Investors are suing developers of a Costa Rican resort that has been halted for economic reasons.
The Santa Cruz Sentinel said that the property is Santosha Resort, a community on 864 acres. A property in Georgia also is involved in the case, said the newspaper, based on court filings.
The thrust of the suit is that the developers, Lifestyles Real Estate of Santa Cruz, did not pay back the money that was loaned by at least two local men. The project is in the $100 million range. The project appears to be marketed heavily in California where the suit was filed. A Web page for the development has just U.S. numbers and identifies The McInerney Group at Prudential California Realty, La Jolla, California, as marketing a related project called Santosha Founders’ Club.
The development is near Golfito. The Web page says it has a view of the Gulfo Dulce there.