TAYRONA CAPITAL

HEADLINES

Green Bay’s port can be revived by Tayrona Capital Group’s millions

Tayrona Capital investment fund’s purchase list for Ospedaletti, which suddenly emerged last month along with large bids for the Byblos compendium, Pian d’Asché embankment, and Piccadilly, is growing. While in the crosshairs of the Monaco-based financial group is the Baia Verde harbor, the big unfinished business.

A draft agreement has been signed by Tayrona Capital Group (client portfolio worth hundreds of millions of euros) and that a string of French entrepreneurs are in the process of negotiating a concession for the unfinished tourist landing. The latter are the partners of Societe financiere port Ospedaletti, which in Italy operates under the name of Nuovo Porto di Ospedaletti Srl, located at the San Remo office of accountant Giancarlo Ghinamo (who is represented by Taggia lawyer Gabriele Cascino).

In the meantime, Cimiotti’s council is still assessing the project, and the mayor has repeatedly requested a bank guarantee for the operation but has not yet received one.

However, a complementary relationship may exist between Tayrona Capital and Nuovo Porto di Ospedaletti Srl. On the one hand, there is capital, which is necessary to begin building again from scratch. The other is an initiative-driven spirit. Another striking point is the architect responsible for the project,  Marco Filippo Alborno, known for his works at the Port of Cala del Forte in Ventimiglia, the Marina di San Lorenzo, and the Bordighera Marina in Imperia.

As a result of this collaboration, Ospedaletti may mark a turning point that has been awaited since 2013, when the Council of State annulled all authorization acts of the Baia Verde project with an unappealable ruling. It is a belief held by Mayor Daniele Cimiotti. No day goes by that the first citizen does not synchronize with his offices about the arrival of the integrations requested by the proponents. It is Ciotti’s vision that Ospedaletti will follow the path of the Società Fondiaria Lionese in the late 1800s, when it transformed the town of roses into a tourist destination of outstanding quality, by building the first casino in Italy, large hotels, a boulevard, and leaving public gardens and the former nursery, which now houses schools, to the community.

Putting high hopes aside, the mayor’s watchword remains “caution.” Ospedaletti has already burned the port enough. A public-initiative project financing route could be pursued if private entry fades away. It would mean that a local authority would prepare the preliminary project and then invite bids from those willing to implement it. Tayrona Capital’s intentions seem more than serious, despite the lack of certainty about the French venture.

In addition to the purchase proposals that have already been sent and which have caused the municipal administration to modify the plan of alienations to put Byblos and Piccadilly back up for sale, there has been recent news that the Monegasque group, partner of Tayrona Capital, has taken over the former Area24 land located upstream of the Byblos complex as well as other private plots on the perimeter of the Baia Verde construction site.