Tag Archives: The Merricks Resort Barbados

Harlequin’s Merricks Resort “a rotting garbage dump – a liability not an asset”

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Why didn’t Barbados obtain completion guarantees backed with performance deposits and bonds?

Our political class, along with Harlequin and other developers, left Bajans holding the bag!

by Old Cutter

What a mess we have with abandoned and “on hold” construction sites and failed projects throughout this country. There is a reason for this and it is not “economic slowdowns” or “unforeseen circumstances”.

“We have these numerous failed project disasters littering our coasts because our DLP and BLP governments allowed unfettered development of our beautiful island by almost anyone that showed up.”

Politicians’ offshore accounts are fat and happy

Our elected representatives stuffed bags of cash into offshore accounts of their “consulting” companies but never acted to protect Barbados from shaky developers.

Our political class never imposed standard contract conditions like performance guarantees and deposits. The big developers hired DLP and BLP friends and family as ‘consultants’ in exchange for building permissions.

“Everybody knows how this place works, and why the political class never voted for Integrity Legislation or assets declarations since Bajan independence almost 50 years ago.”

Harlequin Resorts is just one more failed developer, but they fell in a big way and are worth looking at closely…

As the broader Harlequin Resorts debacle carries on in the courts we see Harlequin suing accountants Wilkins Kennedy and WK countering with accusations of their own, and many other court battles in various stages.

Somewhere in all of that there is a book figure for the value of Harlequin’s assets, including the abandoned Merricks Resort site in Barbados.

Whatever that book figure is for Merricks Resort, a visit to the abandoned construction site reveals a rotting garbage dump that is undoubtedly far less of an asset due to the demolition and environmental cleanup that would be necessary prior to any new activity. Barbados Free Press covered this story a year and a half ago, and the deterioration is easy to see when we compare the photos then and now. Continue reading

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Filed under Barbados, Corruption, Economy, Offshore Investments, Political Corruption, Politics & Corruption

Harlequin: The promises and the reality

Harlequin & David Ames: Knew sales agents were lying to investors.

Harlequin & David Ames: Knew sales agents were lying to investors.

The promises!

David Ames pumped a computer generated paradise and a Ponzi pyramid scheme that required ever more ‘investors’ to keep it going.

Merricks-Barbados-Bankrupt

The Reality!   (click on photo for large size)

The Merricks, Barbados

Abandoned a few weeks ago. Now a visual blight on the coast because our Barbados politicians let it happen for a few dollars and a glass of champagne or two.

(Big shout out to a loyal BFP reader who took the photo. See you at Marcia’s Place, Oistins on Friday night!)

Lawfirms inundated with victims

“Law firms Kobalt Law, Carter Lemon Camerons and Regulatory Legal have been inundated with calls from investors for advice over their Harlequin holdings.

Nicolette-Elizabeth Crozier, spokesman for CLC, said a series of meetings has been set up in its London offices throughout April for those parties who have been affected or concerned.

She said: “Clients will be attended by one of the senior lawyers who specialise in civil fraud claims.”

Investors attending the free initial meeting are required to bring copy documentation prior to attending to enable CLC to provide case-specific advice.”

… Complete Financial Times article: Law firms inundated with Harlequin Property calls

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Filed under Barbados, Consumer Issues

Harlequin’s The Merricks Resort as it really is right now

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The Merricks, Barbados – Thursday, March 7, 2013

(click all photos for larger versions)

Dear Barbados Free Press

While sight seeing and using Barbados Holiday Map provided to us tourists as a guide, we went looking for the “Photo Opportunity” shown on the map at Palmetto Bay. As we looked for Palmetto Bay, we came across the Merricks sign; so being a periodic reader of BFP I decided to proceed to see what Photo Opportunities we could find.

The attached pics were just taken Thursday March 7, 2013.  They look strangely similar to those previously published on BFP in August 2012! What has been done in the past year?

There were two workers (?)  on the site.  An old guy who was dismantling a temporary storage area, and a young kid who was wandering around and sitting around. Thought you might want save the time and gas expense to go out to the Merricks site.

Harlequin’s promotional claims that “The Merricks Resort is situated on the stunning Atlantic coast in the south east of Barbados; and the resort has been designed to take advantage of the stunning cliff top position which affords spectacular vistas across the Atlantic Ocean.” are true. I must have missed it but I saw no beach.

“Just Taken” moniker reflects that the photos attached were just taken a couple of days ago.  Fortunately I have not been taken in by the Harlequin Scheme.

Just Taken

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Filed under Barbados Tourism, Consumer Issues