The post you are reporting:
Yes but Paul, that is the topic I'm pointing out: CGI own some areas on W.H. and at Farthingloe and are pursuing their own interests!!!
They purchased these areas with the intention of developing them at some point.
At the meeting 8 days ago, it was explained to us all - you were also present - that China Gateway was originally intended to be a project for assembling goods made in China so as to by-pass import laws, laws which later became irrelevant!
So the project never went ahead.
Consequently, China Gateway, after a change in name to China Gateway International, proposed to develop houses instead, and a hotel and conference centre.
The DDC core strategy does not include development of W.H. and Farthingloe into housing areas, and the corporate plan 2012-2016, which I mentioned previously, seems to have been added to include the CGI housing proposals, as their original plan fell through.
That's how I understand it.
In other words, CGI found themselves sitting on land that could not be used for the originally intended purpose, and need to have a planning permission - any planning permission - in order for its value to increase enormously so they can then sell it to developers, on it in order to repay their loan to Israel.