'Rocky Mountain' homes

Approximately 800 of the country's richest and most influential business owners are facing the possibility of finding their "home sweet home" in Camp John Hay turn into Rocky Mountain homes if they are forced to renegotiate the lease or cost of ownership of their luxury cottages.

- CITO BELTRAN

The BCDA already announced last week that the Supreme Court has stood by its decision for the John Hay Development Corp. (DEVCO) to return the property to the BCDA and for the BCDA to return the money of JH-DEVCO because both parties were in violation of contract.

The problem is that the SC decision, which has not been readily available to the public, was allegedly not as detailed in terms of how things are supposed to be done.

For instance, DEVCO had sold about 800 luxury cottages when they started the project and the 800 owners who represent the top corporations, CEOs-bosses and families were all buyers in good faith. JH-DEVCO was likewise a seller in good faith. So how do you tell the country's richest and powerful groups that they may be evicted or will now have to renegotiate with the BCDA?

Does the Supreme Court expect JH-DEVCO to return the investments of those homeowners, minus the years of use or ownership?

The BCDA has actually come out with newspaper ads advising the owners to contact the BCDA, obviously to be informed that there is now a new landlord and that the rent or lease or terms will have to change, and they better bring their fat check books or be ready to arrange bank transfers.