FINALLY WE GET SOME POSITIVE NEWS FOR A CHANGEKudos to all but Luis Crisostimo for approving this lease agreement, shaky Luis wanted to be different again but clearer heads prevailed.
Here is part of the story...
Saturday, December 01, 2007
40-year LaoLao lease OK'd
Approval signals start of $100M Kumho dev't plan
Kumho Asiana and the local business community breathed a sigh of relief yesterday after the Legislature granted the new owner of LaoLao Bay Golf Resort a fresh 40-year lease of the Kagman property. The Senate and House of Representatives voted unanimously to approve Kumho Asiana's proposal to lease the 161-hectare public land.The lawmakers' decision will enable Kumho Asiana, which recently acquired Saipan LauLau Development Inc., to proceed with its $100-million resort development project for the golf facility. The Whole Story
Here is part of the story...
Saturday, December 01, 2007
40-year LaoLao lease OK'd
Approval signals start of $100M Kumho dev't plan
Kumho Asiana and the local business community breathed a sigh of relief yesterday after the Legislature granted the new owner of LaoLao Bay Golf Resort a fresh 40-year lease of the Kagman property. The Senate and House of Representatives voted unanimously to approve Kumho Asiana's proposal to lease the 161-hectare public land.The lawmakers' decision will enable Kumho Asiana, which recently acquired Saipan LauLau Development Inc., to proceed with its $100-million resort development project for the golf facility. The Whole Story
This should bring some action to the local coffers and help revive some cash flow.
So I tip my hat to all who saw the light and voted to approve this projects forward movement...
.....GED.....
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