Weekly digest #23: SF Bay Area theater reviews, Loreto Bay ceases operation

    What a week! Our heads our still spinning, along with just about every other homeowner that purchased in Loreto Bay. Although not a surprise, yesterday’s terse announcement (Breaking News: Loreto Bay Baja resort, unable to find new buyer, suspends operations) was still a shot to the heart. And it seems like many of you feel the same. We’re in this together, and we’re confident that Loreto Bay will once again emerge, perhaps with a different, scaled-down vision. Perhaps after a bankruptcy that will clean the balance sheet, restructure capital, and eliminate debt obligations (such as late construction fees) that could make the development palatable to a buyer or investment syndicate.

    Those that enjoy Loreto adventure and spirit, will appreciate Al’s caravan from Loreto to San Francisco update.

    On the Theater and Arts scene, there was plenty to see and do. Check out reviews below from the past week on some of the great shows now playing at The San Jose Repertory Theater, City Lights, A.C.T. in San Francisco and San Jose Stage Company. No wonder the SF Bay area is the 3rd largest theater market in the US, there are so many high quality productions and talent here.

    Film, Stage, The Arts

    Loreto, Baja California Sur Mexico

    All Things Wine

    For the Birds

    Gadgets and Tech

    News and Editorial

    Green and Vegetable Gardening

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    • Jack Roberson

      There is one thing I'm wondering about with regard to the Loreto Bay TSD bankruptcy. Now, I've noticed that there is a lawsuit pending (probably more than one) against TSD for over 14 million dollars (from what I could glean from the article), plus unspecified compensatory damages. <br />
      <br />
      If TSD is bankrupt, and they lose this lawsuit,wouldn't the plaintiff (Baja Partners, I believe) be able to acquire the property which is held by TSD and which isn't owned by the homeowners? Then, wouldn't they be able to sell this property in pieces to recover the money they would be owed if they won their lawsuit? Wouldn't this include the Loreto Inn, the golf course, attached grounds, etc., plus the land where the other thousands of homes were to be built? <br />
      <br />
      Also, if anyone were to buy the development before the lawsuit(s) are resolved, wouldn't the buyer assume all responsibility for the project, including the legal liabilities for the pending lawsuits, etc. How could any buyer make any money off the project if they had to pay off the debts and lawsuits which already encumber the project? <br />
      <br />
      Please, don't anyone misinterpret my remarks to mean that I don't sympathize with the awful situation which buyers/homeowners in Loreto Bay find themselves in. I can just imagine how I would feel I I were in a similar predicament, and my heart goes out to all of these people.

    • Jack Roberson

      There is one thing I’m wondering about with regard to the Loreto Bay TSD bankruptcy. Now, I’ve noticed that there is a lawsuit pending (probably more than one) against TSD for over 14 million dollars (from what I could glean from the article), plus unspecified compensatory damages.

      If TSD is bankrupt, and they lose this lawsuit,wouldn’t the plaintiff (Baja Partners, I believe) be able to acquire the property which is held by TSD and which isn’t owned by the homeowners? Then, wouldn’t they be able to sell this property in pieces to recover the money they would be owed if they won their lawsuit? Wouldn’t this include the Loreto Inn, the golf course, attached grounds, etc., plus the land where the other thousands of homes were to be built?

      Also, if anyone were to buy the development before the lawsuit(s) are resolved, wouldn’t the buyer assume all responsibility for the project, including the legal liabilities for the pending lawsuits, etc. How could any buyer make any money off the project if they had to pay off the debts and lawsuits which already encumber the project?

      Please, don’t anyone misinterpret my remarks to mean that I don’t sympathize with the awful situation which buyers/homeowners in Loreto Bay find themselves in. I can just imagine how I would feel I I were in a similar predicament, and my heart goes out to all of these people.

    • Jack Roberson

      There is one thing I’m wondering about with regard to the Loreto Bay TSD bankruptcy. Now, I’ve noticed that there is a lawsuit pending (probably more than one) against TSD for over 14 million dollars (from what I could glean from the article), plus unspecified compensatory damages.

      If TSD is bankrupt, and they lose this lawsuit,wouldn’t the plaintiff (Baja Partners, I believe) be able to acquire the property which is held by TSD and which isn’t owned by the homeowners? Then, wouldn’t they be able to sell this property in pieces to recover the money they would be owed if they won their lawsuit? Wouldn’t this include the Loreto Inn, the golf course, attached grounds, etc., plus the land where the other thousands of homes were to be built?

      Also, if anyone were to buy the development before the lawsuit(s) are resolved, wouldn’t the buyer assume all responsibility for the project, including the legal liabilities for the pending lawsuits, etc. How could any buyer make any money off the project if they had to pay off the debts and lawsuits which already encumber the project?

      Please, don’t anyone misinterpret my remarks to mean that I don’t sympathize with the awful situation which buyers/homeowners in Loreto Bay find themselves in. I can just imagine how I would feel I I were in a similar predicament, and my heart goes out to all of these people.