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Reply to "Govt spent US$5M to rehab Sanata, then sold it to Ramroop for US$3.4M – Audit report reveals"

Django posted:
Drugb posted:

Not surprising, the asbestos removal and derelict status of the complex required expensive rehabilitation. In the end the govt of the day had to throw in the towel as it could not perpetually keep maintaining a derelict structure that govt had no business owning. The fire sale to Ramsaroop was in line with govt policy at the time, to divest itself from private enterprise. When Ramsaroop took over the complex, it was a liability. The windfall today is a factor of rising prices of real estate from 2010 to 2015. Not unusual for land/property appreciation.

What asbestos?? you are defending thieves added with a tinge of lies.

Read the article you will notice that they mentioned asbestos removal as part of the expense of rehabilitation of the complex before selling to Ramsaroop. He was the only show in town, this sale was not done in the dark behind closed doors. The govt of the day had been reaching out to many to sell the complex without success.  The PNC/AFC were privy to the sale back then but they did not protest as they felt the price was fair. It is only after land value appreciated in the region that the cries of corruption were heard. Hindsight is often times 20/20. 

FM
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