We still await the outcome of Polaris World's negotiations with their bankers. The 3 months period of protection has come and gone with no resolution and they have now been given a further month in order to complete a deal.
Whilst it is disappointing that, we the buyers, remain in a state of unwelcome limbo I suppose that the fact that the court has approved a further month to complete negotiations indicates that the parties can't be too far away from an agreement.
On some of the forums there is much more in depth analysis of the situation but the above is a simple summary.
The other news story that has come and gone in the last week or so, with potential impact in the area, is the "Paramount Themepark" story or as it now appears - non-story. Tales of meetings with representatives of a company associated with Paramount appears to have been blown out of all proportion and Paramount have now moved to deny the story.
Who knows if something may come of it in the long term but I recall going to Costa del Sol on a viewing trip with the dreaded MRI and the guide/rip-off merchant telling me he couldn't promise anything but there was a strong rumour of Disney moving into the area!!
Going out to La Torre tomorrow week so watch out for an update and photos.
just a quick update we came back from our place on Terrazas today, phase 2 is up to 1st floor level and the town center had been rendered and painted work was continueing at great pace,we spoke with resortalia who wouldn't confirm whether Bank of Valencia had stepped in to aid Polaris, but judgeing by the work going on all seems to be mov ing forward
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