Previous Story
Public contributions from investors
|
Posted on Dec 02 2013
When the public land for Laolao Bay Golf Course was originally leased by then Shimizu Corp. of Japan, their “public contribution” to the NMDs was to pave the roads from the interconnection of Isa Drive and Kagman Road to all of Kagman I, Kagman II, and part of Kagman III Subdivisions. When the public land for the Coral Ocean Golf and Resort was originally leased to Suwaso Corp. of Japan, their ”public contribution” for the NMDs was to pave the road from intersection of Flame Tree Drive and As Perdido Road to Koblerville Road. When the public land for the Kingfisher Golf Course was originally leased, their “public contribution” for the NMDs was to pave the road from the Kingfisher Golf Course entrance to Esco’s Bakery on Capitol Hill. When the Nikko Hotel was constructed on private lands in San Roque, their “public contribution” was to install a public sewer line from the hotel to the Puerto Rico Sewage Treatment Plant.
Public contribution is not a new method of financing and developing public infrastructures for the benefits of all NMDs, including non-NMDs.
With the economic hardship besetting the islands, the creative way to finance public infrastructure projects such as paved roads is to leverage the NMDs’ assets, which is public lands, to the benefit of all NMDs. What is wrong with that?
Since the final stage of the bidding process for three of the last remaining “super prime beachfront properties” on Saipan is nearing completion, it’s only fitting that the Department of Public Lands negotiate good and needed NMD benefits, which now is the complete pavement of all Kagman III and Kagman IV roads and accesses.
[B]Vicente M. Sablan[/B] [I]Kagman III, Saipan[/I]
