Change in Corinthia land conditions angers AD

Alternattiva Demokratika is opposed to new conditions for use of public land occupied by the Corinthia Group in St George’s Bay, which will allow the company to speculate in real estate

Corinthia is planning to transform the headland at St George's Bay where it owns and operates three hotels into a six-star luxury complex that includes real estate
Corinthia is planning to transform the headland at St George's Bay where it owns and operates three hotels into a six-star luxury complex that includes real estate

Speculators are being favoured over everyone else, Alternattiva Demokratika has hit out as it opposes changes in conditions to the public land occupied by the Corinthia Group.

AD said it was “dismayed and angered” by a proposed parliamentary resolution that will change the conditions for use of land occupied by Corinthia in St George’s Bay.

The company currently owns and operates three hotels in the area, which it wants to transform into a luxury complex that also includes real estate.

The original concession was granted to Corinthia on condition that the land be used for tourism purposes. To change the conditions and allow real estate, a parliamentary resolution is needed. The new concession agreement was recently debated in a parliamentary committee but will have to be approved by the plenary at the start of 2019.

READ ALSO: Corinthia to get DB’s conditions for six-star luxury hotel resort

AD said that the “obscene conditions” in the government’s contract for the transfer of the ITS site in the same area to the DB Group, will now be extended to the Corinthia Group.

"Konrad Mizzi, who is piloting the Corinthia motion in Parliament is justifying this deal by referring to the obscene DB Group deal. These deals mean more property speculation on public land. These deals favour the powerful few over the interests and quality of life of the residents of Pembroke and St Julians,” AD Secretary General Ralph Cassar said.

He insisted that the Corinthia deal further confirmed government’s drive in favour of rampant property speculation.

“It is further confirmation that the PLPN system is a system which favours the few over the many,” Cassar said.

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