Juan Hombrón Lands Will Be Sold At Public Auction
Las Tablas - Los Santos: The President of the Republic, Ricardo Martinelli, revealed on Tuesday, July 17 in Las Tablas, "Now that Juan Hombrón will be delivered (back to State ownership), they are going to auction it off, so that these funds can enter to the Panamanian state." Martinelli said it would be a public tender and he invited all those who said this land was worth millions of dollars to participate. He added with the goal of preventing people from taking advantage of these coastal lands, they have to change the way Rights of Possession are granted for beachfront properties. "We're going to have to do it (sell the land in Juan Hombron), so there is no doubt, or belief we are trying to benefit or help someone else," he said. He added - without elaborating - that they will have to modify this law "respecting the rights of possession, but before doing so, to give a title, there should be a pristine process." He did not specify whether he was referring to the law of the National Authority of Land Management (Anati).
Editor's Comment: Hoo Boy. Martinelli went up to Las Tablas to inaugurate a new road. While there he announced that these lands in Juan Hombron would be sold via public auction. Now ask yourself - who in their right mind would invest a few million dollars to buy this land, knowing there's a 100% chance that someone is immediately going to file some sort of a legal action, suit, or claim against it? You would have to be start raving MAD to buy that land, under practically any circumstances. Nuts. Loco. Smoking bat guano for lunch. With that having been said, I love this plan. More shoot from the hip crazy shit from the CD guys. It's always entertaining. Oh, and while we're at it, just toss in a couple of references to making some more changes to the way beachfront land is bought and sold. Because, you know, there's nothing international investors like more than Executive improvisation. Just make it up as you go along, that's the spirit...
