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CN Dec272012 MOW

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Mansions of the World - Buenos Aires: Undate

December 27, 2012

The Mansions of the World project in Buenos Aires, Argentina is an enigma. The project has been discussed both at the different Vidanta resorts during members updates and on different websites during the past four years. At one time, there were alleged incentives offered to Grand Luxxe Residence Club members that linked use of Mansions of the World space with weeks owned in the Grand Luxxe Residence Club.

Here is a listing of some of the comments we have compiled since 2010:
Interestingly, we also attented our member's update several days after posting our most recent Mansions of the World article. During our update, we learned that the Mansions of the World project in Buenos Aires project was not proceeding as planned. Of course, we countered by saying we have evidence in the form of conversations with an on-site construction engineer who works for the contractor and photos showing construction moving forward.

Well, here is our latest finding: Our contact knows what he is talking about. Construction on the site has stopped.

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Mansions of the World Buenos Aires Construction Site - December 23, 2012


In July, work bagan. In August, we heard there were over one hundred workers on the property. Now, on December 23, we see there is no work being performed on the site. The contractor has taken all the heavy equipment away. What remains is just a large open hole that is about 8 feet deep that extends the length and width of the property.

Keep in mind it is summer there now.

Also, there are many financial reasons to delay spending money on non-essential projects. Inflation is soaring, the Argentinian government is trying to control the value of the peso, trade in US dollars is prohibited, converting Argentinian pesos into other currencies especially US Dollars is prohibited, and the economies of most world countries are faltering. Bottom line: There is a lot of uncertainty.

Could these be the reasons for the reversal? We do not know. What we do know is the only constant in the world of Vidanta is change.
Stay tuned....
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