Reef Village-Change of Ownership
The Ambergris Daily has been reliable informed that Jeff Pierce the former CEO of Reef Village Estates has handed control over the entire project to the Reef Village Owners Association.
Details are rather sketchy at the moment but it appears that the owners have banded together to save RV going into liquidation, and have formed a new committee to run all aspects of the organisation. Jeff Pierce is on, as are a number of RV owners, this committee and it appears that their idea is to raise a significant amount of monies to finish all the residential buildings and also to tie up all the common grounds which will be owned by all members of the association.
Jim Oliver an owner at Reef Village appears to be the the main person to field all the questions that members may have. It maybe worrying to some that Jeff Pierce is still involved but as he is probably the only person that knows all the problems and possibly some of the some solutions that may save RV.
It is also unclear on the rights or the involvement of the timeshare owners as they are not part of the owners committee. We at the Ambergris Daily are waiting for the press releases that we are sure will be issued by RV in the forthcoming days.
