Actually its on the Dutch side <....rimshot...canned laughter...>

Wasn't the Flamingo part of Pelican (now SBR) originally? Perhaps they are waiting to put the property up for sale. Perhaps Royal Resorts wants the properties. (100% speculation) Keep in mind SBR was looking to build a private beach the whole length of water front in front of the Marina building. Would they want that entire area? Also make up for the lost units. Again 100% speculation.

Never walk onto a job site with empty hands. - Source Unknown