Dynasty's a major investment
The Issue: The feud between CUC and Tinian Dynasty that the latter hooks up to city power.
Our View: However the agreement, all must guard against a major investment sinking into bankruptcy.
The CNMI recently approved a business incentive law that would hopefully encourage current investors to expand and lure new ones to these isles.
It is a matter of policy that trumpets our desire to allow current investors room to maneuver while luring the big fishs still in the deep blue waters so that they can jointly rejuvenate revenue generation.
It should serve notice to all government departments and agencies that the new policy grants current investors to muddle through these difficult times. It is your role to facilitate how best do we salvage ailing company or industries.
In this connection, it should dawn on the Commonwealth Utilities Corporation that it can’t possibly allow an agreement to dictate the final demise of Tinian’s largest investment–Tinian Dynasty.
It is surprising that local Tinian leadership has done everything it could within the confines of reason to ascertain that the island’s largest investment doesn’t sink together with tunnel visions of entrenched heads of government agencies. It matters to them that it is given the opportunity to make it through these bad economic times. Obviously, it should matter to CUC too that the Tinian Dynasty survives the drop in business activities.
That Tinian Dynasty can save money by using its own generator over the more expensive city power warrants that local government agencies partake in granting the struggling hotel/casino the chance at cost recovery. To stubbornly stick to an irrelevant agreement is to force it into bankruptcy while shutting down the gates of investment forever.
In other words, if an agency wishes to force the issue rather than taking a positive attitude towards strengthening the largest investment in nearby Tinian, a closure would reverberate throughout Japan and Asia as to force other investors to think not twice, bur thrice about investing in these isles. Think about it! JR.
