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ew would be billions of dollars of distressed assets. This year we have entered into a contract for the development of a distressed golf project in St. Lucia. We have reached agreement with the government of St. Kitts to start up, again, a resort project on the west coast of St. Kitts that had been aband
the housing crisis we only sold 21 houses in 2008 and are doing only slightly better than that in 2009. Therefore, the cash flow is not coming from South Padre to Landmark, but cash is going from Landmark to South Padre. Recently there was some sign of optimism, but in the short run, this may be a false sp
w would be billions of dollars of distressed assets. This year we have entered into a contract for the development of a distressed golf project in St. Lucia. We have reached agreement with the government of St. Kitts to start up, again, a resort project on the west coast of St. Kitts that had been abando
the housing crisis we only sold 21 houses in 2008 and are doing only slightly better than that in 2009. Therefore, the cash flow is not coming from South Padre to Landmark, but cash is going from Landmark to South Padre. Recently there was some sign of optimism, but in the short run, this may be a false sp
w would be billions of dollars of distressed assets. This year we have entered into a contract for the development of a distressed golf project in St. Lucia. We have reached agreement with the government of St. Kitts to start up, again, a resort project on the west coast of St. Kitts that had been abando
the housing crisis we only sold 21 houses in 2008 and are doing only slightly better than that in 2009. Therefore, the cash flow is not coming from South Padre to Landmark, but cash is going from Landmark to South Padre. Recently there was some sign of optimism, but in the short run, this may be a false sp
w would be billions of dollars of distressed assets. This year we have entered into a contract for the development of a distressed golf project in St. Lucia. We have reached agreement with the government of St. Kitts to start up, again, a resort project on the west coast of St. Kitts that had been abando
the housing crisis we only sold 21 houses in 2008 and are doing only slightly better than that in 2009. Therefore, the cash flow is not coming from South Padre to Landmark, but cash is going from Landmark to South Padre. Recently there was some sign of optimism, but in the short run, this may be a false sp
sition after our substantial expenditure of time. Looking forward to seeing you at the Board meeting. I believe you will love Bright's Creek. (b) St. Lucia — In this case it seems to me that history is circular, not linear, and the beat goes on. After Scotia Bank first agreed to, and then reversed their
ere is an Ocelot, and make it easier for us to proceed to get restrictions from Fish and Wildlife lifted from our most valuable property. In short, South Padre is like so much in our lives, long-term excellent, short-term a disaster. 2. Apes Hill Club — In January we had no contracts or reservations at Ap
uld be billions of dollars of=20 distressed assets. T=is year we have entered into a contract for the development of a distressed golf project in St. Lucia. We have reached agree=ent with the government of St. Kitts to start up, again, a resort project on the west co=st of St. Kitts that had been aband
the housing crisis we only=sold 21 houses in 2008 and are doing only slightly better than that in 2009. Therefore, the cash flow is not coming from South Padre to Landmark, but cash is going from Landmark to South Padre. Recently there was some sign of optimism, but in the short run, this may be a false sp
new would=be billions of dollars of distressed assets. This year we have entered into a contract for the development of a distres=ed golf project in St. Lucia. We have reached agreement=20 with the government of St. Kitts to start up, again, a resort project=on the west coast of St. Kitts that had been ab
he housing crisis we only sold 21 h=uses in 2008 and are doing only slightly better than that in 2009. Therefore, the cash flow is not coming from South Padre to Landmark, but cash is going from Landmark to South Padre. Recently there was some sign of optimism, but in the short run= this may be a false spr
uld be billions of dollars of=20 distressed assets. T=is year we have entered into a contract for the development of a distressed golf project in St. Lucia. We have reached agree=ent with the government of St. Kitts to start up, again, a resort project on the west co=st of St. Kitts that had been aband
the housing crisis we only=sold 21 houses in 2008 and are doing only slightly better than that in 2009. Therefore, the cash flow is not coming from South Padre to Landmark, but cash is going from Landmark to South Padre. Recently there was some sign of optimism, but in the short run, this may be a false sp
Entities connected to both St. Lucia and South Padre

Jeffrey Epstein
PERSON
Barbados
LOCATIONSt. Kitts
LOCATION
Landmark
ORGANIZATIONSouth Padre Island
LOCATIONApes Hill
LOCATION
North Carolina
LOCATIONBarton
PERSONLewie Ranieri
PERSON
the Board of Directors
ORGANIZATION
Barry Diller
PERSON
Golf Digest
ORGANIZATIONthe Court of Claims
ORGANIZATIONLake Presidential
LOCATIONApes Hill Club
ORGANIZATION
South
LOCATIONFour Seasons
ORGANIZATIONLandmark Land Company, Inc.
ORGANIZATION
Ritz-Carlton
ORGANIZATIONArcos Gardens
LOCATION