Read the latest update straight from the Chairman:
I hope that you are well. This letter goes out to investors and those who have expressed an interest in investing with UIP.
The two slides below highlight progress on island over the past two weeks. Multiple crews working under Steve are on island delivering impressive results. A priority remains to get the marina operational. We will let you know when we have a firm date for that opening.
We would also ask that you continue to hold off visiting the island for now given the amount of construction equipment moving around and the intensity of activity. The Tarpon Bar area is cleared and works continues with the Collier remediation, mainly centered on the foundations.
Gasparilla Cottage is being prepped for use as our new reception center. So, the island is getting to a much better place under UIP. We appreciate your support and continued patience while we execute on this complex project.
We continue to see good momentum with the capital raise and I am delighted to answer questions by phone for those of you considering investing in the B or the Note – my details are below.
The Centennial Bank line is approved and should be funded in a couple of weeks, and we continue to work to get two SBA loans funded.
Steve and I will be offering a Zoom update call next week for all members – details to follow.
