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Alter City to make $1.2M partial payment for site permit
Macau-based Alter City Group will meet with Gov. Eloy S. Inos today on Capital Hill to present a ceremonial check as partial payment for the firm’s siting permit.
Press secretary Ivan Blanco said the partial payment will be “around $1.2 million as siting fees.”
Payment of the siting fees is required by the CNMI through the Division of Coastal Resources Management office.
Key executives of Alter City are expected to be on Capital Hill for ceremony.
The company secured from the government last year a lease on a 152-hectare Tinian land for a $360-million casino resort that it expects to complete within 12 years.
The development is in three phases and includes the construction of 1,000 hotel rooms, water parks, an 18-hole golf course, villas, casino facilities, and related tourism amenities.
In November 2014, a joint session of the Senate and the House of Representatives unanimously approved the public land lease.
Alter City Group plans to build its casino resort at Puntan Diablo, also known as Nasarino, on Tinian.
It is the same area that was previously leased by Marianas Resort Development Corp., or MRDC, before the latter abandoned the lease. MRDC had planned to build a $300-million Matua Bay Casino Resort on the property, including an 18-hole golf course.
The relocation of Tinian’s landfill in Puntan Diablo, meanwhile, is still being discussed with the U.S. military but a proposed site has already been identified, according to Tinian Mayor Joey Patrick San Nicolas.
“The property where the dump sits has been leased to Alter City Group so the leadership is working very hard to relocate the dump and we’ve thought that the appropriate site should be at Pina,” he said.
Alter City has proposed to provide funding for the relocation of the dumpsite, saying they wouldn’t move forward with their project until Tinian’s leadership relocates the dumpsite.
