Santo Domingo.- The long awaited announcement by Venezuelan tycoon Gustavo Cisneros on the construction of an ambitious project in Dominican Republic’s northeast came today, called Tropicalia, at a cost US$2 billion.
He said it’s an ecological, sustainable tourism project located in Samaná Bay, Miches, El Seibo province, expected to become one of the Caribbean’s most exclusive tourism destinations and a force aimed at revitalizing the impoverished zone’s economy.
Speaking in the American Chamber of Commerce’s monthly luncheon in the presence of president Leonel Fernandez and numerous business leaders, Cisneros said his group will initially invest US$485 million during the first three years and from now on an additional US$1.5 billion in the next 20 years. “The final result will be measured with the creation of 3,000 short term jobs, 6,000 new ones in the medium term and 14,000 positions in the long term.”
The tycoon said his motivation to build Tropicalia was to materialize a socially and economically balanced project of tourism development, based on sustainability and cultural inclusion.
From: United States
There goes the natural beauty of the Samana area.
From: Puerto Rico, Oso Blanco Rio Piedras
on the contrary .What should be feared is the Cheeseball investor and scam artist .......Cisneros is to big to be short sighted he is looking at a long term sustainable investment for generations not a quick buck
From: Puerto Rico, Oso Blanco Rio Piedras
thank you Hugo for driving this man out of his own country with his initiative and capital
Written by: Lopez31, 30 Sep 2009 3:35 PM
From: United States
Are you guys kidding me? This initiative should be applauded! The positive economic impact will be felt for years to come impacting probably multiple generations of local residents. I welcome these kind of investments into our country. What does the natural beauty of samana area do for the unemployed local inhabitants who have family to feed. Two thumbs up to Leonel in bringing much needed investments.
Written by: xwill7, 30 Sep 2009 3:38 PM
From: United States, Chicago
Who are the jobs for? It better be for the local people
From: United States
Lopez, we have sung that song many a time and oft, every time some guy proposes to build a new hotel, or some such thing. what i want to see someone do is to show me economic data regarding the positive effects on the country. when i say positive, i mean NET POSITIVES! show me where the positives outweigh the negatives. no more simplistic anecdotes about Fuasto getting a job as a gardener in the new megabucks casino, when he had heretofore been unemployed. do people believe that the country does not lay out anything to get tourism. guys just come here with big hotels, and everybody becomes a chambermaid, or valet parker. what do we give up in the process, and is it worth it? it might be, but show me how!
From: Puerto Rico, Oso Blanco Rio Piedras
yes the locals will benefit but the inevitable change will come and things will never be the same .....But we will be the envy of the Caribbean ..with an improved standard of living ....hurry before Dread and Josean drive the investors into the sea with their pitch forks
From: United States
I have hope.
But when I look at what LF let his friend Segura do ($1 billion in debt), I’ll take a wait and see attitude.
From: United States
we will be the envy of the caribbean? envied by whom? and, who is "we"? and why would one island be envied by another? japan is far more advanced than we are , here, but i do not envy them. envy is irrational.
From: Dominican Republic, Dando pela en las 5 esquinas
like i said before
you need to stay ahead of development in DR nowdays, i own a couple of parcelas en sanchez and one in cabrera, and now that all this investment money is pouring in the value of my tierrita is going to increase and is likely i'll double my money
like rizzo said
thank you hugo chavez for Mr. cisneros, keep sending all those Oligarchs my way.
all venezuela needs right now is more russian weapons and nukes, they don't need money, they have socialism.
From: Puerto Rico, Oso Blanco Rio Piedras
they could also use Dread and his wacko ideas in Venezuela ......He can help Chavez dig up all the golf courses
From: Puerto Rico, Oso Blanco Rio Piedras
No Cheeseball here Dread yes we are the envy .South America's richest man is commending the strength of the DR's economy and the way the government has handled it. Venezuelan magnate Gustavo Cisneros also commented that the DR's current troubles with the tourism sector are linked to the current global financial difficulties and that tourism should pick up once the world economy starts to recover. Cisneros made these comments after leaving the Presidential Palace where he met with President Leonel Fernandez. According to Cisneros, the DR has a great investment climate, as do many nations in Latin America, because there is no war and no threat of terrorism. The Dominican economy has always worked well, has always grown, and has always been well-managed and well-planned, where the private sector has a strong role and government is a good guide, so the balance is excellent, which is reflected in the growth figures. Cisneros is a major investor in Casa de Campo and in the Miches area
Written by: Belly, 30 Sep 2009 5:54 PM
From: Dominican Republic, San Francisco and Houston,Texas
Well we can at least thank Hugo Chavez for something. Mr. Hugo just keep the great work that you are doing moving forward and Mr Cisnero would please invite the other friends of yours to visit here too they will also be welcomed.
From: Dominican Republic, Boycott Dominican Tourism
Real estate tycoons are losing money world wide.....
tourism is down...
I think this is just TALK......
What DR needs is more bed and breakfast places... with a more home feeling...
mixed with eco tourism...
Written by: josean, 30 Sep 2009 6:32 PM
From: United States
Another CAP CACA in the making!
PS
"South America's richest man is commending the strength of the DR's economy and the way the government has handled it."
WRONG!!!!!! as Usual!!!!!!!!!!!!!!
South America's richest man is not the Cisneros it is Carlos Slim Helu!
Lets be accurate as you pee all over yourself in defense of the people who keep Latin America in the Dark Ages.
http://www.forbes.com/lists/2006/10/WYDJ.htmlFrom: United States
Enrico offers this bit of rocket science, as usual
Gustavo Cisneros also commented that the DR's current troubles with the tourism sector are linked to the current global financial difficulties
for that insight, i beg to nominate him for the nobel prize.
Written by: antonio1, 30 Sep 2009 7:15 PM
From: Dominican Republic, Av Santa Rosa, La Romana
Their go the Gloom and Doom and culi cagaos criticizing an investment that will bring jobs to hundreds of families in Miche.
From: United States
i stand corrected. i withdraw that ideaof nominating Cisneros for nobel prize. i now wish to nominate antonio1, a man of sterling genuis, profound insights, and risible bons mots. and a dunce, to boot!
From: Puerto Rico, Oso Blanco Rio Piedras
josean your geography skills are lacking Mexico is in North America ....Your hero Hugo Chavez is in South America.......you and Dread can go and help him dig up all the golf courses
From: United States
as usual, useful and informative insights from Enrico, who, given his way, would turn the entire country into one big hotel and golf course playground for the wealthy, and give every dominican a job as chambermaid, and gardener. all the properties would be run by foreign overseers, with most of the money going to Europe and North America, because, you see, islanders have no real need for real jobs and real money. a bottle of presidente and a dancefloor are all them natives need. and a place to breed, of course. genteel, civilised first world types need 81 cents on the dollar of the tourist intake. they have to pay big bucks to refuel the Lear Jet these days. by the way, Enrico does not need to do this. it is almost like that already. he only wishes that he had had a greater hand in it.
Written by: josean, 30 Sep 2009 9:03 PM
From: United States
From the Rio Grande south it is Latin America and before the Yankees stole half of Méjico it was even a little further north.
But the point is Mr. Cisneros can park Mr. Slim’s Bentley form him, while you shine his shoes and Lie-onel Fernandez carries his suitcases!
Written by: josean, 30 Sep 2009 9:13 PM
From: United States
Now is King Midas a k a Cisneros doing this on his own or is he teaming up with the Savior of Cap Caca Donald “the bad hairpiece” Trump and St. Ranieri?
From: Dominican Republic
Anyone driven to Miches lately?
Between the washed out bridges and the minefield remains of what used to be a road, you best be driving a motorcycle with loads of travel.
Miches is one of my favourite retreats. It is in a very forgotten part ( aside from the drugrunners) of the country and is almost a country within the country, due to this remoteness.
Unfortunately this sounds like another La Perla development....talk big money, but that's about it. Seen too much of this lately. Time will tell, but the reality is, first a road has to be built. One that will support the equipment required for the building of the complex and eventually the first guests, who will be traveling about 2 hours on a good road from Punta Cana or La Romana.
Written by: josean, 30 Sep 2009 9:24 PM
From: United States
This the real reason the "honorable" Mr. Cisneros met with Lie-onel Fernandez , to read him the riot act, I mean to buy influence, I mean to lobby him, I mean all of the above:
The Dominican masses have lost the right to their national treasure, free and open beaches!
http://www.diariolibre.com/noticias_det.php?id=217626From: Puerto Rico, Oso Blanco Rio Piedras
North America: The third largest of the world's continents, most areas of the North American landmass is occupied by two of the world's most developed nations, the United States of America and Canada. The third major country occupying this continent is Mexico....................Josean like I said go help your buddy dig up the golf courses in Venezuela South America.......where Mr Cisneros is from .....Carlos Slim is North American ......
Written by: underpar, 30 Sep 2009 11:17 PM
From: Dominican Republic
I see our regular negative group is just sad and unhappy about life again!
Dreadlocks and Josean cannot understand the magnitude of 2 billion dollars.
I am pretty sure he can spend 2billion and still buy Cap Cana after if he needs
The man makes more sleeping in one night than dreadlocks will make in his life!
Congrats on the news Mr Cisneros
I love your passion1
could you please give Josean a job
Maybe he could wash your car or something simple
From: Puerto Rico, Oso Blanco Rio Piedras
underpar why are you being so unkind to Dread and Josean they are lefty whiners and cannot help themselves .....they were not born and are not living under Castro and have been complaining and whining about it ever since
From: Puerto Rico, Oso Blanco Rio Piedras
One of South America's most prominent businessmen oversees a diversified empire with interests in Venezuelan television stations, telecom outfits, local brewery Regional and Leones del Caracas baseball team. Has signed an agreement with China Central Television to distribute programming, including popular Latin American soap operas. Sold U.S. Spanish-language TV network Univision to a private equity consortium led by U.S. billionaire Haim Saban for $700 million in March 2007. Cisneros and his wife are familiar figures in high society, hobnobbing with former presidents, designers and fellow billionaires; George H.W. Bush is his fishing buddy. Boasts an extensive collection of Latin American art: one favorite is an Amazonian landscape by German artist Frank W. Post.
From: Puerto Rico, Oso Blanco Rio Piedras
Net Worth:$3.8 bil
Fortune:inherited and growing
Source:media
Age:63
Country Of Citizenship:Venezuela
Residence:Caracas
Industry:Media
Education:Babson College, Bachelor of Arts / Science,
Marital Status:married, 3 children
Written by: Lopez31, 1 Oct 2009 10:49 AM
From: United States
Dread, I completely understand your point about the majority of the wealth going to foreigners meanwhile dominicans are stuck with low paying jobs. But the majority of the dominican population are un educated and have no high level job skills, so until the population gets an upgrade in education they will be stuck in the side lines during major projects as the one above. The big picture here is that investments like these are welcomed because we are a capitalist nation and the positives outweight the negatives.
From: United States
Lopez I must agree with you, I went to Samana, and the locals were telling how amazing the new found tourism was to their province. They said before tourism, they were just scraping to get by. I guess its better to have something than nothing. Though, in the long term, I think the DR government should provide the general population with better education. I think there should be an incentive to drive engineering and IT programs in DR, this would help dramatically.
Written by: cejay, 1 Oct 2009 11:05 AM
From: United States, Miami, Florida
By the way, Carlos Slim is from Mexico "Central America" not South America
From: Tanzania, on the river to lake Taganyika with Kate
North America: The third largest of the world's continents, most areas of the North American landmass is occupied by two of the world's most developed nations, the United States of America and Canada. The third major country occupying this continent is Mexico....................Josean like I said go help your buddy dig up the golf courses in Venezuela South America.......where Mr Cisneros is from .....Carlos Slim is North American......Mexico is North America like NAFTA
Written by: josean, 1 Oct 2009 12:36 PM
From: United States
No not again!
From: Tanzania, on the river to lake Taganyika with Kate
Josean you will keep doing it until you get it right !
From: Dominican Republic
I think this is wonderful for that part of the island which is in sole need of fresh investments and sources of employment. I took trip out to Miches and El Seybo and they are beautiful places but full of poverty. I am not saying this will solve it all but atleast there will more jobs in the area which are needed.
From: Tanzania, on the river to lake Taganyika with Kate
We now need the great Rubirosa to check in to tell us how it is and put josean and Dread in their place ........Rubi come on down
From: Dominican Republic
When I say jobs I am not referring to construction jobs. I am referring to maids in the hotels, cooks, janitors, gardiners, taxis, talent show dancers, managers, clerks, reception desk operators, bartenders, waiter/waitresses, bell boys, electricians, plumers, arquitects, engineers, lawyers etc which are predominantly Dominican!
From: United States
ojedamagglio pitches in with this
When I say jobs I am not referring to construction jobs. I am referring to maids in the hotels, cooks, janitors, gardiners, taxis, talent show dancers, managers, clerks, reception desk operators, bartenders, waiter/waitresses, bell boys,
managers? how many managers of these hotels is Dominican? hey, ojeda, provide me with a statistic which enumerates the percentage of dominicans holding the six uppermost echelons of the hotel managerial totem pole. how many hotels are there, and how many are managed by dominicans? assistant managers? and so on, and so on, and so on. if you are going to rhapsodise the glorious benefits of tourism, when locals get to shine the managers Spanish shoes, then i have a problem with that. i offer no apologies to anyone when i refuse to gush with gratitude when gringo opens a resort and shows me his benevolence by giving me the job to take out the trash.
From: Dominican Republic, la Romana
yes EnricoRizzo when you say above.. hurry before Dread and Josean drive the the investor into the sea...... it is interesting to notice that these two subscribers use the same sentence structure , many identical phrases, have the same views , normally come on and write at the same time and are equally abusive to anything that they see as development ,With so much in common ,could it be suggested that they also use the same computer and live together.
Of course , everyone knows it is a wonderful thing that Señor Cizneros is investing so much into this country and as he lives here also for a large part of the year , I am more sure that he has regard for the people in this country than those hotel and sugar industry owners that live overseas. What does the country get out of this ..well for a start , hundreds of poor people will be much richer as they take the various jobs and those Dominicans that now have started to produce quality meat and vegetables will have another market
From: Dominican Republic, la Romana
The Government will get more money from the bed tax and even may introduce a small with holding tax on profits going abroad .
Señor Cisneros ..thank you very much
Written by: josean, 1 Oct 2009 3:16 PM
From: United States
"Written by: Ricardolito, 1 Oct 2009 3:12 PM
From: Dominican Republic, la Romana
yes EnricoRizzo when you say above.. hurry before Dread and Josean drive the the investor into the sea...... it is interesting to notice that these two subscribers use the same sentence structure , many identical phrases, have the same views , normally come on and write at the same time and are equally abusive to anything that they see as development ,With so much in common ,could it be suggested that they also use the same computer and live together."
Now the conspiracy theory!
From: United States
hey, Josean, be kind to Ricky Romana. the guy is still in peril of getting a parking ticket on his spaceship, which seems to be parked too near to a hydrant. by the way, Ricky, ever heard the term "leakage". and i do not mean the one that accompanies the clap. and, while you are resorting you your usual shuck and jive, duck and dodge motif, how about answering the question regarding the percentage of upper echelon jobs held by Dominicans? you see, Ricky, i am not like you. i do not throw a party when i enter into a deal with someone, and he gets the cake and i get the crumbs. i am not thankful for scraps. i am a personal friend of the late Bob ,Marley, and one of my favorite songs by him is "get up , stand up, stand up for your rights".that includes getting a fair shake from tourism, not 19 cents on the dollar, while the foreigners get 81 cents. i am not that easily gratified, thank you. and stop being simplistic and saying we should be grateful. so should the foreigners! if not for
From: United States
caribbean and other tropical locations, where would they put their hotels? you think that they are doing us a favor? dont be lulled into ignorance by listening to GC, aka FredCDobbs, aka EnricoRizzo, aka whatever. bad idea.
From: Tanzania, on the river to lake Taganyika with Kate
With several billion tourist dollars and euros flooding into the Dominican Republic every year, it is unsurprising perhaps that the standard of living for most Dominicans has improved markedly in recent years. The country's GDP per capita stands at over US$8200, and has been increasing steadily at just under 4% per year since the early nineties...............Do not listen to Dread or Josean they want to drive the investors into the ocean and dig up the golf courses
From: Dominican Republic, la Romana
Thank you Charlie ,,we have been going gangbusters for quite a few years now and even when many countries are in negative growth , the growth in GDP is positive......just
Written by: josean, 1 Oct 2009 4:28 PM
From: United States
Ricky,
I wouldn’t listen to anyone whose names ends in nut!
From: Dominican Republic
dread you bring up interesting questions which I do not have the answer to but I do know that there are many unskilled laborers in this location which would love to earn a living in a hotel as long as it is an honest job. Stats I do not have and neither do you (and if you do please share), but the point is that poor humble Dominicans will benefit with jobs in these resorts.
Written by: xwill7, 1 Oct 2009 4:52 PM
From: United States, Chicago
Ojeda,
but the hotel owners want the cheap illegal labor
From: United States
charlieallnut shovelling it real thich with this one
With several billion tourist dollars and euros flooding into the Dominican Republic every year, it is unsurprising perhaps that the standard of living for most Dominicans has improved markedly in recent years.
several billion tourist dollars? lke how many? like 4 billion per year, charlie? hmmm.. let's see. 4 billion is the value of the tourism product, not the amount that stays here. maybe we should look at where some goes
to foreign travel agents who sell the packages in foreign countries
to foreign owned airlines that fly the tourists here
to foreign management personnel, who expatriate the money to their countries of origin
to foreign suppliers of food, beverages, equipment, liquor, consultancy fees, and other ancillaries too numerous to mention. hence, when all that "leakage factor" is put into the equation, we get 19 cents on the dollar (at least up until last year.) and, i am tired of RickRomana
From: United States
chirping incessantly about how good things are becoming. i have numerous taxi driver friends in the capital, and most of them are driving the same old wrecks that they were driving 10 years ago. why don't you, Ricky, and Allnuts go tell them how great things are?
From: Tanzania, on the river to lake Taganyika with Kate
your taxi friends can go to Havana and compete with the Neurosurgeons who work for your buddy Fidel
From: United States
another insightful bons mot from AllNUTS. by the way, were you a cosponsor of the legislation to ban dominicans from the beaches in their own country?
From: Dominican Republic, la Romana
you see Joselocks although you are correct when you state much of the income goes to foreign travel agents , to foreign airlines, to foreign management , you suggest nothing to improve the situation.... all you do is be critical, all the time.
So you prefer to get nothing rather than 19 cents in the dollar for doing nothing ,you prefer the unemployed to stay that way rather than have jobs in the resorts
Yes I would like more money to stay in the DR , but 19 cents is better than nothing
From: Tanzania, on the river to lake Taganyika with Kate
BOGOTA, Sept 30 (Reuters) - Venezuelan magnate Gustavo Cisneros will build a $2 billion tourist resort in the Dominican Republic to be called The Tropicalia, a statement issued by Cisneros' business group said on Wednesday.
The Tropicalia project will create 3,000 jobs over the short term, 6,000 over the medium term and 14,000 over the long term, the statement said...................Hurry Dread hurry josean drive them into the sea with their crummy jobs.......who needs Gustavo and his investment anyway ......Give him the pitchfork abc the loon will assist you
Written by: josean, 2 Oct 2009 10:59 AM
From: United States
"La inversión inicial durante los primeros tres años será de US$485 millones y desde ese momento hasta los próximos 20 años se invertirán US$1,500 millones adicionales.'
The actual initial investment, if it ever happens will be 485 million; the rest may just turn into BS. Like 200,000 daily riders for the METRO and the solution to the traffic jam in Santo Calcutta!
Some people will just believe anything, especially if it suits the personal agenda of distortion.
http://www.listin.com.do/app/article.aspx?id=116611From: Tanzania, on the river to lake Taganyika with Kate
josean is bitter today as his friend Obama goes down the drain .....Obama better hurry and lift that Embargo before Gustavo and Fanjul talk him out of it on the golf course .....The left is going down the drain .....Thats change for you Josean ..............Cisneros is welcome in the DR
Written by: josean, 2 Oct 2009 1:26 PM
From: United States
Its only, maybe, possibly, let see, if and when, 485 million!
From: United States
you see, Ricardo, it is attitudes like yours which create people like Allnuts,in the first place..19 cents is better than nothing. and gringo knows that that is the mindset of some. so, soon they will give you 15 cents, and you will still be happy. this will progress to a logical extension by which you will soon be paying gringo to come here, and you will still rejoice, because he came. maybe somebody should take a stand and demand better. tell gringo that it is your landspace, your beach, your sunshine, your moonlit nights with wonderful sunsets, your great people, music, and food, and you want a fair shake. "get up, stand up,stand up for your rights".
From: Tanzania, on the river to lake Taganyika with Kate
Dread digs deep into his Acorn organizing skills to try to rouse the mob into arresting Senor Cisneros for trying to create 14000 gardeners and maids .......the nerve Drive the investors into the ocean We dont need their jobs
From: Dominican Republic, la Romana
Actually I was hoping that the bed tax could be raised a little , that a small withholding tax could be placed on profits made here by overseas owners and that the 19 to 25 cents made here would rise rather than fall ..I was also hoping that the tourists in this resort whom I think will be well healed would spend extra money while here ,,We need to more than just have the normal trashy tourist trinklets and may be a good art gallery would be an idea close by and other stores with readily and easily exported Dominican goods ...Just like in India when many visitors return to their homes with Persian carpets and also pewter
From: United States
there is a big difference between you and i , Allnuts. i belive that all men are CREATED equal. they might eventuate differently, but they are created equal. you hold to a belief that some men were made by God to be better than others, and, concomitanty, some were made to be worse. so, for you, some were ordained to be maids and gardeners, and servants to their betters. so, they should be grateful when their superiors allow them a job scraping the plate, after they have eaten the chateaubriand and caviar. i can't help you , Charlie. it's the way you were socialised
From: Tanzania, on the river to lake Taganyika with Kate
dread I was not socialized ....I worked for a living .....you want to redistribute someone else s money and get paid to do it .....not everyone can be apparatchiks in the commie party the workers have to do some thing ....you are in a very small group of extremists who think this is a bad thing
Written by: josean, 2 Oct 2009 4:18 PM
From: United States
Are you going for a world record or what?
Written by: Escott, 2 Oct 2009 7:59 PM
From: Dominican Republic, Cabrera and Sosua a few days a month
It never fails to amaze me how some think they have the right to require a private investor to justify his business plans with dopes here:) HOW ABSURD...
This is NOT a GOVERNMENT deal with TAXPAYER money that needs to be justified. "NOT that tat would ever happen here either" What really makes me laugh is "DREADLOCKS" who not only ISN'T Dominican with roots here but he doesn't even LIVE here. What a joke if it wasn't so STUPID it would be FUNNY.
I fail to understand how anyone here can take the PSUEDO INTELLECTUAL JOKER seriously about anything.
Written by: josean, 3 Oct 2009 2:11 PM
From: United States
Speaking of PSUEDO INTELLECTUAL JOKER , its BACK!
Written by: synapse, 3 Oct 2009 3:46 PM
From: United States
Trust me everyone, it is my business.
You can count on:
1. A generation has not been born yet that will see this project completed!
2. He may start it but the one that will finish it will be the one that buys it from his heirs for pennies on the dollar out of bankruptcy.
3. This is a ponzi scheme based on him and lenders putting matching funds based on real estate sales. Speculators money! And when the Speculators don't show up the party is over.
4. Too ambitious to succeed and has never ever succeeded yet.
5. After he sells Condo Hotel units to all his rich friends the project will fold.
6. Has no track record to attract lenders and won't put his personal guarantee's.
7. He will have to build an airport and buy some airlines to come in too.
8. This is pay back to LF for other favors.
9. He underestimates (like all) the costs.
10. Big projects on cheap land never work.
11. He will have to move all of Venezuelas rich refugees here to break even.
Written by: josean, 3 Oct 2009 6:58 PM
From: United States
Like I said synapse another CAP CACA or METRO!
Written by: josean, 4 Oct 2009 12:03 PM
From: United States
Right out of rightwing Republican weekend retreat with Sarah Falining and Glen Beck!
From: United States
the occasional public service reminder is back. yes folks, get your children to the page; show them the absurd musings of the sub-illiterate Escott, and remind them that they too will be this ignorant, if, like Escott, they withdraw from school in the 5th grade.
From: United States
ah, irony. the idiot Escott calls me a pseudo intellectual. pity he can't even spell it.
PSUEDO INTELLECTUAL JOKER
pitiful!
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I have hope.
But when I look at what LF let his friend Segura do ($1 billion in debt), I’ll take a wait and see attitude.
you need to stay ahead of development in DR nowdays, i own a couple of parcelas en sanchez and one in cabrera, and now that all this investment money is pouring in the value of my tierrita is going to increase and is likely i'll double my money
like rizzo said
thank you hugo chavez for Mr. cisneros, keep sending all those Oligarchs my way.
all venezuela needs right now is more russian weapons and nukes, they don't need money, they have socialism.
tourism is down...
I think this is just TALK......
What DR needs is more bed and breakfast places... with a more home feeling...
mixed with eco tourism...
PS
"South America's richest man is commending the strength of the DR's economy and the way the government has handled it."
WRONG!!!!!! as Usual!!!!!!!!!!!!!!
South America's richest man is not the Cisneros it is Carlos Slim Helu!
Lets be accurate as you pee all over yourself in defense of the people who keep Latin America in the Dark Ages.
http://www.forbes.com/lists/2006/10/WYDJ.html
Gustavo Cisneros also commented that the DR's current troubles with the tourism sector are linked to the current global financial difficulties
for that insight, i beg to nominate him for the nobel prize.
But the point is Mr. Cisneros can park Mr. Slim’s Bentley form him, while you shine his shoes and Lie-onel Fernandez carries his suitcases!
Between the washed out bridges and the minefield remains of what used to be a road, you best be driving a motorcycle with loads of travel.
Miches is one of my favourite retreats. It is in a very forgotten part ( aside from the drugrunners) of the country and is almost a country within the country, due to this remoteness.
Unfortunately this sounds like another La Perla development....talk big money, but that's about it. Seen too much of this lately. Time will tell, but the reality is, first a road has to be built. One that will support the equipment required for the building of the complex and eventually the first guests, who will be traveling about 2 hours on a good road from Punta Cana or La Romana.
The Dominican masses have lost the right to their national treasure, free and open beaches!
http://www.diariolibre.com/noticias_det.php?id=217626
Dreadlocks and Josean cannot understand the magnitude of 2 billion dollars.
I am pretty sure he can spend 2billion and still buy Cap Cana after if he needs
The man makes more sleeping in one night than dreadlocks will make in his life!
Congrats on the news Mr Cisneros
I love your passion1
could you please give Josean a job
Maybe he could wash your car or something simple
One of South America's most prominent businessmen oversees a diversified empire with interests in Venezuelan television stations, telecom outfits, local brewery Regional and Leones del Caracas baseball team. Has signed an agreement with China Central Television to distribute programming, including popular Latin American soap operas. Sold U.S. Spanish-language TV network Univision to a private equity consortium led by U.S. billionaire Haim Saban for $700 million in March 2007. Cisneros and his wife are familiar figures in high society, hobnobbing with former presidents, designers and fellow billionaires; George H.W. Bush is his fishing buddy. Boasts an extensive collection of Latin American art: one favorite is an Amazonian landscape by German artist Frank W. Post.
Fortune:inherited and growing
Source:media
Age:63
Country Of Citizenship:Venezuela
Residence:Caracas
Industry:Media
Education:Babson College, Bachelor of Arts / Science,
Marital Status:married, 3 children
When I say jobs I am not referring to construction jobs. I am referring to maids in the hotels, cooks, janitors, gardiners, taxis, talent show dancers, managers, clerks, reception desk operators, bartenders, waiter/waitresses, bell boys,
managers? how many managers of these hotels is Dominican? hey, ojeda, provide me with a statistic which enumerates the percentage of dominicans holding the six uppermost echelons of the hotel managerial totem pole. how many hotels are there, and how many are managed by dominicans? assistant managers? and so on, and so on, and so on. if you are going to rhapsodise the glorious benefits of tourism, when locals get to shine the managers Spanish shoes, then i have a problem with that. i offer no apologies to anyone when i refuse to gush with gratitude when gringo opens a resort and shows me his benevolence by giving me the job to take out the trash.
Of course , everyone knows it is a wonderful thing that Señor Cizneros is investing so much into this country and as he lives here also for a large part of the year , I am more sure that he has regard for the people in this country than those hotel and sugar industry owners that live overseas. What does the country get out of this ..well for a start , hundreds of poor people will be much richer as they take the various jobs and those Dominicans that now have started to produce quality meat and vegetables will have another market
Señor Cisneros ..thank you very much
From: Dominican Republic, la Romana
yes EnricoRizzo when you say above.. hurry before Dread and Josean drive the the investor into the sea...... it is interesting to notice that these two subscribers use the same sentence structure , many identical phrases, have the same views , normally come on and write at the same time and are equally abusive to anything that they see as development ,With so much in common ,could it be suggested that they also use the same computer and live together."
Now the conspiracy theory!
I wouldn’t listen to anyone whose names ends in nut!
but the hotel owners want the cheap illegal labor
With several billion tourist dollars and euros flooding into the Dominican Republic every year, it is unsurprising perhaps that the standard of living for most Dominicans has improved markedly in recent years.
several billion tourist dollars? lke how many? like 4 billion per year, charlie? hmmm.. let's see. 4 billion is the value of the tourism product, not the amount that stays here. maybe we should look at where some goes
to foreign travel agents who sell the packages in foreign countries
to foreign owned airlines that fly the tourists here
to foreign management personnel, who expatriate the money to their countries of origin
to foreign suppliers of food, beverages, equipment, liquor, consultancy fees, and other ancillaries too numerous to mention. hence, when all that "leakage factor" is put into the equation, we get 19 cents on the dollar (at least up until last year.) and, i am tired of RickRomana
So you prefer to get nothing rather than 19 cents in the dollar for doing nothing ,you prefer the unemployed to stay that way rather than have jobs in the resorts
Yes I would like more money to stay in the DR , but 19 cents is better than nothing
The Tropicalia project will create 3,000 jobs over the short term, 6,000 over the medium term and 14,000 over the long term, the statement said...................Hurry Dread hurry josean drive them into the sea with their crummy jobs.......who needs Gustavo and his investment anyway ......Give him the pitchfork abc the loon will assist you
The actual initial investment, if it ever happens will be 485 million; the rest may just turn into BS. Like 200,000 daily riders for the METRO and the solution to the traffic jam in Santo Calcutta!
Some people will just believe anything, especially if it suits the personal agenda of distortion.
http://www.listin.com.do/app/article.aspx?id=116611
This is NOT a GOVERNMENT deal with TAXPAYER money that needs to be justified. "NOT that tat would ever happen here either" What really makes me laugh is "DREADLOCKS" who not only ISN'T Dominican with roots here but he doesn't even LIVE here. What a joke if it wasn't so STUPID it would be FUNNY.
I fail to understand how anyone here can take the PSUEDO INTELLECTUAL JOKER seriously about anything.
You can count on:
1. A generation has not been born yet that will see this project completed!
2. He may start it but the one that will finish it will be the one that buys it from his heirs for pennies on the dollar out of bankruptcy.
3. This is a ponzi scheme based on him and lenders putting matching funds based on real estate sales. Speculators money! And when the Speculators don't show up the party is over.
4. Too ambitious to succeed and has never ever succeeded yet.
5. After he sells Condo Hotel units to all his rich friends the project will fold.
6. Has no track record to attract lenders and won't put his personal guarantee's.
7. He will have to build an airport and buy some airlines to come in too.
8. This is pay back to LF for other favors.
9. He underestimates (like all) the costs.
10. Big projects on cheap land never work.
11. He will have to move all of Venezuelas rich refugees here to break even.
PSUEDO INTELLECTUAL JOKER
pitiful!