Issue link: https://maltatoday.uberflip.com/i/811845
Newspaper post JURGEN BALZAN THE White Rocks development could be set to remain a white elephant, as Malta- Today is informed that talks between gov- ernment and the consortium interested in developing the White Rocks site has hit a snag, with parties disagreeing over the price tag of the prime site. The government and the preferred bid- der White Rocks Development Company have been involved in talks for over a year but MaltaToday was told by a source privy to the business deal that discussions have stalled. The consortium was planning to develop 70 middle-to high-end villas with prices ranging from €1 million to €5 million but these plans could be shelved as the two parties have failed to agree a price for the transfer of land. Attempts to contact economy minister Chris Cardona – who has tied his political career to the project – proved futile, while a member of the consortium refused to reply to questions, claiming that a non-disclosure agreement was agreed with government. Three years ago, Cardona said his political career was tied with whether the develop- ment of the former White Rocks complex in Pembroke proves to be a success or not. YOUR FIRST READ AND FIRST CLICK OF THE DAY WWW.MALTATODAY.COM.MT SUNDAY • 16 APRIL 2017 • ISSUE 910 • PUBLISHED EVERY WEDNESDAY AND SUNDAY YOUR FIRST READ AND FIRST CLICK OF THE DAY WWW.MALTATODAY.COM.MT SUNDAY • 16 APRIL 2017 • ISSUE 910 • PUBLISHED EVERY WEDNESDAY AND SUNDAY • PUBLISHED EVERY WEDNESDAY AND SUNDAY maltatoday White Rocks project hits the rocks HAPPY EASTER The staff at MaltaToday wish our readers a peaceful Easter Sunday "The Church should not teach religion at all. It should teach values, and values are universal" Talks between government and consortium stall over price of prime site in Pembroke earmarked for development of luxury villas PAGE 3 MALTATODAY SURVEY Religion and identity GZIRA HIGH-RISE 14 15 Two towers rising to 25 storeys in the heart of Gzira PAGE 2 Maltese split on teaching of Islam in schools PGS 10-11 Fr MARK MONTEBELLO NAO holds on to inquiry into minsiterial credit card usage €1.40 SUNDAY • 16 APRIL 2017 • ISSUE 910 • PUBLISHED EVERY WEDNESDAY AND SUNDAY today today • PUBLISHED EVERY WEDNESDAY AND SUNDAY today • PUBLISHED EVERY WEDNESDAY AND SUNDAY 7 WWW.MALTATODAY.COM.MT WWW.MALTATODAY.COM.MT HAPPY EASTER The staff at MaltaToday wish our readers a peaceful Easter Sunday NAO holds on to inquiry into minsiterial credit card usage