Puerto Salinas Project. Presented by Eric Cernich, President

Transcription

1 Puerto Salinas Project Presented by Eric Cernich, President

2 Agenda Project Overview Similar Projects from other parts of the world Our Expertise Return on Investment for the Dominican Republic Our Expectations Questions & Answers

3 Project Overview Project Location Project Description Project Construction Current Challenges Opportunities What is unique about the project Balance with nature

4 Project Location Project is located in Las Calderas de Bani approximately 75KM west of Santo Domingo Approximate size of the land is 612 acres which contains 3.9KM of sandy beach over looking the beautiful Caribbean sea. Climate: Sunny all year round with average temperature ranging from 73-90FH. Ideal for tourism. Largest sand dunes in the Caribbean.

5 Project Description Attractive and undeveloped area Natural Monuments Largest Sand Dunes in the Caribbean Dry area ideal for water sports, fishing and sailing Currently used for garbage dumping No adequate infrastructure for use

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7 Project Description

8 Current Challenges Law Infrastructure Creating ecologically friendly development Engineering of the marina Sand Dunes being damaged Chia Laguna Resort: The Italian Project Image of the South West Attracting Eco Tourism

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18 Crystal Cove State Park, CA.

19 Opportunities Dry area: People in the US and Europe prefer dry area for fishing, sailing and water sports. Eco tourism: create a niche as Costa Rica did years ago to attract environmentally conscious tourists in US and Europe. Over 2,000 property owners Over 5 hotels with 300 rooms/hotel

20 Opportunities Build over 400 homes for the workers Create over 800 jobs for local people Generate over $75million in revenue per year from the project alone. 2,000 owner spending $5,000 per year = $10mil/year 50% of homes $2,500/month = $30mil/year

21 Opportunities rooms = 1500rms. At 50% occupancy rate = 68,000 people weekly on an average spending $500 = $34,000,000 annually.

22 Project Construction Infrastructure and marina development cost Estimated cost of infrastructure = $30,122,500. Estimated cost of home construction = $210,000,000. Estimated local housing cost = $12,000,000 Estimated cost of hotel construction = $112,500,000 Estimated cost of protecting and maintaining the Sand Dunes = $20,000

23 Project Construction In total we will spend nearly $400,000,000 over the next 10 years. We anticipate creating 10,000 jobs during the construction phase.

24 Our Expertise Experience that counts: Eric Cernich Abdi Ahmed Mike Roddy Norm Soto Paul Patirupananda Kingsley Kernovske Juan Villegas

25 Our Expertise We have over 150 years of combined experience in Real Estate & Product Development. International experience and background. Multigenerational development experience

26 Eric Cernich President 25 years development experience, 3 rd generation developer. Involved in developments in California, Mexico and Costa Rica. Developed and managed Office & industrial parks, residential, commercial retail, marina, and eco resorts.

27 Abdi Ahmed Director Chief Technology Officer 23 years of experience in IT and Real Estate investment Founder of NetServe Systems, Inc a software engineering firm based in California. Brings international experience in integration of technology and development.

28 Mike Roddy Director; 31 years experience Developed projects in Japan, Romania, Belize, India, China, Mexico, Venezuela, Sweden, and Sri Lanka. Testified before the United States Congress twice as an expert witness. Published over 14 article in trade and environmental publications.

29 Norm Soto Consultant; 30 years of experience Developed projects in US, Canada, Latin America and the Pacific Rim. Licensed in Canada, USA, and New Zealand. Current Projects include: Lake Las Vegas, Galileo, Emerits Lakes in Dubai London Bridge Resort Lake Havasu

30 Norm Soto PROFESSIONAL AFFILITATIONS American Institute of Architects Royal Architectural Institute of Canada New Zealand Institute of Architects Project Management Institute

31 Galileo Project

32 Emirates Lake

33 Lake Las Vegas Project

34 Lake Las Vegas Project

35 Paul Patirupananda Director Land Planning 15 years of architectural/planning Experience. Extensive knowledge of Marina planning and architecture Responsible for various designs implemented in US and Southeast Asia. Widely recognized for his ecofriendly designs.

36 Kingsley Kernovske Director Marina Infrastructure Over 30 years of experience Projects in Australia, France, Spain, New Zealand and Costa Rica. Currently finalizing projects in Costa Rica. Involved with various large scale earth-moving projects.

37 Project Benefits for the DR Create revenues for the island Bring in additional $400,000,000 in foreign investment Increased tourism to the area. Create employment on a long term basis Protection of the Sand Dunes. Create national park infrastructure Create eco-friendly national park.

38 Project Benefits for the DR Develop natural park with long last improvement that can be enjoyed by Dominicans as well as tourists. Exposure of markets not being served by current projects worldwide. Stewardship of the natural monument of the dunes. Develop Dominican Republic as an eco-tourism destination

39 Puerto Salinas Land Use plan

40 Future Puerto Salinas: Paradise for the average guy!

41 Affordable Luxury in Paradise

42 Our Expectations What can CEI-RD & other agencies do to help us? How do we move the project forward? Commitment in proceeding with the project Assistance in the approval of the concept Ramifications of law

43 Questions? We would like to answer any questions you might have now.