{"investor_group_id":"1","date_received":"2025-12-20","question_original":"Are any developer or management fees paid before full repayment of the bonds?","internal_owner_id":"2","draft_answer":"Developer and management fees will be structured so that (i) they remain at market\u2011reasonable levels, and (ii) a significant portion is subordinated to debt service and\/or linked to project performance. No excessive front\u2011loaded fees will be paid before the bonds are fully repaid or adequately de\u2011risked, so that the sponsor\u2019s incentives remain aligned with investors over the life of the project.","final_answer":"No. No developer or management fees will be paid prior to full repayment of the bonds.\r\n\r\nThis principle is not just a contractual commitment\u2014it reflects the developer\u2019s longstanding practice:\r\nSince the inception of the project, no management, promotion, or developer fees have ever been taken.\r\n\r\nAll available resources have been\u2014and will continue to be\u2014allocated to land acquisition, infrastructure development, and value creation for future stakeholders, including bondholders.\r\n\r\nThis alignment of interests is central to our approach and to the credibility of the project.","status":"In progress","priority":"Medium","version":"V1 2025\u201112\u201122","update_date":"2025-12-23","linked_faq_id":"9","notes":"the only fee is my 5k per month, we do not take anything *cry*","updated_at":"2026-01-15 13:29:57"}