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Re: “The Case of Liberty Cove

Mr. Kelly (since we have yet to have the pleasure).

It's the digression from civility of conversation that makes me run from these threads. I address only language to me:

1) "The timing of your article raises questions."

2) "Keith.....The bad title issue is being brought up by you at this time for some reason but anyone doing a project of this size in Mexico would have seen red flags...if they really intended it to work.."

3) "I just wonder what your motives are for writing this story at this time?"

4) "Your employer was ....."

The language denigrates and lessens the serious of the dialog.

Response, point-by-point:

1) What raises questions about the timing of the publication? The fact that I wrote it over a year? That it came out at New Year's? What are you talking about?

2) Why is it any different if I bring up the bad title issue today as opposed to a year ago? Or four? There are imperfect titles all over the country and, if I search far enough back, I'll find them at the ones to which you've alluded. The story happened to come out "at this time." What's your contention?

3) Instead of casting aspersions ("I just wonder..."), why don't you ask me? Or come by (801 South Erin, 85711). Or call me at home (520) 514-0402. I am in the phone book.

4) I am a freelance journalist and occasionally do projects to raise 6 kids and pay child support. What's this "your employer" stuff? Am I now tainted in an obviously pristine mind because I took a freelance (contract) job? Tell me from whence your income emerges and I promise you a field-day of defending equally denigrating guilt-by-association accusations. Take apart my arguments with your intellect; spare the cheapness of implication/insinuation.

Posted by keithrosenblum on 01/09/2013 at 12:08 AM

Re: “The Case of Liberty Cove

The thread (above) has zig-zagged in so many directions that it's hard to maintain the focus of the original argument. Still, I'm glad the natural gas issue has arisen because I've been writing about it for Inside Tucson Business and I profit from hearing perspectives. First, as to Liberty Cove and the title issue: Mexicans are accustomed to imperfections in title. They, along with much of the world, don't have the sophistication/certainty of unclouded titles. Moreover, they don't have a sophisticated title-security industry, as we do. If there is one area where I blame Rockingham and investors equally, it is in not having distinguished properly between what title insurance means in the two nations. (In the US, it covers land and improvements. In Mexico, it coves land.) This ambiguity/misunderstanding benefited Rockingham in the same way that the phrase "notario público" benefits American notary publics who are assigned by Mexicans the same credibility as a notario público in their home country. Cognates are a dangerous thing. Back to the natural gas: Mexico and Kinder Morgan have been handling the promotion of their project in a guarded fashion instead of unabashedly and un-apologetically asserting that it's the right thing to do --- for both countries. The level of misunderstandings at the public hearings (Sasabe, Tucson) is remarkable.

Posted by keithrosenblum on 01/07/2013 at 7:28 AM

Re: “The Case of Liberty Cove

Omissions from the author that ought be taken into account:

-- Simkovich, who helped raise money for the project, believed dearly in it. I met him on a couple of occasions and he did everything he could to inform and cheer-lead. He also invested his own money (cash, not soft money or warrants) and was one of the REIT-holders who has been wondering what'll happen to his money.

-- Details: $21 million was raised from investors. After commissions, that amount was just over $18.

More to come.

Posted by keithrosenblum on 01/05/2013 at 1:03 PM

Re: “The Case of Liberty Cove

I chose to work on a project (Liberty Cove) that I thought had a chance. It did, actually. If I recognize that a website, or newspaper was accurate in predicting something would fail, then it's the same recognition I give to the guy who wins at the track. I doff my hat. But if you look at any of the innovative projects taking place in Mexico (or elsewhere), all have their detractors/naysayers. It's human nature and then, later, when a project does fail, we all stand around sanctimoniously and give ourselves pats on the back. A couple of words in favor of Craig and what he was trying to do. The guy played by the rules in Mexico. He brought on board (Walt) Bouchard, a pro. He brought on board Jorge Gomez Unger, the Hermosillo atty with specialty in environmental affairs. He went through all the correct steps and he found resonance for the idea from different quarters, including Gov. Bours, the gov's brother, Ricardo, who headed IMPULSOR, the state econ development agency. He found favor at Fonatur, which is the developer of Cancun, Huatulco and mammoth projects in Vallarta. . Like many wildcat development in the US and Mexico, he didn't just start building and then whine that the Mexicans were holding him back. I am not Craig's advocate or his apologist; there's lots to second-guess. But I'm not ready to join in a summary disqualification or accusation that this was a "scam." It was an attempt at something unique that didn't take off. Would it have taken off if there hadn't been a title-dispute? Don't know. But having written hundreds of stories on entrepreneurs and start-ups, I'm hesitant to join in a "nanny-nanny-boo-boo" of others. I've taken a hit from lots of people on these stories and expect more. My loyalty is to none (or all) of them as I, too, sift through hearsay, bombast, indignation and self-serving Monday-morning quarterbacking. More to come.

2 likes, 1 dislike
Posted by keithrosenblum on 01/05/2013 at 12:57 PM

Re: “The Case of Liberty Cove

By the way, I doff my hat to the participant from RockyPointTalk. That info's absolutely so. Some dreams succeed, others fail. I was ready to do liaison work for Rockingham LLC because that's what I sometimes do -- put people together. Will I choose more carefully next time? Probably not. We stumble all the time.

4 likes, 1 dislike
Posted by keithrosenblum on 01/04/2013 at 3:12 PM

Re: “The Case of Liberty Cove

I'm responsible for the story, so I should show my face online. Ask away. I am a rat (comment above), but not for spending all this time writing. This wasn't designed to be a hit-piece on anyone. There is some info that's not precise (that happens in 7,000 words). I'm ready to account.

3 likes, 0 dislikes
Posted by keithrosenblum on 01/04/2013 at 3:07 PM

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