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Cndeariso
| Thursday, June 19, 2003 - 9:31 am
Tuesday, June 17, 2003 Baltimore, MD I'm just back from Contadora. This little island is hopping. Since the crew for "Survivor" hit the neighborhood, the place has burst to life--new development, new construction, new renovations...and many, many new faces. One property, for example, just back from the island's best beach (Galeon Beach), next to Geralds Restaurant, has been cleared for development. The developer is putting in seven homes that he intends to sell for $600,000 apiece. I met him in Panama City Thursday night. He told me three of the homes are already reserved. I met a couple of the production people for "Survivor." They told me they have 150 people on the island and will have 340 in place by the end of the month. They are apparently paying the resort here a couple of million bucks for accommodation during the shoot (through the middle/end of August). A marina is being constructed on the other end of the island. It's in the early stages but will be a nice addition. The place looks fantastic and green--the rains began mid-last month. I'm already invested here (see: The Contadora Villas), but if I can find another opportunity that makes sense, I'll invest further. I know special when I see it. This is special. Bob Fordi for International Living
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