| Adam Development/Urbahn Associates, LTD (ADUA), in a statement yesterday, announced that the sod-turning ceremony to mark the start of construction for the Marriott Hotel in Kingston is to be rescheduled upon receipt of the Environment Protection Agency (EPA) Permits.The date was tentatively scheduled for the end of July when President Bharrat Jagdeo had announced that the investors had requested a one-month stay.This newspaper has since been reliably informed that the environmental study that would clear the way for the EPA permit has not been completed and is expected to take at least a month.In April 2008,Chicago White Sox Jerseys, ADUA presented its design plans and drawings of the hotel to key stakeholders including EPA, Mayor and City Council (M&CC),Tommy McDonald Eagles Jersey, Central Housing and Planning Authority (CHPA), Sea Defence Board, and the government. On May 16, 2008, the EPA held a scope meeting to determine the Terms of Reference (ToR) for the Environmental Impact Assessment being completed by Environmental Management Consultants. In June 2008, the ToR was approved by the EPA and posted on the EPA website. In August,Buffalo Sabres Throwback Jersey, ADUA through its Environmental Consultants, will present the draft EIA to the EPA for review, approval and issuance of a permit.ADUA confirms that it has secured the funding for the entire project which will cost in excess of US$50M.ADUA and its principals are providing the necessary guarantees for the funding. The financing closing will be consummated in Guyana via its Guyanese subsidiary that will be executing the project on behalf of ADUA. In May , ADUA under contract from the Government of Guyana and GWI constructed new sewerage pipes to allow the site to be cleared for construction. The well was also relocated. Additionally, in May, ADUA at its own cost completed initial clearing, and demolition of buildings including the former Luckhoo Pool. One building temporarily remains and will be used as a construction site office. Prior to the sod-turning ceremony the entire site will be cordoned off via fencing to allow for the start of construction.According to the statement, “ADUA looks forward to concluding its paperwork and regulatory approval for construction with Government agencies including the EPA, the Mayor and City Council,Kevin Love College Jersey, and the Government of Guyana…Construction shall be ready to start upon all regulatory approvals and required permits.”Representatives of ADUA,Jimmie Foxx Red Sox Throwback Jersey, the Marriott Organization, the financers, and the government will be present at the long-awaited sod turning ceremony.The intent of the project, according to ADUA, is to establish a modern, iconic, state-of-the-art hotel, Casino, and entertainment complex in Georgetown — capital city of Guyana.It is expected to be an extensive, secure facility with a wide range of accommodation, entertainment, restaurant and concession offerings, and developed according to the highest international standards.The complex is expected to attract visitors from abroad, especially the Caribbean, North America and Brazil.The main compound will consist of a world-class hotel,Oakland Athletics Santiago Casilla Jersey, Casino,Daeshon Hall Jersey, nightclub, and restaurants,Jake Allen Jersey, all contained in a single building.The proposed development will be located on a 6.27-acre parcel of land located in northwest Kingston, Georgetown,Cheap Nike NFL Jerseys, contiguous to the Atlantic Ocean and the Demerara River.The total building area of the hotel, Casino and entertainment complex, excluding parking, is approximately 185,000 square feet.The building complex would rise to 10 floors. The hotel portion of the complex would be approximately 135,000 square feet, consist of 160 rooms, and be operated by Marriott International.The Casino and entertainment portion of the complex would comprise approximately 50,000 square feet and be located on three levels.ADUA has identified its investment to be US$52 million, with an average yearly turnover in the first 10 years of approximately US$11million. |
