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No winners yet in Ginowan City’s 2nd Town Project

Date Posted: 2004-12-16

Ginowan City is still looking for a good company to join its plan for a second town project.

The sprawling 28,850 square meters section of land near the Okinawa Convention Center was targeted for expansion and development earlier in the year, but so far, officials haven’t found a suitable suitor.

The idea was to create a functional spaces area adjacent to the downtown Ginowan City area, but Economic Section Director Yoshimitsu Ishikawa says “I’m very sorry to say there was no one suitable business company to clear the judges’ study. We did work hard to get better business into this space, and we have attracted some companies and judged them.”

Ishikawa says three companies bid, but were not accepted. A Fukuoka Prefecture company, Conduct, applied, as did Sango Urban Property from Tokyo. A third company, Ocean Life Breeding Center, is from Okinawa. Ginowan City officials say the three companies have been studied since last August, but they still aren’t satisfied any of the three are best for the contract.

“It’s a very hard situation now to make business in this area,” says Ishikawa. “There should be many conditions met, but they haven’t been.” He says they’re “still inviting some businessmen to come and do business” with Ginowan City.

The City’s First Town Project, which covers about the same amount of acreage, is moving forward. “There’s already one company chosen,” says Ishikawa. “Prince Hotel Group owned by Seibu Group is in. We are now looking for construction companies, to see which are the best developers, and which can run the Prince Hotel well.”

Officials know time’s running out. The land sales must be completed by next March.

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