Las víctimas olvidadas de Stanford ahora disponible en español

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Wednesday, May 14, 2014

Gov’t keen to offer incentives for Guiana Island project

This could be good news for Stanford victims if Grant Thornton are able to sell Guiana island. No figures mentioned but we can assume Grant Thornton will be requiring a substantial sum for the sale of the island. which in turn will result in more money for the victims 

 ST JOHN’S, Antigua – Finance Minister Harold Lovell said Yida International Investment Antigua Limited, led by Yida Zhang, is seeking approval under the Citizenship by Investment Programme (CIP) as well as incentives under the Business and Tourism (Special Incentives) Act for a mega resort and residential development on Guiana Island and surrounding areas.

 “Government has approved the project and is willing to give the necessary concessions,” Lovell said.

 “We have done everything we can to facilitate the project and get it moving,” he added. “The possibilities exist that we do what is necessary in order to ensure that the project comes off the ground.”

 Lovell said the group is still finalizing its purchase of the 1,517 acres of waterfront land, including Guiana Island, Crump and Rabbit Island and the Crump Peninsula, from the Stanford liquidators.

 The IPR concept for the area put to market by the Stanford liquidators includes five hotels with 1,060 keys, 1,300 residential units, a casino and conference center, golf course (27 holes), marina and landing facilities and commercial, retail and sports facilities.

 Lovell said the government has been doing its part to ensure the mega project can move ahead full speed, but is waiting for the group to finalise its purchase from the Stanford liquidators.

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