We've Been Here Before

You remember that Stanton Northwest Properties was going to build a hundred of million dollar houses back next to Lily Point Preserve, and it was going to have steps down to the beach and everybody rich from ROTUS was going to come and buy the million dollar houses and belong to the Lily Point Beach Club, even though the properties were way, way above the beach, but that's detail.   You do remember?  At the time, it seemed an unlikely development because the problems with real estate housing/development loans made either financing or proposing such a project seem like a very bad business to be in.  And then it actually became a very bad business to be in.  And Stanton, apparently, fell out at/with/through the bottom of the market.

But someone else, apparently, has taken up this burden of building a 100 big houses next to Lily Point Preserve.  It's an appalling idea, but somebody has to do it, apparently, and it is, according to those in a position to know, two companies named Lily Point, LLC, and Cassimar U.S. Inc.  And who would they be?  Googling provided a little Cassimar information but no Lily Point LLC information.  Cassimar is owned by someone named Wayne Knowles, out of the University of Saskatchewan, and now in Bellingham in the real estate world and apparently a Point Roberts resident.  It is surprising to think that someone doing this kind of deal would have so little Google presence.

A recent sheet of information about this appeared at the Point Roberts public library for purposes of providing information to the public.  The public, or at least some subset of it, is in arms or at arms or alarmed.  In any case, there is a public meeting on Monday night at the Community Center, 6 p.m., to discuss what might be done.  There are eagles and eagle nest trees and tree cutting at issue.  Also, the All Point Bulletin has many details from the County level of permits and requirements here. 

Here are some of the trees:

The area at issue is between Claire Lane and Paul's Road, with APA Road on the north and the beach on the south.  This photo is taken from the bottom of Paul's Road, looking back toward APA Road.  As you can see, lots of this acreage has already been cleared and there are lots of deciduous trees, as well.  But in the back, there's a fair stand of big firs, and as I took the picture, an eagle was larking around from tree to tree quite near me.

Another place we've been before is Sterling Bank.  For unknown (to the public) reasons, Sterling's stock today sky-rocketed, gaining about 60%.  Now that's not much in absolute terms, given that it has been hovering well below a dollar, but it went well up above $1.00, which is a big deal since it was under threat of being de-listed on the exchange.  Anyway, some recent developments suggest that someone may be attempting to buy the bank, which would/could be good for stockholders.  Today's stock sales were in the 16 million range, whereas a normal day is about 1 million.