. After I heard the news, I contacted La Mision Hotel and have since made reservations with them. If there is anything I need help or have questions with, I will be sure to let you know.

        Thanks again,
        Kyle M

  • David Veniot

    As the former VP for Sustainability at Loreto Bay, I have stayed in touch with the project from time to time, as I have always believed in its immense potential to be a truly unique eco village resort. This news is sad indeed, but I hope only a temporary misfortune that will pass with the recession. I remain optimistic that a new group of investors will eventually share the vision and take the leap. In these troubled economic times, sustainability makes more sense than ever.<br />
    <br />
    My concern right now, though, is for the homeowners who find themselves in an unfair limbo. Remember, you are the heart of Loreto Bay. You are the community. You have endured considerable challenges. This, too, shall pass.<br />
    <br />
    David Veniot

  • Tom Linnen

    Jan and I live in Loreto Bay full time but that does not mean we have any answers to questions.<br />
    <br />
    However it is 9:00AM Sunday and I just walk over to Loreto Bay Inn and they are operating as normal.<br />
    <br />
    The attendant at the front desk says he is receiving calls questioning whether Loreto Bay Inn is closing but that was the first he heard about it.<br />
    <br />
    Tom Linnen

  • Tom Linnen

    Jan and I live in Loreto Bay full time but that does not mean we have any answers to questions.<br />
    <br />
    However it is 9:00AM Sunday and I just walk over to Loreto Bay Inn and they are operating as normal.<br />
    <br />
    The attendant at the front desk says he is receiving calls questioning whether Loreto Bay Inn is closing but that was the first he heard about it.<br />
    <br />
    Tom Linnen

  • Davin Lundy

    It appears that the website is no longer operational for the Inn. Since owners in the rental program get access to their homes through the key cards…how is this going to work? Home owners will be locked out of their own homes? I’m sure there will be a lot of information coming out over the next few days as word spreads…and I hope that it does quickly…especially among the folks there in Loreto Bay that may be able to track down the skeleton crew staff that may remain.

  • Davin Lundy

    It appears that the website is no longer operational for the Inn. Since owners in the rental program get access to their homes through the key cards…how is this going to work? Home owners will be locked out of their own homes? I’m sure there will be a lot of information coming out over the next few days as word spreads…and I hope that it does quickly…especially among the folks there in Loreto Bay that may be able to track down the skeleton crew staff that may remain.

  • Davin Lundy

    It appears that the website is no longer operational for the Inn. Since owners in the rental program get access to their homes through the key cards…how is this going to work? Home owners will be locked out of their own homes? I’m sure there will be a lot of information coming out over the next few days as word spreads…and I hope that it does quickly…especially among the folks there in Loreto Bay that may be able to track down the skeleton crew staff that may remain.

  • Davin Lundy

    It appears that the website is no longer operational for the Inn. Since owners in the rental program get access to their homes through the key cards…how is this going to work? Home owners will be locked out of their own homes? I’m sure there will be a lot of information coming out over the next few days as word spreads…and I hope that it does quickly…especially among the folks there in Loreto Bay that may be able to track down the skeleton crew staff that may remain.

  • Rob Haines

    I am in Loreto Bay right now. I walked over to the Inn and they are closing today. The Inn is placing the customers staying there in to different hotels starting tonight. This is according to the desk people.So far it sounds like all hospitality will shut down, the inn, pool, golf course, etc. It should not have any bearing on our HOAs.<br />
    <br />
    We have decided to leave property management and will be using Robert Ortola from now on. He is taking on some more customers for anyone interested in a more personal and reliable manager.

  • Rob Haines

    I am in Loreto Bay right now. I walked over to the Inn and they are closing today. The Inn is placing the customers staying there in to different hotels starting tonight. This is according to the desk people.So far it sounds like all hospitality will shut down, the inn, pool, golf course, etc. It should not have any bearing on our HOAs.<br />
    <br />
    We have decided to leave property management and will be using Robert Ortola from now on. He is taking on some more customers for anyone interested in a more personal and reliable manager.

  • David Veniot

    One of the admin staff just informed me that the Inn was closing today.

  • David Veniot

    One of the admin staff just informed me that the Inn was closing today.

  • Pam Bolles

    I feel for the homeowners BUT the writing WAS on the wall for several years. Many people in this community have been trying to express this but when you listen to salespersons for facts this is often the result.

    After over 10 years living full time in this community, running a business, birthing kids and having them in the school system here, integrating into this community, etc. I have learned one very important lesson that I’d like to pass on to you:

    YOU CANNOT CHANGE LORETO
    LORETO CHANGES YOU

    suerte!

    • Bill Doyle

      Pam, love ya sweetie, but what a truly shitty thing to say. Do you think people need you to tell them how smart you are, and how dumb they are? Peoples lives may be financially devastated, and you come to the funeral to trash the dead? Do you think this kind of comment will help your business? I have referred probably 20 fishing trips to you in the last three years. No more, and in fact I will start to actively market against you. I am tired of your crappy “I hate Loreto Bay and I told you so” attitude. A sincere apology for your stupid and heartless comment would go a long way to repairing some feelings here. Get with it, girl.

      • Marsha

        Thanks for you comments Bill..We are all tired of being bashed by the Gringos in Loreto, like they can’t share the beauty..

      • David Veniot
      • Penny and Nick Geer

        Hi Bill
        I have been reading the progress of the emails on this site with interest. We are owners of a 70 percent finished house in Agua Viva (129) and were devastated by the news. However, we have been checking the Club Loreto site and it seems that there a many people saying “Hang in there – things are not as bad as they seem”. What do you think? we love everything about Loreto Bay, the people, the concept and the climate and are really looking forward to being there. I did check into Nellie Hutchinson’s blog and it contained some interesting and encouranging thoughts. http://whointheworldisnellie.blogspot.com/
        Could you keep us in the loop?
        Many thanks!
        Penny Geer

    • Pam,
      I am disappointed by your comments. And I don’t appreciate being the target of them as a ‘salesperson for Loreto Bay’. I have always acted with integrity and my love of Loreto and it’s people (LB & local) is huge. I’ve been coming there for a long time as you know. Many of the sales professionals of the former LBC are homeowners as well and share the same feelings about this unique place. I especially think about my dear local friends in Loreto who’s livelihoods are evaporating just like mine. I’ve sat back feeling numb, but just couldn’t let this one pass.

    • John P.

      Rich your not missing anything. She owns a fishing business. Most of us town folk what Loreto Bay to do well. There are many Busineses in town that depend on Loreto Bay. Just like in the U.S. there are many bitter & jealous People. On behalf of many town people we hope this is just a bump in the road. Our hearts & prayers go out to all of you.

  • Pam Bolles

    I feel for the homeowners BUT the writing WAS on the wall for several years. Many people in this community have been trying to express this but when you listen to salespersons for facts this is often the result.

    After over 10 years living full time in this community, running a business, birthing kids and having them in the school system here, integrating into this community, etc. I have learned one very important lesson that I’d like to pass on to you:

    YOU CANNOT CHANGE LORETO
    LORETO CHANGES YOU

    suerte!

    • Bill Doyle

      Pam, love ya sweetie, but what a truly shitty thing to say. Do you think people need you to tell them how smart you are, and how dumb they are? Peoples lives may be financially devastated, and you come to the funeral to trash the dead? Do you think this kind of comment will help your business? I have referred probably 20 fishing trips to you in the last three years. No more, and in fact I will start to actively market against you. I am tired of your crappy “I hate Loreto Bay and I told you so” attitude. A sincere apology for your stupid and heartless comment would go a long way to repairing some feelings here. Get with it, girl.

      • Marsha

        Thanks for you comments Bill..We are all tired of being bashed by the Gringos in Loreto, like they can’t share the beauty..

      • David Veniot
      • Penny and Nick Geer

        Hi Bill
        I have been reading the progress of the emails on this site with interest. We are owners of a 70 percent finished house in Agua Viva (129) and were devastated by the news. However, we have been checking the Club Loreto site and it seems that there a many people saying “Hang in there – things are not as bad as they seem”. What do you think? we love everything about Loreto Bay, the people, the concept and the climate and are really looking forward to being there. I did check into Nellie Hutchinson’s blog and it contained some interesting and encouranging thoughts. http://whointheworldisnellie.blogspot.com/
        Could you keep us in the loop?
        Many thanks!
        Penny Geer

    • peter boddy

      what bill doyle says sums up this ignorant attitude exactly.

  • Pam Bolles

    I feel for the homeowners BUT the writing WAS on the wall for several years. Many people in this community have been trying to express this but when you listen to salespersons for facts this is often the result.

    After over 10 years living full time in this community, running a business, birthing kids and having them in the school system here, integrating into this community, etc. I have learned one very important lesson that I’d like to pass on to you:

    YOU CANNOT CHANGE LORETO
    LORETO CHANGES YOU

    suerte!

    • Bill Doyle

      Pam, love ya sweetie, but what a truly shitty thing to say. Do you think people need you to tell them how smart you are, and how dumb they are? Peoples lives may be financially devastated, and you come to the funeral to trash the dead? Do you think this kind of comment will help your business? I have referred probably 20 fishing trips to you in the last three years. No more, and in fact I will start to actively market against you. I am tired of your crappy “I hate Loreto Bay and I told you so” attitude. A sincere apology for your stupid and heartless comment would go a long way to repairing some feelings here. Get with it, girl.

      • David Veniot

        Well said Bill. Many of these homeowners bought into a vision. It was sincere. It was the right vision…imagine the place today in the hands of the typical Cabo developer. I shudder to think. The homeowners trusted this vision and the business people behind it. A convoluted cascade of events took place to cause the eventual downfall of the project, which is by no means the fault of the homeowners or any one person. casting blame is easy. Finding solutions and staying strong during tough times is not. I am glad you are still there.

        • Bill Doyle

          Hey Hollywood!

          Great to hear from you. Always the voice of reason to my usual blue-collar bull-in-the-china-shop approach… It would be great to hear how you are doing. Send me your e-mail and I will send you todays TCC Update . We’d like to have you on our Loreto Bay distribution list. If we are fortunate enough to be purchased by an owner who has the passion for sustainability, we will immediately put you in contact. You were a great asset to the project, and we miss you and Peter Clark.

          BD

          • David Veniot
          • Pat R.

            Bill,
            Bless your heart! So well said…..

          • Penny and Nick Geer

            Hi Bill
            I have been reading the progress of the emails on this site with interest. We are owners of a 70 percent finished house in Agua Viva (129) and were devastated by the news. However, we have been checking the Club Loreto site and it seems that there a many people saying “Hang in there – things are not as bad as they seem”. What do you think? we love everything about Loreto Bay, the people, the concept and the climate and are really looking forward to being there. I did check into Nellie Hutchinson’s blog and it contained some interesting and encouranging thoughts. http://whointheworldisnellie.blogspot.com/
            Could you keep us in the loop?
            Many thanks!
            Penny Geer

          • Cathy

            You go Bill! Thanks for standing up. We’re all truly devastated by this latest turn of events, but still hoping that someday we too will be a part of the Loreto Community. Our hearts go out to the Loreto townspeople and Loreto Bay employees and contractors who’s lives have also been turned upside down.
            I do know that the HO of Loreto Bay are some of the most compassionate, friendly, (and smart) people I’ve ever been lucky enough to meet. We don’t deserve this Citi crap, but because we’re a strong community, we will build an even better Loreto Bay. As Nellie said, like the Phoenix, we will rise from the ashes.

            Cathy

      • Marsha

        Thanks for you comments Bill..We are all tired of being bashed by the Gringos in Loreto, like they can’t share the beauty..

      • Rodrigo Arriaga

        Way to go Bill, I totally support you on this one, this is not the time to act that way, a lot of people are experiencing a devastating experience and everything they need at this moment is comprehension and full support.

    • peter boddy

      what bill doyle says sums up this ignorant attitude exactly.

    • Deborah Scanlon

      Pam,
      I am disappointed by your comments. And I don’t appreciate being the target of them as a ‘salesperson for Loreto Bay’. I have always acted with integrity and my love of Loreto and it’s people (LB & local) is huge. I’ve been coming there for a long time as you know. Many of the sales professionals of the former LBC are homeowners as well and share the same feelings about this unique place. I especially think about my dear local friends in Loreto who’s livelihoods are evaporating just like mine. I’ve sat back feeling numb, but just couldn’t let this one pass.

      • Alexandra

        Deborah. No one should be blaming you at all. You have just as much invested in Loreto Bay with all of your years of hard work for everyone (homeowners as well as local businesses owners). We all have friends in Loreto, whom have become like family to us and it has been a very rough few days for everyone. However, instead of getting caught up in all of the rumors and some people’s petty negativity, we should all be doing something more proactive. I have been in contact with investors (both US and Internationally). At this point, what I need to know, is whom should I direct potential purchaser to? I need one contact person. Thanks.

        Regards,

        Alexandra

    • Rich Rajacich

      I don’t know who Pam Bolles is, but her cynical attitude is something I have sensed in other gringo ex-pats in Loreto. They seem to hope and pray that Loreto Bay will fail–what kind of person takes such perverse pleasure in the misfortunes of others? I agree with Bill Doyle 100%–it was a truly cold hearted thing to say. Hey Pam, whoever you are, I know some people at Loreto Bay that are sick, so you can feel extra good about how badly things are going for them!

      • John P.

        Rich your not missing anything. She owns a fishing business. Most of us town folk what Loreto Bay to do well. There are many Busineses in town that depend on Loreto Bay. Just like in the U.S. there are many bitter & jealous People. On behalf of many town people we hope this is just a bump in the road. Our hearts & prayers go out to all of you.

        • Rich Rajacich

          John–unlike Pam, I am not going to paint the Loreto people with a broad brush. I got emails today from people like you that reminded me that there are indeed a lot of wonderful people in Loreto. I very much appreciate your response. Loreto Bay will eventually pull out of this mess, and I look forward to being your neighbor for many years to come.

  • sara faulkner homeow

    the only way we will get through this is together.<br />
    we are smart, capable people who will have to develop some flexibility in dealing with the unknown. <br />
    the small minded comments &quot;i told you so&quot; do nothing to support the anguish of the people who have worked for 40+ years to live the dream of Mexico.<br />
    we are all anxious about how this will impact our futures. let's pull together not let fractious anger shatter our community.<br />
    Sara

  • David Veniot

    As the former VP for Sustainability at Loreto Bay, I have stayed in touch with the project from time to time, as I have always believed in its immense potential to be a truly unique eco village resort. This news is sad indeed, but I hope only a temporary misfortune that will pass with the recession. I remain optimistic that a new group of investors will eventually share the vision and take the leap. In these troubled economic times, sustainability makes more sense than ever.

    My concern right now, though, is for the homeowners who find themselves in an unfair limbo. Remember, you are the heart of Loreto Bay. You are the community. You have endured considerable challenges. This, too, shall pass.

    David Veniot

    • Tom Linnen

      Jan and I live in Loreto Bay full time but that does not mean we have any answers to questions.

      However it is 9:00AM Sunday and I just walk over to Loreto Bay Inn and they are operating as normal.

      The attendant at the front desk says he is receiving calls questioning whether Loreto Bay Inn is closing but that was the first he heard about it.

      Tom Linnen

      • David Veniot

        One of the admin staff just informed me that the Inn was closing today.

  • Wilf Erickson

    Rob Haines:<br />
    <br />
    Thank you for your information and comments re the Loreto Bay shut-down.<br />
    <br />
    We are in Sub-Regime &quot;A&quot; of Founders' Neighbourhood, Casa FN 40 – the very first cluster, and do not recognise the name Robert Ortola.<br />
    <br />
    Could you please kindly advise what functions he may be able to provide under these new circumstances and how we may contact him?<br />
    <br />
    Thank you for your kind co-operation.<br />
    <br />
    WILF ERICKSON

  • Bill Doyle

    Pam, love ya sweetie, but what a truly shitty thing to say. Do you think people need you to tell them how smart you are, and how dumb they are? Peoples lives may be financially devastated, and you come to the funeral to trash the dead? Do you think this kind of comment will help your business? I have referred probably 20 fishing trips to you in the last three years. No more, and in fact I will start to actively market against you. I am tired of your crappy &quot;I hate Loreto Bay and I told you so&quot; attitude. A sincere apology for your stupid and heartless comment would go a long way to repairing some feelings here. Get with it, girl.

  • David Veniot

    Well said Bill. Many of these homeowners bought into a vision. It was sincere. It was the right vision…imagine the place today in the hands of the typical Cabo developer. I shudder to think. The homeowners trusted this vision and the business people behind it. A convoluted cascade of events took place to cause the eventual downfall of the project, which is by no means the fault of the homeowners or any one person. casting blame is easy. Finding solutions and staying strong during tough times is not. I am glad you are still there.

  • Tom Linnen

    Jan and I live in Loreto Bay full time but that does not mean we have any answers to questions.

    However it is 9:00AM Sunday and I just walk over to Loreto Bay Inn and they are operating as normal.

    The attendant at the front desk says he is receiving calls questioning whether Loreto Bay Inn is closing but that was the first he heard about it.

    Tom Linnen

  • Bob Patenaude

    Hi Bob,<br />
    <br />
    Thanks for your on the scene reporting. We are also thinking of leaving property management. Would you be so kind as to forward contact info for Robert Ortola? Thanks much.<br />
    <br />
    Bob Patenaude

  • Bob Patenaude

    Hi Bob,<br />
    <br />
    Thanks for your on the scene reporting. We are also thinking of leaving property management. Would you be so kind as to forward contact info for Robert Ortola? Thanks much.<br />
    <br />
    Bob Patenaude

  • sharon ferris

    right on Sara ! Thank you for your excellent response ! We do need to pull together and at the same time ignore those with negative thoughts . We'll need to muster all the positive thoughts and actions we can muster in the coming days.

  • sharon ferris

    right on Sara ! Thank you for your excellent response ! We do need to pull together and at the same time ignore those with negative thoughts . We'll need to muster all the positive thoughts and actions we can muster in the coming days.

  • Marsha

    Thanks for you comments Bill..We are all tired of being bashed by the Gringos in Loreto, like they can't share the beauty..

  • Marsha

    Thanks for you comments Bill..We are all tired of being bashed by the Gringos in Loreto, like they can't share the beauty..

  • David Veniot
  • David Veniot
  • John P.

    We should all want Loreto to do well!!!

  • John P.

    We should all want Loreto to do well!!!

  • Pat R.

    Bill,<br />
    Bless your heart! So well said…..

  • Susan Fielder

    I don't know you but would love to know what is going on if this is all true about operations closing down. What happens to other homeowners whose homes are not completed but paid for. Do you know. Please let me know. We have a condo in the Posada del Norte.. Thanks

  • Pat Lillo

    Loreto Bay has been and will continue to be our &quot;dream&quot;. We all just need to stay positive and see what we can do together to get through this.

  • Rob Haines

    I am in Loreto Bay right now. I walked over to the Inn and they are closing today. The Inn is placing the customers staying there in to different hotels starting tonight. This is according to the desk people.So far it sounds like all hospitality will shut down, the inn, pool, golf course, etc. It should not have any bearing on our HOAs.

    We have decided to leave property management and will be using Robert Ortola from now on. He is taking on some more customers for anyone interested in a more personal and reliable manager.

    • Wilf Erickson

      Rob Haines:

      Thank you for your information and comments re the Loreto Bay shut-down.

      We are in Sub-Regime “A” of Founders’ Neighbourhood, Casa FN 40 – the very first cluster, and do not recognise the name Robert Ortola.

      Could you please kindly advise what functions he may be able to provide under these new circumstances and how we may contact him?

      Thank you for your kind co-operation.

      WILF ERICKSON

    • Teresa Dalton

      Rob Haines-

      We are closing soon on FN 372, we would like to get some property management services set up before closing, could you please forward me the the contact information for Robert Ortola.

      Thanks so much,
      Teresa Dalton

    • Pat Lillo

      Susan – We took possession of FN#373 in December and just actually closed a week ago, so our casa is complete.

    • Susan Fielder

      replied

  • J Alley

    Kyle..sorry to hear about Loreto Bay and your honeymoon plans. Here are two other sites you may inquire about so you will still be able to enjoy your honeymoon…<a href="http://www.lascabanasdeloreto.com&quot; target="_blank"><a href="http://www.lascabanasdeloreto.com</a>&quot; target="_blank">www.lascabanasdeloreto.com</a></a> and <a href="http://www.lamisionloreto.com..Both" target="_blank"><a href="http://www.lamisionloreto.com..Both</a>" target="_blank">www.lamisionloreto.com..Both</a></a> compare to the Inn at Loreto Bay.

  • Dulce Inzunza

    Yes, we all want Loreto do well!!!<br />
    because a lot of families depends on the proyect

  • sara faulkner homeowners

    the only way we will get through this is together.
    we are smart, capable people who will have to develop some flexibility in dealing with the unknown.
    the small minded comments “i told you so” do nothing to support the anguish of the people who have worked for 40+ years to live the dream of Mexico.
    we are all anxious about how this will impact our futures. let’s pull together not let fractious anger shatter our community.
    Sara

  • sara faulkner homeowners

    the only way we will get through this is together.
    we are smart, capable people who will have to develop some flexibility in dealing with the unknown.
    the small minded comments “i told you so” do nothing to support the anguish of the people who have worked for 40+ years to live the dream of Mexico.
    we are all anxious about how this will impact our futures. let’s pull together not let fractious anger shatter our community.
    Sara

  • sara faulkner homeowners

    the only way we will get through this is together.
    we are smart, capable people who will have to develop some flexibility in dealing with the unknown.
    the small minded comments “i told you so” do nothing to support the anguish of the people who have worked for 40+ years to live the dream of Mexico.
    we are all anxious about how this will impact our futures. let’s pull together not let fractious anger shatter our community.
    Sara

    • sharon ferris

      right on Sara ! Thank you for your excellent response ! We do need to pull together and at the same time ignore those with negative thoughts . We’ll need to muster all the positive thoughts and actions we can muster in the coming days.

  • Kyle M

    Thanks J Alley! I appreciate it. I have already started looking at La Mision.<br />
    <br />
    I hope things go well for everyone. We are so excited to visit Loreto for the first time.

  • Kyle M

    Thanks J Alley! I appreciate it. I have already started looking at La Mision.<br />
    <br />
    I hope things go well for everyone. We are so excited to visit Loreto for the first time.

  • Wilf Erickson

    Rob Haines:

    Thank you for your information and comments re the Loreto Bay shut-down.

    We are in Sub-Regime “A” of Founders’ Neighbourhood, Casa FN 40 – the very first cluster, and do not recognise the name Robert Ortola.

    Could you please kindly advise what functions he may be able to provide under these new circumstances and how we may contact him?

    Thank you for your kind co-operation.

    WILF ERICKSON

  • Wilf Erickson

    Rob Haines:

    Thank you for your information and comments re the Loreto Bay shut-down.

    We are in Sub-Regime “A” of Founders’ Neighbourhood, Casa FN 40 – the very first cluster, and do not recognise the name Robert Ortola.

    Could you please kindly advise what functions he may be able to provide under these new circumstances and how we may contact him?

    Thank you for your kind co-operation.

    WILF ERICKSON

  • Loni Kao Stark

    Just got back from Napa and catching up on discussions. <br />
    <br />
    In case you haven't seen this, here is the letter from Bob Toubman, Administrator, Loreto Bay Condominium Services. <br />
    <br />
    ============<br />
    <br />
    Loreto Condominium Services S. en C. por A de C.V.<br />
    350 Paseo Mision De Loreto<br />
    Nopolo, Loreto, BCS<br />
    June 7, 2009<br />
    <br />
    Dear Owner:<br />
    <br />
    As you know by now from the communication from Alavarez & Marsal, the intention of the owner regarding Loreto Bay is clear. The obvious questions are what does this mean and how can an owner best ensure that their investment is protected to the greatest extent possible.<br />
    <br />
    The legal status of the Condominium Regimes is clearly defined in the Rules & Regulations and exists whether or not any specific owner/developer is in place or in fact even in absence of an ownership entity. The Condo Regimes will continue to provide the current services and we will remain focused on increasing the value to the owners through the quality of services provided.<br />
    <br />
    We are prepared to exercise all the rights of the office of the Administrator to assist and represent the owners to ensure that all legal, financial, and other obligations relating to the Regimes are met so that your property is protected, secure, and maintained in order to protect the value of your investment to the greatest extent possible. We have already taken steps which I will cover more fully in the next few days. <br />
    <br />
    I am meeting today with Alvarez & Marsal to discuss specifics of their plans and to understand more fully the impact on homeowners and the Condo Regimes. Tomorrow, I will be holding a conference call with the Common Representatives to the Master Regime to discuss this and other issues. <br />
    <br />
    A common question I am getting is in regards to keys. Keys to homes will be made available through the Condo Regime Security office which is staffed every day 24 hours a day.<br />
    <br />
    I am committed to regular communication with all owners to ensure that they are informed as to what is going on and what we in the Condo Regime Office of the Administrator are doing on your behalf. <br />
    <br />
    As always, if you have questions, please do not hesitate to contact me.<br />
    <br />
    Bob Toubman<br />
    Administrator<br />
    Loreto Condominium Service

  • Loni Kao Stark

    Just got back from Napa and catching up on discussions. <br />
    <br />
    In case you haven't seen this, here is the letter from Bob Toubman, Administrator, Loreto Bay Condominium Services. <br />
    <br />
    ============<br />
    <br />
    Loreto Condominium Services S. en C. por A de C.V.<br />
    350 Paseo Mision De Loreto<br />
    Nopolo, Loreto, BCS<br />
    June 7, 2009<br />
    <br />
    Dear Owner:<br />
    <br />
    As you know by now from the communication from Alavarez & Marsal, the intention of the owner regarding Loreto Bay is clear. The obvious questions are what does this mean and how can an owner best ensure that their investment is protected to the greatest extent possible.<br />
    <br />
    The legal status of the Condominium Regimes is clearly defined in the Rules & Regulations and exists whether or not any specific owner/developer is in place or in fact even in absence of an ownership entity. The Condo Regimes will continue to provide the current services and we will remain focused on increasing the value to the owners through the quality of services provided.<br />
    <br />
    We are prepared to exercise all the rights of the office of the Administrator to assist and represent the owners to ensure that all legal, financial, and other obligations relating to the Regimes are met so that your property is protected, secure, and maintained in order to protect the value of your investment to the greatest extent possible. We have already taken steps which I will cover more fully in the next few days. <br />
    <br />
    I am meeting today with Alvarez & Marsal to discuss specifics of their plans and to understand more fully the impact on homeowners and the Condo Regimes. Tomorrow, I will be holding a conference call with the Common Representatives to the Master Regime to discuss this and other issues. <br />
    <br />
    A common question I am getting is in regards to keys. Keys to homes will be made available through the Condo Regime Security office which is staffed every day 24 hours a day.<br />
    <br />
    I am committed to regular communication with all owners to ensure that they are informed as to what is going on and what we in the Condo Regime Office of the Administrator are doing on your behalf. <br />
    <br />
    As always, if you have questions, please do not hesitate to contact me.<br />
    <br />
    Bob Toubman<br />
    Administrator<br />
    Loreto Condominium Service

  • Teresa Dalton

    Rob Haines-<br />
    <br />
    We are closing soon on FN 372, we would like to get some property management services set up before closing, could you please forward me the the contact information for Robert Ortola.<br />
    <br />
    Thanks so much,<br />
    Teresa Dalton

  • Maribeth Clark

    Can you give me Robert's email address so i can contact him regarding management.<br />
    <br />
    Maribeth Clark<br />
    FN 553

  • Maribeth Clark

    Can you give me Robert's email address so i can contact him regarding management.<br />
    <br />
    Maribeth Clark<br />
    FN 553

  • John P.

    We should all want Loreto to do well!!!

  • John P.

    We should all want Loreto to do well!!!

  • John P.

    We should all want Loreto to do well!!!

  • John P.

    We should all want Loreto to do well!!!

  • Susan Fielder

    Hi Pat, It is so unimaginable and truly a shame. I can't tell you how many times we have felt it was not right. We in good faith as did many others paid our dues so to speak financially and to have this happen is beyond. So please keep me posted as will I you and keep the faith. Is yours all finished. Our building is just a shell. Yikes. Susan

  • J Alley

    Kyle..sorry to hear about Loreto Bay and your honeymoon plans. Here are two other sites you may inquire about so you will still be able to enjoy your honeymoon…www.lascabanasdeloreto.com and http://www.lamisionloreto.com..Both compare to the Inn at Loreto Bay.

    • Kyle M

      Thanks J Alley! I appreciate it. I have already started looking at La Mision.

      I hope things go well for everyone. We are so excited to visit Loreto for the first time.

  • Dulce Inzunza

    Yes, we all want Loreto do well!!!
    because a lot of families depends on the proyect

  • Dulce Inzunza

    Yes, we all want Loreto do well!!!
    because a lot of families depends on the proyect

  • Dulce Inzunza

    Yes, we all want Loreto do well!!!
    because a lot of families depends on the proyect

  • Kyle M

    Thanks J Alley! I appreciate it. I have already started looking at La Mision.

    I hope things go well for everyone. We are so excited to visit Loreto for the first time.

  • Kyle M

    Thanks J Alley! I appreciate it. I have already started looking at La Mision.

    I hope things go well for everyone. We are so excited to visit Loreto for the first time.

  • Bill Doyle

    Pam, love ya sweetie, but what a truly shitty thing to say. Do you think people need you to tell them how smart you are, and how dumb they are? Peoples lives may be financially devastated, and you come to the funeral to trash the dead? Do you think this kind of comment will help your business? I have referred probably 20 fishing trips to you in the last three years. No more, and in fact I will start to actively market against you. I am tired of your crappy “I hate Loreto Bay and I told you so” attitude. A sincere apology for your stupid and heartless comment would go a long way to repairing some feelings here. Get with it, girl.

    • Marsha

      Thanks for you comments Bill..We are all tired of being bashed by the Gringos in Loreto, like they can’t share the beauty..

    • David Veniot
    • Penny and Nick Geer

      Hi Bill
      I have been reading the progress of the emails on this site with interest. We are owners of a 70 percent finished house in Agua Viva (129) and were devastated by the news. However, we have been checking the Club Loreto site and it seems that there a many people saying “Hang in there – things are not as bad as they seem”. What do you think? we love everything about Loreto Bay, the people, the concept and the climate and are really looking forward to being there. I did check into Nellie Hutchinson’s blog and it contained some interesting and encouranging thoughts. http://whointheworldisnellie.blogspot.com/
      Could you keep us in the loop?
      Many thanks!
      Penny Geer

  • Just got back from Napa and catching up on discussions.

    In case you haven’t seen this, here is the letter from Bob Toubman, Administrator, Loreto Bay Condominium Services.

    ============

    Loreto Condominium Services S. en C. por A de C.V.
    350 Paseo Mision De Loreto
    Nopolo, Loreto, BCS
    June 7, 2009

    Dear Owner:

    As you know by now from the communication from Alavarez & Marsal, the intention of the owner regarding Loreto Bay is clear. The obvious questions are what does this mean and how can an owner best ensure that their investment is protected to the greatest extent possible.

    The legal status of the Condominium Regimes is clearly defined in the Rules & Regulations and exists whether or not any specific owner/developer is in place or in fact even in absence of an ownership entity. The Condo Regimes will continue to provide the current services and we will remain focused on increasing the value to the owners through the quality of services provided.

    We are prepared to exercise all the rights of the office of the Administrator to assist and represent the owners to ensure that all legal, financial, and other obligations relating to the Regimes are met so that your property is protected, secure, and maintained in order to protect the value of your investment to the greatest extent possible. We have already taken steps which I will cover more fully in the next few days.

    I am meeting today with Alvarez & Marsal to discuss specifics of their plans and to understand more fully the impact on homeowners and the Condo Regimes. Tomorrow, I will be holding a conference call with the Common Representatives to the Master Regime to discuss this and other issues.

    A common question I am getting is in regards to keys. Keys to homes will be made available through the Condo Regime Security office which is staffed every day 24 hours a day.

    I am committed to regular communication with all owners to ensure that they are informed as to what is going on and what we in the Condo Regime Office of the Administrator are doing on your behalf.

    As always, if you have questions, please do not hesitate to contact me.

    Bob Toubman
    Administrator
    Loreto Condominium Service

  • Just got back from Napa and catching up on discussions.

    In case you haven’t seen this, here is the letter from Bob Toubman, Administrator, Loreto Bay Condominium Services.

    ============

    Loreto Condominium Services S. en C. por A de C.V.
    350 Paseo Mision De Loreto
    Nopolo, Loreto, BCS
    June 7, 2009

    Dear Owner:

    As you know by now from the communication from Alavarez & Marsal, the intention of the owner regarding Loreto Bay is clear. The obvious questions are what does this mean and how can an owner best ensure that their investment is protected to the greatest extent possible.

    The legal status of the Condominium Regimes is clearly defined in the Rules & Regulations and exists whether or not any specific owner/developer is in place or in fact even in absence of an ownership entity. The Condo Regimes will continue to provide the current services and we will remain focused on increasing the value to the owners through the quality of services provided.

    We are prepared to exercise all the rights of the office of the Administrator to assist and represent the owners to ensure that all legal, financial, and other obligations relating to the Regimes are met so that your property is protected, secure, and maintained in order to protect the value of your investment to the greatest extent possible. We have already taken steps which I will cover more fully in the next few days.

    I am meeting today with Alvarez & Marsal to discuss specifics of their plans and to understand more fully the impact on homeowners and the Condo Regimes. Tomorrow, I will be holding a conference call with the Common Representatives to the Master Regime to discuss this and other issues.

    A common question I am getting is in regards to keys. Keys to homes will be made available through the Condo Regime Security office which is staffed every day 24 hours a day.

    I am committed to regular communication with all owners to ensure that they are informed as to what is going on and what we in the Condo Regime Office of the Administrator are doing on your behalf.

    As always, if you have questions, please do not hesitate to contact me.

    Bob Toubman
    Administrator
    Loreto Condominium Service

  • Just got back from Napa and catching up on discussions.

    In case you haven’t seen this, here is the letter from Bob Toubman, Administrator, Loreto Bay Condominium Services.

    ============

    Loreto Condominium Services S. en C. por A de C.V.
    350 Paseo Mision De Loreto
    Nopolo, Loreto, BCS
    June 7, 2009

    Dear Owner:

    As you know by now from the communication from Alavarez & Marsal, the intention of the owner regarding Loreto Bay is clear. The obvious questions are what does this mean and how can an owner best ensure that their investment is protected to the greatest extent possible.

    The legal status of the Condominium Regimes is clearly defined in the Rules & Regulations and exists whether or not any specific owner/developer is in place or in fact even in absence of an ownership entity. The Condo Regimes will continue to provide the current services and we will remain focused on increasing the value to the owners through the quality of services provided.

    We are prepared to exercise all the rights of the office of the Administrator to assist and represent the owners to ensure that all legal, financial, and other obligations relating to the Regimes are met so that your property is protected, secure, and maintained in order to protect the value of your investment to the greatest extent possible. We have already taken steps which I will cover more fully in the next few days.

    I am meeting today with Alvarez & Marsal to discuss specifics of their plans and to understand more fully the impact on homeowners and the Condo Regimes. Tomorrow, I will be holding a conference call with the Common Representatives to the Master Regime to discuss this and other issues.

    A common question I am getting is in regards to keys. Keys to homes will be made available through the Condo Regime Security office which is staffed every day 24 hours a day.

    I am committed to regular communication with all owners to ensure that they are informed as to what is going on and what we in the Condo Regime Office of the Administrator are doing on your behalf.

    As always, if you have questions, please do not hesitate to contact me.

    Bob Toubman
    Administrator
    Loreto Condominium Service

  • Just got back from Napa and catching up on discussions.

    In case you haven’t seen this, here is the letter from Bob Toubman, Administrator, Loreto Bay Condominium Services.

    ============

    Loreto Condominium Services S. en C. por A de C.V.
    350 Paseo Mision De Loreto
    Nopolo, Loreto, BCS
    June 7, 2009

    Dear Owner:

    As you know by now from the communication from Alavarez & Marsal, the intention of the owner regarding Loreto Bay is clear. The obvious questions are what does this mean and how can an owner best ensure that their investment is protected to the greatest extent possible.

    The legal status of the Condominium Regimes is clearly defined in the Rules & Regulations and exists whether or not any specific owner/developer is in place or in fact even in absence of an ownership entity. The Condo Regimes will continue to provide the current services and we will remain focused on increasing the value to the owners through the quality of services provided.

    We are prepared to exercise all the rights of the office of the Administrator to assist and represent the owners to ensure that all legal, financial, and other obligations relating to the Regimes are met so that your property is protected, secure, and maintained in order to protect the value of your investment to the greatest extent possible. We have already taken steps which I will cover more fully in the next few days.

    I am meeting today with Alvarez & Marsal to discuss specifics of their plans and to understand more fully the impact on homeowners and the Condo Regimes. Tomorrow, I will be holding a conference call with the Common Representatives to the Master Regime to discuss this and other issues.

    A common question I am getting is in regards to keys. Keys to homes will be made available through the Condo Regime Security office which is staffed every day 24 hours a day.

    I am committed to regular communication with all owners to ensure that they are informed as to what is going on and what we in the Condo Regime Office of the Administrator are doing on your behalf.

    As always, if you have questions, please do not hesitate to contact me.

    Bob Toubman
    Administrator
    Loreto Condominium Service

  • Pat Lillo

    Susan – We took possession of FN#373 in December and just actually closed a week ago, so our casa is complete.

  • Pat Lillo

    Susan – We took possession of FN#373 in December and just actually closed a week ago, so our casa is complete.

  • sebastian

    I just put up a member only blog page for Loreto Bay Homeowners, for those who want to communicate only with those who are in the same boat so to speak. I and a friend have a place under construction … well not any more … in Agua Viva. U can send me an email at spinoza@gmail.com if u want to be part of the blog. If someone has already done something similar and gotten traction … I'd like to join.

  • Loni Kao Stark

    Sebastian – There is a site for homeowners, Club Loreto Bay (<a href="http://www.clubloretobay.com)." target="_blank"><a href="http://www.clubloretobay.com).</a>" target="_blank">http://www.clubloretobay.com).</a></a> <br />
    <br />
    For any homeowners that are not part of this site yet, please do join as this is a critical time to make sure we are as informed as we can be. <br />
    <br />
    – Loni

  • Lissa

    Kyle,<br />
    <br />
    We have a home in Loreto if you like to be our guests. For information, please email me.

  • Penny and Nick Geer

    Hi Bill<br />
    I have been reading the progress of the emails on this site with interest. We are owners of a 70 percent finished house in Agua Viva (129) and were devastated by the news. However, we have been checking the Club Loreto site and it seems that there a many people saying &quot;Hang in there – things are not as bad as they seem&quot;. What do you think? we love everything about Loreto Bay, the people, the concept and the climate and are really looking forward to being there. I did check into Nellie Hutchinson's blog and it contained some interesting and encouranging thoughts. <a href="http://whointheworldisnellie.blogspot.com/&quot; target="_blank"><a href="http://whointheworldisnellie.blogspot.com/</a>&quot; target="_blank">http://whointheworldisnellie.blogspot.com/</a></a&gt; <br />
    Could you keep us in the loop?<br />
    Many thanks!<br />
    Penny Geer

  • Penny and Nick Geer

    Hi Bill<br />
    I have been reading the progress of the emails on this site with interest. We are owners of a 70 percent finished house in Agua Viva (129) and were devastated by the news. However, we have been checking the Club Loreto site and it seems that there a many people saying &quot;Hang in there – things are not as bad as they seem&quot;. What do you think? we love everything about Loreto Bay, the people, the concept and the climate and are really looking forward to being there. I did check into Nellie Hutchinson's blog and it contained some interesting and encouranging thoughts. <a href="http://whointheworldisnellie.blogspot.com/&quot; target="_blank"><a href="http://whointheworldisnellie.blogspot.com/</a>&quot; target="_blank">http://whointheworldisnellie.blogspot.com/</a></a&gt; <br />
    Could you keep us in the loop?<br />
    Many thanks!<br />
    Penny Geer

  • Teresa Dalton

    Loni-<br />
    What is the procedure for signing up for the homeowners website? I'd like to sign up.

  • Teresa Dalton

    Loni-<br />
    What is the procedure for signing up for the homeowners website? I'd like to sign up.

  • Deborah Scanlon

    Pam,<br />
    I am disappointed by your comments. And I don't appreciate being the target of them as a 'salesperson for Loreto Bay'. I have always acted with integrity and my love of Loreto and it's people (LB &amp; local) is huge. I've been coming there for a long time as you know. Many of the sales professionals of the former LBC are homeowners as well and share the same feelings about this unique place. I especially think about my dear local friends in Loreto who's livelihoods are evaporating just like mine. I've sat back feeling numb, but just couldn't let this one pass.

  • Deborah Scanlon

    Pam,<br />
    I am disappointed by your comments. And I don't appreciate being the target of them as a 'salesperson for Loreto Bay'. I have always acted with integrity and my love of Loreto and it's people (LB &amp; local) is huge. I've been coming there for a long time as you know. Many of the sales professionals of the former LBC are homeowners as well and share the same feelings about this unique place. I especially think about my dear local friends in Loreto who's livelihoods are evaporating just like mine. I've sat back feeling numb, but just couldn't let this one pass.

  • peter boddy

    what bill doyle says sums up this ignorant attitude exactly.

  • peter boddy

    what bill doyle says sums up this ignorant attitude exactly.

  • Pat Lillo

    Susan – We took possession of FN#373 in December and just actually closed a week ago, so our casa is complete.

  • Pat Lillo

    Susan – We took possession of FN#373 in December and just actually closed a week ago, so our casa is complete.

  • Jon Brooks

    Hi, we own FN234. Just curious if the new pool across from the Inn will still be open and maintained. Any info there? Thanks!

  • Jon Brooks

    Hi, we own FN234. Just curious if the new pool across from the Inn will still be open and maintained. Any info there? Thanks!

  • Al Graichen

    Richard (Sub Regime F) has summed up (below) the conversation we had with Bob Toubman earlier today rather well. the important item for each Sub Regime is that each will continue to operate even if there was no management company since they are legal entities in Mexico.<br />
    <br />
    In addition A &amp; M has hired a separate security company to handle the Inn, Golf Club and Tennis facility. They are expected to be on site tomorrow.<br />
    <br />
    As more information is known about the situation it will be published by Bob t to the homeowners.<br />
    <br />
    Al Graichen<br />
    <br />
    —–Original Message—–<br />
    From: Club Loreto Bay [mailto:mail@clubloretobay.com] <br />
    Sent: Monday, June 08, 2009 1:30 PM<br />
    To: agraichen@sbcglobal.net<br />
    Subject: Quick update from Master Regime Cttee Phone Meeting: LB SubR F – Lots 209-211; 220-247; 250-256; 260-276; 280-288;<br />
    <br />
    A message from Richard Simmons to all members of LB SubR F – Lots 209-211; 220-247; 250-256; 260-276; 280-288; on Club Loreto Bay!<br />
    <br />
    I've just got off the phone from the phone meeting between Bob Toubman and the master condo regime delegates. I'll post up my notes ASAP, and Bob T will circulate the official one a bit later today. Meanwhile, to answer the most immediate questions….. <br />
    <br />
    Bob told us that Loreto Condominium Services and Property Management are gone. The functions, but not the liabilities, will (subject to HOA ratification) be assumed by the new Condo Regime Management and Property Management. I gather that some/most of the personnel will transfer over. Functions such as security and waste management will be provided through contractors who have been selected. Bob T wanted to get the message out that there is continuity in all these services so not to put that immediate concern to rest.<br />
    <br />
    These new entities are set up, managed and co-owned by a partnership of Bob T and Rodolfo. There are also efforts going on to form a company that will continue/finish the construction of homes that are under way in AV.<br />
    <br />
    Note : This is a brief summary of part of the meeting, from my notes. Please don't take it as 100% checked until the delegates compare notes!<br />
    <br />
    — Rich Simmons

  • sebastian

    I just put up a member only blog page for Loreto Bay Homeowners, for those who want to communicate only with those who are in the same boat so to speak. I and a friend have a place under construction … well not any more … in Agua Viva. U can send me an email at spinoza@gmail.com if u want to be part of the blog. If someone has already done something similar and gotten traction … I’d like to join.

    • Sebastian – There is a site for homeowners, Club Loreto Bay (http://www.clubloretobay.com).

      For any homeowners that are not part of this site yet, please do join as this is a critical time to make sure we are as informed as we can be.

      – Loni

      • Teresa Dalton

        Loni-
        What is the procedure for signing up for the homeowners website? I’d like to sign up.

  • Rob Haines

    Robert Ortola can be reached at Custom Resources;<br />
    USA Cell: 562-685-6362<br />
    Mexico Cell: 52-(1)-613-117-2070<br />
    E-mail; robert.ortola@yahoo.com<br />
    <br />
    Robert was in procurement for a couple years with LBC, understands and knows most of the products, appliances, etc. that went into the units, who installed them, and so on. He speaks excellent spanish and knows everyone in Loreto. He also knows whos good at what they do and who to stay away from.<br />
    <br />
    His basic services are the same as LBC peoperty Mgmt's are. he will pay all the utilities, taxes, trust, etc. He actually copies you on utilities so you know exactly what your water, electric is monthly. He does a weekly walk-through checks sprinklers, toilets, leaks… and schedules landscaping and HVAC service as needed, not every month. He also check before storms to make sure everything is buttoned-up and then does a post storm walk-through for damage, water problems, and will schedule any need repairs. For special projects,ie. finding a garbage dispoal and installation, chnage locks, etc. he finds the product schedules the right installer and oversees the work. He charges a fee of $80.00 / hr for special services. He can send you a copy sheet of his services and fees. Today, he was at the Golf Club trying to get some of the owners clubs for them soo they would not disappear.<br />
    <br />
    We plan to have Robert and Security for our Cond-Regime be the ONLY people with any access to our unit.<br />
    <br />
    Rob Haines<br />
    <br />
    Rob Haines

  • Alfonso Stevens

    I wouldn't trust Bob Toubman's words, he is main responsible of the current situation of the Loreto Bay project, now he wants to start a company claiming that he has the knowledge to operate a Property Management Service company, I feel sorry for the people who trust him to provide such service to their homes. I am sorry Bob but you bring this to yourself, you lack the knowledge or skills to manage this project and here are the results.<br />
    Really it is completely strange to read some good comments about him and the job he has done at Loreto Bay, he is completely useless, Bob now that the golen egg goose is dead you are trying to get more money from the homeowners? please do us a favour and go back to Scottsdale and try to scam other people.

  • Rodrigo Arriaga

    It is nice to see familiar faces on this forum, too bad it is not under the best circumstances at this point, I am deeply sorry to see what happened to Loreto Bay project, I left the project in May 2007 and 2 years later it seems that it's been shut down. As far as I know the hotel has already sent all the guests to hotels in downtown and I know Loreto Bay will let go the rest of the staff, I understand the concern of probably all the homeowners with the uncertainty of what is going to happen now, at this point I would like to recommend Armando Dominguez from Nuevo Loreto who has done an excellent job downthere, all the homes that he has built are in perfect shape and he always delivered on time. He would be more than happy to help any homeowner with the property management, he is already there and has the people and skills to provide such service, I have no doubt of his capability and integrity and this is why I want to post his info.<br />
    <br />
    Armando Dominguez<br />
    Phone 613 1352478<br />
    Cellphone 613 1110263<br />
    email doma_ga@hotmail.com

  • Teresa Dalton

    Loni-
    What is the procedure for signing up for the homeowners website? I’d like to sign up.

  • Rodrigo Arriaga

    Sorry I forgot to add his business email address as well as his website if anyone wants to check it out.<br />
    <br />
    Armando Dominguez<br />
    <br />
    armandod@cnuevoloreto.com<br />
    <br />
    <a href="http://www.cnuevoloreto.com&quot; target="_blank"><a href="http://www.cnuevoloreto.com</a>&quot; target="_blank">www.cnuevoloreto.com</a></a>

  • mario perez

    is good to hear from you rodrigo, is to bad to see a good proyect going hill down, when we work so hard to get all rigth, i hope people can understand the first administration was working properly, you and i where part of the that team, was slow but safe, tomorrow i will have a meeting with the goverment people talk about the issue, if some on is wondering what will talk can send a e-mail. multiserviciosloreto@hotmail.com , am very sad to see all this, you guy's need trust mexican people and we know how bussines run down here, hope hear from you rodrigo, good talking to you, if you want cal me my cel's # 0446131058935 0446131047973.

  • Al Graichen

    Richard (Sub Regime F) has summed up (below) the conversation we had with Bob Toubman earlier today rather well. the important item for each Sub Regime is that each will continue to operate even if there was no management company since they are legal entities in Mexico.

    In addition A & M has hired a separate security company to handle the Inn, Golf Club and Tennis facility. They are expected to be on site tomorrow.

    As more information is known about the situation it will be published by Bob t to the homeowners.

    Al Graichen

    —–Original Message—–
    From: Club Loreto Bay [mailto:mail@clubloretobay.com]
    Sent: Monday, June 08, 2009 1:30 PM
    To: agraichen@sbcglobal.net
    Subject: Quick update from Master Regime Cttee Phone Meeting: LB SubR F – Lots 209-211; 220-247; 250-256; 260-276; 280-288;

    A message from Richard Simmons to all members of LB SubR F – Lots 209-211; 220-247; 250-256; 260-276; 280-288; on Club Loreto Bay!

    I’ve just got off the phone from the phone meeting between Bob Toubman and the master condo regime delegates. I’ll post up my notes ASAP, and Bob T will circulate the official one a bit later today. Meanwhile, to answer the most immediate questions…..

    Bob told us that Loreto Condominium Services and Property Management are gone. The functions, but not the liabilities, will (subject to HOA ratification) be assumed by the new Condo Regime Management and Property Management. I gather that some/most of the personnel will transfer over. Functions such as security and waste management will be provided through contractors who have been selected. Bob T wanted to get the message out that there is continuity in all these services so not to put that immediate concern to rest.

    These new entities are set up, managed and co-owned by a partnership of Bob T and Rodolfo. There are also efforts going on to form a company that will continue/finish the construction of homes that are under way in AV.

    Note : This is a brief summary of part of the meeting, from my notes. Please don’t take it as 100% checked until the delegates compare notes!

    — Rich Simmons

  • Darin Kerby

    Obviously, we are all disappointed at the news we heard yesterday. I think we need to keep in perspective that we are dealing with one of the worst worldwide financial crises in modern day history. The banking system is still in disarray. Quite honestly, I don't believe at this time the banks are capable of discerning a good investment from bad. <br />
    <br />
    But I think one issue has not been addressed so far. Where is Fonatur's leadership in this critical moment? Here's an on camera quote in Loreto Bay's Sales DVD from the Director General of Fonatur, John McCarthy that should be mentioned — &quot;We have put 100% of our trust into the Trust for Sustainable Development. So, they are fully backed by the Federal Government and the State Government and the Municipal Government and you are in good hands with these people.&quot; <br />
    <br />
    Liability is one issue that may be addressed by the courts in the future, but at this point in time I believe what we are all looking for is bold, smart and timely leadership. <br />
    <br />
    What about it Fonatur? How about a 5 million dollar bridge loan to settle this situation down, and maybe restore trust where it is sorely needed? I don't have all the answers here, but I'm sure you could come up with a workable plan. <br />
    <br />
    Finally, if the Loreto Bay development becomes just another cautionary tale, individual investment in Mexico will stop for the foreseeable future. <br />
    <br />
    It's time for Fonatur to get involved. <br />
    <br />
    Lastly, and most importantly, the human cost in Loreto will be devastating if this situation continues; construction workers, taxi drivers, local business development, restaurants, fishing, tourism, will not soon recover. This situation is not about rich American and Canadian investors buying houses — it's about creating a vibrant, diverse local community that can be appreciated by all.<br />
    <br />
    Darin Kerby<br />
    Alexandra Kelly

  • Alfonso Stevens

    I wouldn’t trust Bob Toubman’s words, he is main responsible of the current situation of the Loreto Bay project, now he wants to start a company claiming that he has the knowledge to operate a Property Management Service company, I feel sorry for the people who trust him to provide such service to their homes. I am sorry Bob but you bring this to yourself, you lack the knowledge or skills to manage this project and here are the results.
    Really it is completely strange to read some good comments about him and the job he has done at Loreto Bay, he is completely useless, Bob now that the golen egg goose is dead you are trying to get more money from the homeowners? please do us a favour and go back to Scottsdale and try to scam other people.

  • Rodrigo Arriaga

    It is nice to see familiar faces on this forum, too bad it is not under the best circumstances at this point, I am deeply sorry to see what happened to Loreto Bay project, I left the project in May 2007 and 2 years later it seems that it’s been shut down. As far as I know the hotel has already sent all the guests to hotels in downtown and I know Loreto Bay will let go the rest of the staff, I understand the concern of probably all the homeowners with the uncertainty of what is going to happen now, at this point I would like to recommend Armando Dominguez from Nuevo Loreto who has done an excellent job downthere, all the homes that he has built are in perfect shape and he always delivered on time. He would be more than happy to help any homeowner with the property management, he is already there and has the people and skills to provide such service, I have no doubt of his capability and integrity and this is why I want to post his info.

    Armando Dominguez
    Phone 613 1352478
    Cellphone 613 1110263
    email doma_ga@hotmail.com

    • mario perez

      is good to hear from you rodrigo, is to bad to see a good proyect going hill down, when we work so hard to get all rigth, i hope people can understand the first administration was working properly, you and i where part of the that team, was slow but safe, tomorrow i will have a meeting with the goverment people talk about the issue, if some on is wondering what will talk can send a e-mail. multiserviciosloreto@hotmail.com , am very sad to see all this, you guy’s need trust mexican people and we know how bussines run down here, hope hear from you rodrigo, good talking to you, if you want cal me my cel’s # 0446131058935 0446131047973.

      • Rodrigo Arriaga

        hey Mario it is good to hear from you as well, I understand your concern Loreto is your hometown. I hope things will be fine for you as well. I will write down your cellphone please send my regards to everyone :) I may see you pretty soon.

  • Rodrigo Arriaga

    Sorry I forgot to add his business email address as well as his website if anyone wants to check it out.

    Armando Dominguez

    armandod@cnuevoloreto.com

    http://www.cnuevoloreto.com

  • Deborah Scanlon

    Pam,
    I am disappointed by your comments. And I don’t appreciate being the target of them as a ‘salesperson for Loreto Bay’. I have always acted with integrity and my love of Loreto and it’s people (LB & local) is huge. I’ve been coming there for a long time as you know. Many of the sales professionals of the former LBC are homeowners as well and share the same feelings about this unique place. I especially think about my dear local friends in Loreto who’s livelihoods are evaporating just like mine. I’ve sat back feeling numb, but just couldn’t let this one pass.

    • Deborah Scanlon

      Alexandra,
      Email me at deborahs@casaloretobay.com with your number and I will call. I assume at this point still the mos appropriate contact is Scott Montell the gerneral counsel for LB.

  • Darin Kerby

    Obviously, we are all disappointed at the news we heard yesterday. I think we need to keep in perspective that we are dealing with one of the worst worldwide financial crises in modern day history. The banking system is still in disarray. Quite honestly, I don’t believe at this time the banks are capable of discerning a good investment from bad.

    But I think one issue has not been addressed so far. Where is Fonatur’s leadership in this critical moment? Here’s an on camera quote in Loreto Bay’s Sales DVD from the Director General of Fonatur, John McCarthy that should be mentioned — “We have put 100% of our trust into the Trust for Sustainable Development. So, they are fully backed by the Federal Government and the State Government and the Municipal Government and you are in good hands with these people.”

    Liability is one issue that may be addressed by the courts in the future, but at this point in time I believe what we are all looking for is bold, smart and timely leadership.

    What about it Fonatur? How about a 5 million dollar bridge loan to settle this situation down, and maybe restore trust where it is sorely needed? I don’t have all the answers here, but I’m sure you could come up with a workable plan.

    Finally, if the Loreto Bay development becomes just another cautionary tale, individual investment in Mexico will stop for the foreseeable future.

    It’s time for Fonatur to get involved.

    Lastly, and most importantly, the human cost in Loreto will be devastating if this situation continues; construction workers, taxi drivers, local business development, restaurants, fishing, tourism, will not soon recover. This situation is not about rich American and Canadian investors buying houses — it’s about creating a vibrant, diverse local community that can be appreciated by all.

    Darin Kerby
    Alexandra Kelly

    • Rodrigo Arriaga

      Darin at this point I am not sure how can the Mexican Goverment be responsible of the sole actions of the investors, they provided all the facilities to TSD so they could be succesful, the investors received a magnificent place with a lot of support of the Goverment to develop this land, unfortunately as you mentioned above we are facing one of the biggest financial crisis in history plus the fact that a lot of mistakes were done down the road that created a financial problem for the original investors,that’s when they decided to sale this project, I know that because I was there, a lot of mistakes were done due the lack of experience of the developers and the people they hired to do the job. during the period I worked there as Senior Project Manager delivered several risk analysis reports plus the corresponding contingency plans in 2005 and 2006 informing about the situation, so the information was there it is just that they were too stubborn to see the reality. Given that I never signed any confidenciality agreement I am in the position to express this because I believe Mexican Goverment shall not be appointed as responsible of this situation because as I said before they provided all the help to make this project succesful.
      I am deeply sorry to hear about what has happened because a lot of people’s dreams have been shattered, personally I am really dissapointed about this fiasco because I worked there I invest a lot of effort to make it work and because I care about Loreto.
      I hope things will get clearer every day for the homeowners which have been affected in a big way and maybe not to my entire comprehension.

  • Rodrigo Arriaga

    Darin at this point I am not sure how can the Mexican Goverment be responsible of the sole actions of the investors, they provided all the facilities to TSD so they could be succesful, the investors received a magnificent place with a lot of support of the Goverment to develop this land, unfortunately as you mentioned above we are facing one of the biggest financial crisis in history plus the fact that a lot of mistakes were done down the road that created a financial problem for the original investors,that's when they decided to sale this project, I know that because I was there, a lot of mistakes were done due the lack of experience of the developers and the people they hired to do the job. during the period I worked there as Senior Project Manager delivered several risk analysis reports plus the corresponding contingency plans in 2005 and 2006 informing about the situation, so the information was there it is just that they were too stubborn to see the reality. Given that I never signed any confidenciality agreement I am in the position to express this because I believe Mexican Goverment shall not be appointed as responsible of this situation because as I said before they provided all the help to make this project succesful.<br />
    I am deeply sorry to hear about what has happened because a lot of people's dreams have been shattered, personally I am really dissapointed about this fiasco because I worked there I invest a lot of effort to make it work and because I care about Loreto.<br />
    I hope things will get clearer every day for the homeowners which have been affected in a big way and maybe not to my entire comprehension.

  • cindi

    &quot;Here&rsquo;s an on camera quote in Loreto Bay&rsquo;s Sales DVD from the Director General of Fonatur, John McCarthy that should be mentioned &mdash; &ldquo;We have put 100% of our trust into the Trust for Sustainable Development&quot;<br />
    <br />
    1. John McCarthy is in jail with criminal charges of selling FONATUR land he shouldn't have sold.<br />
    2. There is no &quot;backing&quot; of the Mexican govt. and none was promised.<br />
    3. What else do you think FONATUR would have told a potential buyer of some land they were trying to unload for years?<br />
    4. The DVD was only part of the sales package – marketing hype – that LB, Grogan, Butterfield fed to you to induce you to buy into their vision.

  • Kyle M

    Lisa, you are so kind! We truly appreciate your offer of generosity. After I heard the news, I contacted La Mision Hotel and have since made reservations with them. If there is anything I need help or have questions with, I will be sure to let you know.<br />
    <br />
    Thanks again,<br />
    Kyle M

  • Rodrigo Arriaga

    hey Mario it is good to hear from you as well, I understand your concern Loreto is your hometown. I hope things will be fine for you as well. I will write down your cellphone please send my regards to everyone :) I may see you pretty soon.

  • Rich Rajacich

    I don't know who Pam Bolles is, but her cynical attitude is something I have sensed in other gringo ex-pats in Loreto. They seem to hope and pray that Loreto Bay will fail–what kind of person takes such perverse pleasure in the misfortunes of others? I agree with Bill Doyle 100%–it was a truly cold hearted thing to say. Hey Pam, whoever you are, I know some people at Loreto Bay that are sick, so you can feel extra good about how badly things are going for them!

  • Bill Doyle

    To Susan Fielder and all Posada Owners…<br />
    <br />
    Posada Sur owner Jerry Saik [ jerrysrx@syban.net ] is forming an alliance of Posada owners to discuss options. Please contact him, and encourage any other Posada owners know to get involved. You guys need to unite, and fast!<br />
    <br />
    BD

  • Rodrigo Arriaga

    Darin at this point I am not sure how can the Mexican Goverment be responsible of the sole actions of the investors, they provided all the facilities to TSD so they could be succesful, the investors received a magnificent place with a lot of support of the Goverment to develop this land, unfortunately as you mentioned above we are facing one of the biggest financial crisis in history plus the fact that a lot of mistakes were done down the road that created a financial problem for the original investors,that’s when they decided to sale this project, I know that because I was there, a lot of mistakes were done due the lack of experience of the developers and the people they hired to do the job. during the period I worked there as Senior Project Manager delivered several risk analysis reports plus the corresponding contingency plans in 2005 and 2006 informing about the situation, so the information was there it is just that they were too stubborn to see the reality. Given that I never signed any confidenciality agreement I am in the position to express this because I believe Mexican Goverment shall not be appointed as responsible of this situation because as I said before they provided all the help to make this project succesful.
    I am deeply sorry to hear about what has happened because a lot of people’s dreams have been shattered, personally I am really dissapointed about this fiasco because I worked there I invest a lot of effort to make it work and because I care about Loreto.
    I hope things will get clearer every day for the homeowners which have been affected in a big way and maybe not to my entire comprehension.

  • John P.

    Rich your not missing anything. She owns a fishing business. Most of us town folk what Loreto Bay to do well. There are many Busineses in town that depend on Loreto Bay. Just like in the U.S. there are many bitter &amp; jealous People. On behalf of many town people we hope this is just a bump in the road. Our hearts &amp; prayers go out to all of you.

  • Alexandra

    Deborah. No one should be blaming you at all. You have just as much invested in Loreto Bay with all of your years of hard work for everyone (homeowners as well as local businesses owners). We all have friends in Loreto, whom have become like family to us and it has been a very rough few days for everyone. However, instead of getting caught up in all of the rumors and some people's petty negativity, we should all be doing something more proactive. I have been in contact with investors (both US and Internationally). At this point, what I need to know, is whom should I direct potential purchaser to? I need one contact person. Thanks. <br />
    <br />
    Regards, <br />
    <br />
    Alexandra

  • cindi

    “Here’s an on camera quote in Loreto Bay’s Sales DVD from the Director General of Fonatur, John McCarthy that should be mentioned — “We have put 100% of our trust into the Trust for Sustainable Development”

    1. John McCarthy is in jail with criminal charges of selling FONATUR land he shouldn’t have sold.
    2. There is no “backing” of the Mexican govt. and none was promised.
    3. What else do you think FONATUR would have told a potential buyer of some land they were trying to unload for years?
    4. The DVD was only part of the sales package – marketing hype – that LB, Grogan, Butterfield fed to you to induce you to buy into their vision.

  • Rich Rajacich

    John–unlike Pam, I am not going to paint the Loreto people with a broad brush. I got emails today from people like you that reminded me that there are indeed a lot of wonderful people in Loreto. I very much appreciate your response. Loreto Bay will eventually pull out of this mess, and I look forward to being your neighbor for many years to come.

  • Deborah Scanlon

    Alexandra,<br />
    Email me at deborahs@casaloretobay.com with your number and I will call. I assume at this point still the mos appropriate contact is Scott Montell the gerneral counsel for LB.

  • Mike Robinson

    I agree with your comments completely Rodrigo, and want to be clear that what I wrote is only my opinion and not &quot;the truth&quot;. Bob worked very hard I am sure, and perhaps he too was best with upper management problems. What's done is done I suppose and it has been a learning experience for many. Graduate students of sustainable development will have a rich research trove should they study the unfolding of Loreto Bay. Where did a project with so much potential get derailed? And what can be done to get it back on track?<br />
    <br />
    I will always cherish my time in Loreto and I have been back twice in the 20 months since I worked there, and plan on returning as soon as I can. The project brought, and continues to bring some amazing and wonderful people together, employees and homeowners. <br />
    <br />
    Mike

  • Miguel Hernandez

    These rough times are not the end, but the beginning of a new chapter in the story of Loreto and Nopol&oacute;. Beyond of debates, I am appreciative for the opportunity I had to coexist and learn with wonderful and talented Loretanos. With wisdom and good will, this community will rise again.<br />
    <br />
    Miguel

  • Mike Robinson

    As one of the hundreds of former employees of LBC it pains me to see the project grind to a halt. But it is not particularly surprising. In my opinion LBC was grossly mismanaged by a cadre of alpha males incapable of cooperation with one another. Each department leader worked to achieve his own ends but those ends were not defined with the best interests of the project in mind. Also with so many departments and divisions the company developed the “team island” phenomenon. This is where a team functions well internally, but operates at odds with the other “teams” in play. LBC was a textbook example of this and many other organizational dysfunctions. Lack of cultural sensitivity must qualify as one of these dysfunctions.

    I must agree with Alfonso about “Teflon” Toubman. I think that guy makes Machiavelli look like an amateur. Almost universally loathed within the company when I worked there he remains, somehow slipping like a ghost from one portfolio to another, always ready to cast blame with his pink slip in hand, yet curiously taking no responsibility himself for the project’s success (or lack thereof). When I was there he was Director of Operations – Mexico and the project was in freefall, bleeding from innumerable wounds, many of them the result of BAD communications and a disconnect between the employees and management. Coincidence?

    When I first arrived in Loreto Bay my first thought was, “Where are all the hippies?” I affectionately refer to “green-minded and green-living” individuals of all backgrounds. The kind that work more for the project than the profits. Instead I found a bunch of slick corporate types who gave lip-service to sustainability and integration in Mexican culture. Sales girls with boob-jobs, miniskirts and manicures. Hardly the back-to-the-land, hardworking green idealists I had hoped to find….

    The truth is that sustainability involves having less, not more, but that has traditionally been a
    tough message to sell. We were told we could have it all and save the planet, but that is a greenwash.

    The project can be salvaged but it is going to need leaders who have the respect of the employees and homeowners. And that involves rolling up the sleeves, working hard for a modest income and leading by example, not by authority.

    I have probably said too much already! Reading and writing this has made me reflect on the working relationships and friendships I had, and how much they meant to me. I am angry that so many quality people were hired, just to be fired as a scapegoat to managements ineptitude. i am angry that so many well-intentioned homeowners were lied to, led along or may have suffered financially. I am angry that so much money went to highly-paid consultants instead of hard-working craftspeople. I am angry that such a great vision came to such an ignominious end. And I am angry that in my time there I was unable to rectify some of these issues… the powerless limbo of middle management being what it is….

    Thanks for hearing my rant!

    Best luck to all and to Loreto in general

    Mike

    • Rodrigo Arriaga

      Hi there Mike I think you have pointed a lot of interesting things although I wouldn’t like to point someone in particular given that they are not capable of defending themselves, God knows that “Teflon” Toubman is not my favorite guy, I could mention stories about what I lived interacting with him during the 3 years that I spent at LB, but it is better to not speak of people not present in the room. I specially agree with you Loreto Bay is definitely a case to be deeply studied, during the years I worked there I ran into a lot of things that definitely shall not be done in any project (upper management), actually I wrote an essay when I left the project in 2007 comparing it with the best practices shown at the PMBoK 3rd edition, to me the most valuable thing that I learned during the time that I worked for LB is that if you are noticing than the upper management is not listening to your advices even when you are providing real facts about the things not being done properly, you have 2 Master’s, + 12 years of experience in Construction and instead they are listening to some goofy asumptions about what shall be done being done by some “Lawyer”, “Physician”, “CAD Drawing Technician”, etc., most of them with VP titles in their business cards, it is better to step aside and move on with your life because that project is definitely not for you, which I learned to late by the way.
      At the end I am thankful to the Loreto Bay project because it was a great experience for me both personal and professional, I learned a lot of things (mostly what definitely shall not be done) and I met a lot of friends that will remain friends for a lifetime.
      I feel sorry for a lot of friends that are now about to loose their job and as well for the homeowners that bought a home following a dream and at this moment they are experiencing a nightmare, I hope there will be another investor with enough vision to continue the project which is really a great project. At this point I wish you all nothing but the best.

      Rodrigo

      • Mike Robinson

        I agree with your comments completely Rodrigo, and want to be clear that what I wrote is only my opinion and not “the truth”. Bob worked very hard I am sure, and perhaps he too was best with upper management problems. What’s done is done I suppose and it has been a learning experience for many. Graduate students of sustainable development will have a rich research trove should they study the unfolding of Loreto Bay. Where did a project with so much potential get derailed? And what can be done to get it back on track?

        I will always cherish my time in Loreto and I have been back twice in the 20 months since I worked there, and plan on returning as soon as I can. The project brought, and continues to bring some amazing and wonderful people together, employees and homeowners.

        Mike

  • Miguel Hernandez

    These rough times are not the end, but the beginning of a new chapter in the story of Loreto and Nopoló. Beyond of debates, I am appreciative for the opportunity I had to coexist and learn with wonderful and talented Loretanos. With wisdom and good will, this community will rise again.

    Miguel

  • Jane Lurie

    I can appreciate that those of you who worked on LB staff, and have had negative experiences that have had a profound effect on you, imagine that this is the natural end to a project with some very poor business and human relations problems. But as a homeowner who has been in our home for 1 1/2 years I can assure that the dream isn’t dead for us…we live it every day that we are there..and that’s been true when even more dust was blowing around, when instead of birds we heard the familiar tap, tap, tapping of hammers, when we heard about a lawsuit affecting our neighborhood, when we had leaks in our living room during the storms, when wave after wave of rumors swept over us and then when some of them proved to be true.

    This will sound crazy to anyone who isn’t a homeowner, who hasn’t experienced this. But we have already created the community that we dreamed of..and that’s true of my friends whose AV homes aren’t completed yet too. We are a community, we know how to have fun and we know how to support each other. Those of you who love Loreto Bay take heart. This is no time for a funeral. Loreto Bay, and we are Loreto Bay, will emerge from all of this.

    The true tragedy here is the loss of work for our dear friends who have worked so hard for us in the company, and I know every homeowner can name several who have gone out of their way to help them, and the loss to the local businesses already suffering from the economic and swine flu crisises. We can only hope that this will get resolved in time to bring most of those who have been laid off back to Loreto Bay, before they head off to find work elsewhere.

    Jane Lurie
    FN203

    • David Veniot

      Very well said Jane. Loreto Bay is far from dead. I know there are partners and investors looking very closely at the project. I wouldn’t be suprised if a new owner was in place by the end of the year. I only hope that whoever takes the helm can embrace the basic principles of sustainability, starting with genuine respect for the Loretano culture and society. Of highest importance must be a viable plan for affordable housing for the many Mexican workers drawn to the project. If lessons are to be learned from the failures, let this be a big one. As Loreto Bay homes sold and real estate prices soared in Loreto, the option of cheap land for affordable housing projects vanished. Homeowners should know this and insist that any new deal with FONATUR include sufficient pockets of land for employee housing, with proper water and sewage infrastructure. Otherwise, you’ll see the rise of slums, poor health and crime, with distinct “have” and “have not” sectors in Loreto’s society to match those of Cabo. This will destroy the dream and the paradise that is Loreto. It is certainly not too late. It can all be done right, and a fresh start is on the horizon.

      • geoff ward

        Nice spin David…..obviously you haven’t been to the other side of Miramar lately ……the slum,crime and poor health has existed there for the past 3 years …..take your blinders off man !!!!

  • Juan Talancon

    Hi, <br />
    I arrived to Loreto since last week, I am looking for home with furnitures, for me is better in Loreto Bay because is closer to my work, located in Ensenada Blanca. I need to rent the house for 3 months firts, begining on June 15, 2009. Please, contact me if you know anybody. Urgent !!!!

  • Marie

    I know someone who has a small furnish studio. Do you have a phone # for contact?

  • Karen HIckman

    Juan,<br />
    <br />
    Our Casa Chica in Loreto Bay is furnished with everything you need. Please contact Steve Martin ( my partner) in the US at 858-449-7006, or please send me your phone number.

  • Karen Hoffman/Robert

    This is so very sad. I feel so badly for everyone invovled. We also have a condo in the Posada Norte, and would be interested to find out what happens now.

  • Nellie Hutchison

    Hi Bob, <br />
    <br />
    I have been here since the very beginning as a homeowner in 2003 and working as part of the Senior Management team at Loreto Bay until June 2006; and a full time business person in Loreto since then. I am starting a property management company because it is time for a change!! There are some great independents working here, but they will soon be overwhelmed by this latest announcement. For more information please go to my blog. Thanks, Nellie<br />
    <a href="http://whereintheworldisnellie.blogspot.com/&quot; target="_blank"><a href="http://whereintheworldisnellie.blogspot.com/</a>&quot; target="_blank">http://whereintheworldisnellie.blogspot.com/</a></a&gt;

  • Juan Talancon

    Hi,
    I arrived to Loreto since last week, I am looking for home with furnitures, for me is better in Loreto Bay because is closer to my work, located in Ensenada Blanca. I need to rent the house for 3 months firts, begining on June 15, 2009. Please, contact me if you know anybody. Urgent !!!!

    • Marie

      I know someone who has a small furnish studio. Do you have a phone # for contact?

    • Karen HIckman

      Juan,

      Our Casa Chica in Loreto Bay is furnished with everything you need. Please contact Steve Martin ( my partner) in the US at 858-449-7006, or please send me your phone number.

    • Pat

      Juan – our new Bohemia #373 with two bedrooms plus an office with a sleeper is also available to rent. You may reach me at patlillo@yahoo.com.

  • Johnson Murphy

    ITs no suprise to me that this project shut down. I was always schetical that it could be pulled off. way to far away and too much money. i feel sorry for the people who bought here.

    • J.A.

      Just came back from Loreto, not too many people around for obvious reasons. Laid around the beach all day and evening, enjoyed the summer milky way at night, did some fishing, went into town and ate my fish and drank beer. Same thing I have always done there. Just couldn’t get internet service or a drink at the hotel….oh well.

      Please don’t feel too sorry for me.

  • Felicity O.

    Applause all around… but wait a minute…

    Having watched with great anxiety the events unfolding in the Loreto Bay project this past week, I am compelled to throw my perspective into the ring.
    Deciphering fact from fiction is one thing, but the unknowing homebuyers in Agua Viva may want to consider a few of the following observations before jumping into the arms of the proposal set forth by Beck and TCC.
    With applause I favor both Beck and TCC for providing an alliance and alternative game plan to somehow maintain momentum and construction in Agua Viva.
    Both of this companies have been in Loreto on the ground for about 2 and a half years now.
    They would be familiar with the successes and the failures of Founders Neighborhood et al.
    They would also be very familiar with the current contractors hired to build the homes in AV.
    Therefore one might ask “how or who decides which contractor will be performing the work necessary to finish my little casa in AV”? After all, there are possibly upwards of 10 different contractors currently chipping away in AV such as ACAR, GINAX, SICODI, RADCOSA, SAHUARO, SECO, FATIMA, etc. Some of these companies have been more succesful than others, some have been here many years and some not. The fact remains that some have not been held accountable in the past and could possibly be considered part of the reason the project hit “shut down” mode last week.
    One cannot but see a few flaws in the strategies of Beck’s Proposal. Respectfully, it was a concept hastily hatched in order to perhaps salvage their jobs. More specifically one should carefully consider the Sub-Headings as outlined in the proposal. Under Financial Management for example, are we to understand their general ledgers actually include a column for success and failures? Further, could “value engineer” really be translated into cutting corners and costs by installing inferior products? or could one construe “operating funds” in cash flow to be –robbing Peter to pay Paul? I suggest one looks closely at these statements.
    The schedule set forth of completing AV homes by December 31, 2009 seems perhaps a little ambitious. If one formulates that 100 homes would have to be finished by the above date, it would equal turn over of a single home every 1.5 days. Given that the project has averaged only 100 villages homes per year and perhaps 2 custom homes per year over the past 5 years – then one would have reason to be a little skeptical. Remeber there are only 6 months left in this year…
    The Warranty sounds great but what is it really? would anyone really receive warranty services in AV given that this service has already crashed in Founders? So many contractors subcontractors and service providers remain unpaid to this day for work provided in Founders resulting in voided warranty responsibilities or obligations.
    Enter TCC / The Construction Coach perhaps in their new found Gate Keeper Role…
    Hats off to the determination written in this sub-plot and in the words proclaimed by TCC in their introduction ( website ) calling for “true accountability” then maybe there is a formula here for success.
    Even though a company as this is unlikely to exist in North America, (as local goverment building regulatory bodies generally ensure correct building practices and issuance of permits to protect all phases of home construction); representing absenty homeowners from the north has become almost a necessity in the Baja within this project. If you need further testimony- ask the dozen or so custom home owners that actually occupy their homes 5 years in to this odyssey (hint: they all lived in Loreto or spent lengthy periods of time on the ground to oversee construction)
    As one delves further into “true accountability” – maybe one could suggest that TCC could independently verify Beck’s claim of being net $2.3 million dollars in arrears to contractors in AV…(Seems low if you belive the individual claimants)
    In summary, one must not forget at least a portion of the phrase that launched this entire project… … “Tread lightly” …as you will only “Live fully ” if you demand transparent accountability and honor amongst men, where it has not been evident before.

    But.. wait a minute… finally I must applaud Mr. TCC in his reference to the Indian word “Nopolo” and its nests of vipers. This begs the question-“have you erradicated them or just thrown a blanket over their nest”?

    (Note: This writer has no financial interest in AV but wishes you well in your quest to revive your project)

  • David Veniot

    Mirimar existed long before Loreto Bay came to town. It grew somewhat, I am sure, due to the arrival of workers from around Mexico who had no affordable housing….workers for Loreto Bay and other developments in the area (and there are other developments). Mirimar is still small compared to the slums of Cabo and Puerto Vallarta and other Mexican resort towns that built without any long-term sustainable affordable housing plan.

    My point is clear. Anyone who takes over the Loreto Bay project must do so with a viable affordable housing plan in place. This was my greatest frustration as Sustainability VP. the cards were dealt before I joined the company, and it was an uphill battle all the way. I pray it does not happen again.

  • Rodrigo Arriaga

    I strongly recommend you to check Armando's website <a href="http://www.cnuevoloreto.com&quot; target="_blank"><a href="http://www.cnuevoloreto.com</a>&quot; target="_blank">www.cnuevoloreto.com</a></a> he has been a General Contractor for more than 10 years in Cabo San Lucas and he has been working in Loreto for at least 4 years, so if you are not completely sure about the facts please refrain yourself from providing information that is unaccurate.<br />
    <br />
    Bests

  • TH

    Look if you are looking for property management make sure The people you hire have some experience neither of the 3 options talked about have any construction or maintenance experience at all.

    • Rodrigo Arriaga

      I strongly recommend you to check Armando’s website http://www.cnuevoloreto.com he has been a General Contractor for more than 10 years in Cabo San Lucas and he has been working in Loreto for at least 4 years, so if you are not completely sure about the facts please refrain yourself from providing information that is unaccurate.

      Bests

  • TH

    He is in fact not the companys I was speaking about or was he mentioned in this blog

    • Rodrigo Arriaga

      Well indeed he was mentioned in this blog, actually you will find his contact info, that is why I replied to your previous comment.

  • Kevin

    Are we not talking about Mexico?<br />
    Why would we, as U.S. citizens, expect a huge community such as Loreto Bay, become a reality when much larger developments in the United States have failed! Banks have pulled funding on thousands of projects. Wouldn't all those retirement dollars be better used in the U.S. rather than used in a third world country whom could not care less about their own people!

  • Rodrigo Arriaga

    Interesting approach, now you are playing the racist card, I am thankful that not all the Americans are racists like you, the people of Mexico is not responsible about what happened at Loreto Bay, the goverment and people of Mexico provided all the facilities to make this project succesful, it is not Mexico's fault the lack or responsibility and management that caused the crisis at the United States, so &quot;Kevin&quot; if that is your real name please refrain from talking about Mexico and where should the money shall be spent, there are homeowners who still believe the project can be succesful and you should respect their will, period.

  • Rodrigo Arriaga

    Well indeed he was mentioned in this blog, actually you will find his contact info, that is why I replied to your previous comment.

  • mario perez

    kevin. before anything you has to ask mexican to forgive you, and then becareful what you say about mexican people, we alwasy help other contrys like usa, remember the mexican army cruss the border to help your people after the hurricane do you ever see the news how the people where next the road have the maxcan flag and the american flag was a honour how mexican army walk the other side of border with out weapons to help humanely, but you don't understend that because you are blind, mexicans we feel the people live ther are friends but also we are a family, is on other thing you never will understend, because you don't have family less friends.

  • David Veniot

    Kevin,…what a pathetic, ignorant and bigotted comment. Have you ever lived with or among Mexicans? shared in their culture and language? I have, and I know they are a wonderful, generous and caring people.

  • Kevin

    Are we not talking about Mexico?
    Why would we, as U.S. citizens, expect a huge community such as Loreto Bay, become a reality when much larger developments in the United States have failed! Banks have pulled funding on thousands of projects. Wouldn’t all those retirement dollars be better used in the U.S. rather than used in a third world country whom could not care less about their own people!

    • Rodrigo Arriaga

      Interesting approach, now you are playing the racist card, I am thankful that not all the Americans are racists like you, the people of Mexico is not responsible about what happened at Loreto Bay, the goverment and people of Mexico provided all the facilities to make this project succesful, it is not Mexico’s fault the lack or responsibility and management that caused the crisis at the United States, so “Kevin” if that is your real name please refrain from talking about Mexico and where should the money shall be spent, there are homeowners who still believe the project can be succesful and you should respect their will, period.

  • mario perez

    kevin. before anything you has to ask mexican to forgive you, and then becareful what you say about mexican people, we alwasy help other contrys like usa, remember the mexican army cruss the border to help your people after the hurricane do you ever see the news how the people where next the road have the maxcan flag and the american flag was a honour how mexican army walk the other side of border with out weapons to help humanely, but you don’t understend that because you are blind, mexicans we feel the people live ther are friends but also we are a family, is on other thing you never will understend, because you don’t have family less friends.

    • TH

      Hey Kevin you should come have a beer with me and the guys from immigration they may find your comments interesting. I have lived here for 5 years and this is by far the best country in north america to live in.

    • Bonnie

      ¡Qué precioso, su comentario, Mario! Gracias por defender a su país y a su gente. Tiene mucha razón. Ya es casi marzo de 2010. Nosotros tenemos preguntas sobre Loreto, porque lo hemos considerado como “casa segunda”. Nos interesa aún más un desarrollo en Ensenada, por estar más cerca de San Diego. Se llamaba Ventana al Mar, y luego Destinos. También se cerró, pero tiene todo la infraestructura hecho, y por estar por un bahía, es un lugar precioso, con mucho potencial. Si sabe de eso, o si tiene algún “update”, pues avísame. Atte, Bonnie Ochoa, e-mail Bonnie8a@earthlink.net

  • David Veniot

    Kevin,…what a pathetic, ignorant and bigotted comment. Have you ever lived with or among Mexicans? shared in their culture and language? I have, and I know they are a wonderful, generous and caring people.

  • Jona Willis

    Buenos Tardes!
    I have clients reserved to stay at the Inn at Loreto Bay, tomorrow! The hotel nor the wholesaler contacted us to let us know this resort had closed down, Is this property, the Inn , still closed??

  • geoff ward

    Buenas tardes

    Jona , the Inn has been closed since early June and remains closed as of this day .

    The local radio has been very vocal today claiming that a new buyer for the project has surfaced and that the Inn and Golf Course will be open Monday …..although it didn’t exactly say which Monday …….????

    If I am you then I am looking for alternate accommodation immediately…..