Gran Scala

ILD promises the draft of Gran Scala project in four weeks

ILD paid another 352.000 euro as a buying option for 1098 hectares in Ontiñena, Spain.

The project developers, ILD, will submit the Gran Scala draft to the local government, DGA “in three or four weeks”. This was said yesterday by Josep Carreras and Fernando Redondo, ‘two ILD members’ who traveled to Ontiñena to hand a total of 352.420 euro to the 70 land owners to maintain its ‘ownership option’ on 1098 hectares on which it is expected to build Gran Scala entertainment resort.

This is third payment installment according to the buying time line, the developers have already paid 900,000 euro as (12%)  a sign/deposit for the land and now the next and last payment is approximately a 7 euro million will have to be paid in eight months time (before March 2011), as stated on the land owners contracts. In the meantime, land owners and council hope to formalize soon the purchase options of the remaining bit of land, more than 300 hectares are being delayed due to missed ownership documentation and legal burocracy.

Despite the backlog and the growing doubts about the future of the project, representatives of ILD again ensure that Gran Scala continues. While recognize that the project time frame has been modified. Thus, in a first phase provided up only one third of the overall project, ie three large theme parks, 4 or 5 medium weight themed parks and 9 or 10 casino-hotels. They estimate that this phase will create up to 20,000 jobs.

The construction works should start “within two years”

The final project features will be defined in the high-capacity entertainment centre application that will be submitted to the local government (Diputacion General de Aragon) in July, with all the documentation required by law (environmental impact reports, financial guarantees…). ”Then we wait for the government response, we will correct any errors and then present the final draft,” ILD developers said.  They did not give any specific dates for the commencement of the ground works, but “should start within two years.”

Ontiñena’s Mayor, Angel Torres, did not hide his satisfaction when seeing the new checks handing to the owners, 90% of whom are residents in Ontinena, town of 600 inhabitants.  Arising so many doubts from the delay of the project and its downsizing, he said convinced that “Gran Scala will be done if we all do our bit.” ”And even they just make 50% of predicted figures we’d be happy,” added Torres, who also stressed that if granscala doesn’t succeed, “the land owners would have received their money and will continue farming.”

Pascual Oliveros, 89, was one of the neighbors who received the third term of the purchase option for his 12 hectares, ” inherited by my father in law a hundred years ago and we still working, but this year the harvest was very poor .  In his view, has done a good business because the 8,000 euros per hectare is five times the market price, “however, if this land was irrigated/watered one, I would not sell them.” He will take  the money and “share it with my two sons.”

A Luis Ostale of 81 years, also was given a check yesterday for their land, where his nephew grow wheat. ”I think they will end up buying all the land,” he said. Hi thinks that when the first casino is open, he will go and live in Lerida, “because the town will change completely,” he predicted.

Mr. Angel Consola, 57, came from Barcelona to collect the moneys for 10 hectares, inherited from his parents.  “I’m sure they will pay the rest of the money because they’ve already paid me 12% and no one gives money away” he said.  He defend and supports Gran Scala project “because everything that brings prosperity is very welcome, socially embraced, and because this is going to be great for Aragon and Spain.”

junio 17, 2010 Publicado por Andres Carceller | English | Dejar un comentario