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Remark 199

by in Trust September 23, 2020

“The bank was not giving us any more time to take another few years after our application was rescinded. Our economist, in tandem with the municipality’s, knew that 224 units was not a viable route with the amenities that the island wanted along with that number of units, based on the scenario our planner had designed for that particular density. It is possible it could have worked with a different plan for that density, but we truly didn’t have any more grace period from the bank. We had to proceed with the zoning that already was in place when we bought the land: large private estates, minimum 4 hectares.” (Candy Ho, COB)

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