The project that was promised to be completed in 4 to 5 year span with continual monthly update doesn't even have basic roads running through it. The monthy updates are nonexistant. What we have heard is the construction has halted do to the dramatic down turn in the ecomomy. The problem is 90 percent of the project is sold out. So where is all the investment money going? We put half down (10,000.) on two lots with a 5% per month payments equaling to 300/month. We have visted Costa Rica twice in the last 8 months and visited these projects and nothing is going on.
This is also true of the developers other properties that are listed in his website. This project is about to enter the 4th year. We are out our money and I'm guessing many others are as well and would like to have someone investigate this situation as I have emailed them in CR prior to this and a blog was set up in 2009. Since 2010 nothing has come across, a secretary answers the office phone but never gets back to you, the office in CA is just an address and I'm feeling this is a scam.
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