Paradise Lakes paralysis
The June 1, 2010, construction update shows absolutely no upward progress in any of the towers. Towers B2 and B3 remain where they were in August 2009. I cannot comment on the common areas' infrastructure, whose progress must be just as pitiful. The recent announcement that the project will be completed by end 2011 has not been matched by any pick-up in construction momentum. Given this stark reality, why can't those of us who invested in Towers B2 and B3 demand refund instead of empty promises of imminent resumption of work by new contractor? Let us ask R Holding to abandon B2 and B3 and give back investors their money without further delay. Nobody in a sober state of mind believes these towers will ever reach 25 floors and then become ready to occupy. If we don't band together and put pressure on RH now, our money is doomed to remain forever in the safety of "escrow accounts".