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This profile was last updated on 3/4/15  and contains information from public web pages.

Mr. Keith Russell

Wrong Keith Russell?

Land Developer and Chief Executiv...

P.O. Box 44803
Rio Rancho , New Mexico 87174
United States

Company Description: Amaterra is organized exclusively for research and education regarding the preservation and improvement of the natural resources of the earth for the benefit of...   more

Employment History

  • Real Estate Developer
    Jamaica Gleaner News

Board Memberships and Affiliations

  • Member
21 Total References
Web References
Keith Russell, land ... [cached]
Keith Russell, land developer and CEO of Amaterra Jamaica Limited. - File
Keith Russell, a principal in Amaterra Jamaica Limited, has asked the Office of the Contractor General (OCG) to weigh in on the process being used to select casino investors following another rejected effort last November to put his project back in contention.
Amaterra's bid for a casino resort order was first rejected more than a year ago for not complying fully with the required bid fees.
The contractor general has been asked to determine whether Amaterra was justifiably disqualified in its application for the so-called Approved Integrated Resort Development order (AIRD), which is a prequalifier for an eventual application for a casino licence, only three of which are provided for under law.
Russell and the company he represents also want the OCG to determine whether the minister of finance "misled the company into believing that he had the power to set conditions for the fulfilment of the application".
Russell himself responded to the minister on December 23, charging that the non-responsive designation given to his company's bid was contradictory to the treatment afforded Celebration Jamaica and charged that Phillips had misled his company back in March 2014 when he acknowledged receiving the bid fee and advised that a meeting with the AIRD project coordinator, Apec Consultants, would be forthcoming.
By letter dated January 29, 2015 under the signature of senior director Maurice Barrett, the OCG advised Russell that his complaint would be reviewed and the results conveyed to him.
Keith Russell, land ... [cached]
Keith Russell, land developer and CEO of Amaterra Jamaica Limited.-File
Keith Russell, chief executive officer of Amaterra Jamaica Limited, said the Trelawny-based company is now in full compliance with Ministry of Finance tender requirements, having paid the outstanding US$127,500 balance on the application fee for its casino resort bid.
But Russell also said Friday that Amaterra had instructed its bank to hold payment on the cheque - a hold that would be lifted when the ministry facilitates a meeting requested by shareholders.
"We have heard from the ministry and we have complied with their request," Russell told Sunday Business on Friday.
In previous interviews, Russell said that the final application was made under duress as its attempts to get information from the ministry for full preparation of the bid had been frustrated. Amaterra has said previously that it needs clarification on IRD regulations for its financial backers to assess costs.
Russell's partner in the venture is American Charles 'Chip' Murphy III, who is also chief financial officer of Amaterra.
Another bidder, Keith ... [cached]
Another bidder, Keith Russell of Amaterra Jamaica Limited, says he is yet to hear from the Ministry of Finance in relation to its request for a meeting before the outstanding fee is paid.
Keith Russell, land ... [cached]
Keith Russell, land developer and CEO of Amaterra Jamaica Limited.
Keith Russell, land developer and CEO of Amaterra Jamaica Limited.
Keith Russell, CEO of Amaterra Jamaica, said Wednesday that he has been pursuing financing primarily from overseas funders, complemented by limited local participation.
We wrote them again and got no response," said Russell.
"We attended the briefing in September hoping to get the responses there, but none were forthcoming. We needed the information in order to get a full-scale analysis and feasibility study," Russell explained on Wednesday.
Investors concerned
Amaterra's investors raised questions - to which Russell said they only received responses a few days ahead of the November 30 bid deadline - in relation to missing draft regulations; the number of casinos allowed on the property covered by the licence; the issue of geographical exclusivity ; the duration of licences and other matters.
The late response, he said, was one of the reasons for Amaterra holding back 85 per cent of the application fee.
"We made the application under duress; we have all the money," said Russell.
"We want to ensure that the things which were not answered effectively, that consideration be given that we did not have the information required. How can you do a feasibility plan without the regulations? he demanded.
Russell's partner in the venture is American Charles 'Chip' Murphy III, who is also chief financial officer of Amaterra.
Russell said his project was "shovel ready" and could commence construction by mid-2014 once all hurdles are cleared.
"Amaterra is now taking the steps necessary to complete negotiations with respect to the financing for the development," he said.
Jamaica - Jamaican News - Jamaica Real Estate News-Projects [cached]
Amaterra Jamaica Limited developer, Keith Russell, has announced another major project for the parish of Trelawny. Mr. Russell and his wife, Paula, are currently putting in infrastructure in the form of roads and pipes in the Duncans, Trelawny area to accommodate 140 lots for the Tamarind Ridge gated community - by Silver Sands Jamaica Limited. . . . (Full Story March 7, 2007)
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