There was no sign of work being done on these buildings recently. It looked like the developer ran out of money, and it will take a real change in the market for someone to come in a finish the project.
During the boom years for Costa Rican vacation properties before the U.S. recession, it was common for developers to sell many of their units pre-construction, with one-third down, one-third when the roof was built, and one-third at closing. I do not know if and what the terms were for these condos, but I fear that there are purchasers who have their money tied up in a project that will not be finished anytime soon. Developers are not the only ones hurt.
Today is Sunday, so we have new photos posted on our Viva la Voyage travel photo site. This week we are showing one of our favorite places -- the town of Bellagio on the shores of Lake Como, Italy. It is much more beautiful than the Las Vegas casino that it inspired.