$19M per acre land , wow these guys at NHT are some smart investors

According one one board member the value of the PROPERTY (Land , Building, Furniture, Fixtures  Fittings and Equipment ) and was said to have been worth between $280m and $330m as per the two valuations received.

The NHT board approved the purchase of the PROPERTY for $191m and he( the board member) said this was a bargain, given the forced sale value of $220m. That board member also said the PROPERTY could be sold today for in the region of $220 and the NHT would be swimming in money.

So let’s breakdown the maths given that the board and now the inept Prime Minister would like us to believe that they (NHT) only purchased the land and NOT the PROPERTY(Attraction).

So given the new reason that the idiots of this country are to accept, it means the NHT paid for 10 acres at $19m per acre, not including buildings, fittings and fixtures and all of this were just extras.

I would like to see the idiot who would have invested significantly in the structure and then turn around and give it away for free, given the Prime Minister and the NHT board new position.

This new position is more asinine that the first as at least in the first position the NHT would have spent money buying an an attraction, that may sometime in the future with good marketing could be offloaded to someone, who could find it a worthwhile investment.

The NHT would like us to believe that all that building fixtures and fittings was not worth a damn thing and it was simply thrown in the mix, ok we believe.

Can someone ask the NHT board to present a copy of the valuation for the property so we can see what value the valuator  placed on each item ie

1. What was the value of the land ?
2. What was the value of the building ?
3. What was the value of the fixtures , furniture , fittings and equipment

The above would give us a good insight into what the NHT really bought.

So Madame PM, you have 21 days to present to parliament the valuation for the Out-a-money attraction, since we are all idiots in this country.

What about the further $111 the NHT Chairman said he was going to spend, is that to fix up the LAND or the ATTRACTION.

Also what about the offer from the former owner to stay on as a consultant to operate the LAND ops I mean the ATTRACTION ?

If you buy land, why spend a $111m to fix it up, what does that entail.

The Prime Minister should have not read that stupid report to parliament as its an insult to the intelligence of the people of this country.

For all those MP who cannot seem to get affordable housing for their constituents, are you all going to sit back and watch your people get screwed, if so who do you really represent.

I challenge the people of Jamaica to ask their MP’s if they support the NHT deal and if so, what about your interest, what is he going to do to ensure you can get affordable housing so you don’t have to be squatting on other peoples land.

Its time Jamaicans started acting tough instead of talking.

Now we know why the PNP is leading Jamaica and not the JLP

The PNP knows best how to ruin this country.

They will make some of  the worst decisions ever and will be able to justify that position and the people will believe.

They will make you life a living hell, but give you a ” likkle money” now and again.

When you put clowns in charge, you get a circus

People who have only been successfully in closing businesses cannot lead any organization. The board of the NHT has one vocal man who has no experience in running a business but is very experienced in ruining many business here in Jamaica.

In attempting to justify the bad purchase, I heard the following ” there is too much misconceptions, NHT did not buy a attraction it bought land. The land was valued at $300m and we got it for only $190m or $0.60 on the dollar, which makes it a bargain, If we were to sell at forced sale value we would make at least 20%”.

While the maths maybe correct, the premises on which that is built is wrong and that explains why this former union boss was so successful in closing many viable business in Jamaica.

Not only does his explanation not appear to be  in sync with the Chairman, who told us he planned to spend $111m to “fix up ” the land, hahahha, but the meeting notes suggested that the former owner offered to stay on and oversea the operations of the “land”, remember they did not purchase an attraction, they purchased land.

Now I know that any businessman that see potential in land, is NEVER going to allow the GOJ to get their hands on those Prime land, so again that new line is as comical as the first.

When you put clowns in charge, you get a circus, so welcome to the circus known as the NHT.