SBMA Lines Up More Litigants

Comment from a reader on "White Elephant Farming In Subic":

Looking at the construction projects that have started on leased properties in the SBMA and came to a sudden screeching halt such as the blue monstrosity mentioned above, and now the rusting skeleton that was supposed to be an "athletic" hotel at the former Remey Field, as well as the rusting, stalled project across from the blue monstrosity on the waterfront would seem to indicate that the manager of the SBMA, Armand Arreza, is making the rules up as he goes along, eventually forcing the projects into litigation as mentioned above.

Anyone with ambition of investing in a leased property for business at the SBMA should first look at the long history of companies that have walked away from the place since the close of the Navy base.

Warren Buffett would never invest in such an environment. Macapagal-Arroyo needs to step in and throw the incompetent Arreza out and replace him with someone with better business sense.

[The Subic Bulletin] The promised Athletic Hotel seems to have just been an empty promise so that the developer could erect cheap concrete market stalls along the side street.

The Blue monstrosity on the waterfront road as well as Legenda, Legenda suites and the original land famous for non existent ancient trees have all been promised to Ocean 9. How could a single investor be given so much of the freeport area?

Does SBMA really think tying up all that space with one investor makes any business sense or just that they only need to litigate one company in a couple of years so they can hit on the next sucker?