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Maho Bay Camps land for sale
The Trust for Public Land is hoping to acquire the 14 acres which include Stanley Selengut's Maho Bay Camps.
A director of the trust told St. John Rotary the lease for Maho Bay expires in 2012 and the land owner, Geri-Geri Corp., has it listed for sale "for a healthy price," according to the St. John Source. Greg Chelius said the Trust plans to meet with the owner's attorneys in New York next month.
Earlier this year, the Trust made a $19 million deal for Park acreage inland. Chelius told Rotary how his group got a foothold in the 419-acre parcel.
One of the heirs had been presumed dead because he'd not been heard from for years. The trust hired a private investigator who, in fact, found the heir, Joey Adler, living in a Veterans Affairs facility in California. He received $1 million and is now more comfortable, and the Trust had the land which let it negotiate with other heirs.
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Great Cruz Bay. 2 AC BR, veranda, pool, Wi-Fi, gourmet
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If this tract of land goes for sale--and is bought by greedy rapacious interests--the island has lost its charm. Save Maho!
Sad sad...
Aloha.
Posted by: george frengos | December 25, 2007 at 11:37 PM
I would think the property can be sold at any time.
The land is leased by Mr. Selengut until 2012.
A new owner would be likely to honor the lease.
Frank
Posted by: Frank Barnako | November 15, 2007 at 08:36 AM
Confused, Maho is up or sale in 2012 when the lease expires or now?
Posted by: Rosi Perkins | November 14, 2007 at 10:22 PM