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Ginowan set to reenergize west coast development

Date Posted: 2010-10-28

After a series of costly miscues and failures by private enterprise, Ginowan City says it now has contracts moving into place to begin its west coast redevelopment projects.

The Ginowan City Industry Location Examination Committee has found and selected a new company, and told the mayor “we have had many applicants and the best was San-A supermarkets.” The plan is to build a composite commercial facility with San-A Supermarket as the core business.

Mayor Iha said official decisions will be made over the coming weeks as how to best revitalize the Okinawa Convention Center district with hotels and amusement businesses, noting he hopes more than 500 workers will be added to the employment base. The new San-A Ginowan Convention City has created a ¥5 billion budget, not including land acquisition costs. Land purchases are expected to total an additional ¥1.6 billion.

Ginowan City’s Land Development Bureau purchased the necessary land from Okinawa Prefecture in 1999, hoping to attract industrial companies to settle in the city. Both Hotel Sheraton and Intercontinental Hotel were planned for the area, but both failed to materialize. Ginowan City says it anticipates generating annual revenues of ¥58 million from corporate taxes on the real estate, and another ¥15 million from San-A.

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