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Update on the current status and likely timeframe of the Waterfront Development including litigation issues

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WRITTEN QUESTION TO THE CHIEF MINISTER BY SENATOR B.E. SHENTON

ANSWER TO BE TABLED ON TUESDAY 7th JUNE 2011

Question

Given the commitment that no work on the Esplanade Quarter Masterplan will commence until the States Assembly has approved the developer and secured the payment of a bond, coupled with the fact that P.24/2011 to allow piecemeal development was defeated, can the Chief Minister update the Assembly on the current status and likely timeframe in respect of the Waterfront development, including comment on the ownership of the Masterplan and any possible litigation in this area?

Answer

Until such time as the appointment of the developer is approved by the States, I cannot provide a likely timeframe for continued Waterfront development. I am advised, however, that the ownership of the Esplanade Quarter Masterplan rests with the Minister of Planning and Environment. I am not aware of any litigation in this area.

I cannot provide any information regarding discussions with potential tenants for the Waterfront development for the obvious reason of confidentiality.