Mexican President Vicente Fox Needs to ‘Walk the Talk’ in Protecting Property...

Mexican President Vicente Fox Needs to ‘Walk the Talk’ in Protecting Property Owners Rights in Mexico City

“Americans beware of investing or owning commercial property in Mexico City as corruption and impunity runs rapid under Fox’s Eyes,” said Boris Gerson, partner, Inmobiliaria Valle de los Pinos


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Los Angeles, CA–(HISPANIC PR WIRE)–September 9, 2004–“After reading President Vicente Fox’s state of the union address and commitment to Mexico, I hope he walks his talk,” said Boris Gerson, partner, Inmobiliaria Valley de los Pinos, a commercial property investment developer, who is fighting to repossess his property and close down a popular bazaar market called “Bazar Perinorte” (http://www.bazarperinorte.com.mx) in Mexico City. “Bazar Perinorte is in shambles and the current bazar and its infrastructure (water, power and structural safety) do not comply with any of the regulations and codes. The best solution is to create a cooperative market where 400 vendors co-own one lot of land in a condominium structure.”

Gerson describes the situation as out of control and only the federal government can do something about it. “Many local merchants want to keep the status quo, which only favors chaos and black market businesses, include mainly piracy of brand names, prostitution and drug dealing,” he said “Law enforcement agencies do not want to enforce the law.”

“The shape of the present bazar is a paradise to smuggle or re-circulate any illegal merchandise that lands in the Justice Center. The location of such a popular market is at walking distance of the court building of Tlalnepantla. There are also mysterious big trucks that deliver ‘goods’ at night, while most merchants bring their merchandise in small vans during the day time,” Gerson added.

Gerson has also lost faith in the NAFTA agreement signed by Mexico, United States and Canada allowing free trade. “How can a foreign company be comfortable doing business in a country where the private property and the civil rights of its own citizens are not only neglected but ignored in favor of crooked interests?,” he said.

Gerson and his partners rented a piece of land to two private investors Salvador Espinoza Vargas and Rodolfo Robles Sánchez to create a popular market, better known as “bazar,” but payments stopped. Now they’re illegally renting to flea market vendors even though Gerson has court orders to stop them, authorities refused to enforce the judgments.

For more info visit (http://www.bazarperinorte.com.mx) or contact George McQuade, 818.340.5300.

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CONTACT:

George McQuade

818-340-5300

or

Aida Mayo

818-618-9229

Mexican President Vicente Fox Needs to ‘Walk the Talk’ in Protecting Property Owners Rights in Mexico City