Leković: The investor confirmed with the request that multi-million damage was caused to the Municipality of Bar and the state

The information that the investor Liko Soho Group, which is to build a five-star hotel in Bar as part of the economic citizenship project based on the condo model of business, asked the Government for permission to allow him to change that model and to build the hotel according to a mixed model, is only a confirmation of our allegations from four years ago when we warned that in 2019, the sale of almost 30 thousand square meters of state land in UP1 zone A, block 1, DUP Topolica III at a price of only 132 e/m2, caused multi-million damage to the Municipality of Bar and Montenegro.

This was announced by Momčilo Leković, president of the Club of Councilors of the Democratic Montenegro Bar.

"Instead of the expected and minimal 10 million, a valuable state property with an area of ​​27.972 m2 in the center of the city, 100 meters from the sea, was then sold for only 3.692.304,00 euros, of which the Municipality of Bar received a little more than a million euros. According to the Law on Tourism, the difference between a condo and a mixed hotel is that the owners of the apartments in the condo model must make the apartments available to the hotel for renting out for 10 months a year, and in the mixed business model, renting out is on a voluntary basis, which basically means that according to the mixed model there is no restrictions on how long the owner can use the unit and the offer of accommodation units through the hotel is optional. So, in simple words, it is no longer a hotel accommodation unit, but an apartment for sale," says Leković.

He says that the amended business plan of the investor also increases the number of accommodation units intended for sale.

"Well, instead of the originally planned 112, 2026 accommodation units will be sold by 244, which is more than double compared to what was presented in 2019. Why is this important? According to the assessment of the subject property carried out in 2019 as a determinant for the assessment was the minimum expected earnings that the investor expects for himself, which now, as we can see, is obviously much higher, because the sale of more accommodation units is planned, which basically means that the price of 132 euros per square meter at which the land was sold was determined , extremely humiliating," he says.

He adds that in this final conversion, slowly but surely only a shadow remains of the five-star hotel.

"While the overriding goal of the investor, which will be focused on in the coming period, will be the sale of apartments and studios, or in other words, the construction of a residential complex right on the foam of the sea. This goal of the investor may be legitimate, but it is not the goal of the citizens and the city of Bar, and that is what we are aiming for. warned the Montenegrin public several times until now," Leković concluded.