Investors are making a claim for US$57 million on the incomplete Merricks Resort in St Philip.
And efforts are under way to sell the property, on which construction ceased four years ago when the project hit financial turbulence.
This information was contained in the first report to creditors issued in May by the bankruptcy trustee of the estate of the developers, Harlequin Property (SVG) St Vincent and the Grenadines Limited, which was run by British investors.
Brian Glasgow, the trustee, also made it known that Harlequin had failed to pay land tax of $350 000 to the Barbados Government. (MB)
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