If the Dutch have rights to the property as Collateral and its in default then seems like they could auction it off to a real developer that would benefit the Island. Lot of Ifs.
The SXM government keeps inflation the amount of money its owned so they can borrow more money so lots and lots of bogus amounts being sent out to individuals and SXM businesses. Another way the gov scams the Dutch and banks. Bogus accounts receivables limited real assets. Their aint no gold in these hills so hopefully the gov does not keep messing up its only money maker ....Tourist.