project on Tinian<\/a><\/em><\/strong>, in the Northern Mariana Islands.<\/p>\n\n\n\nAt a recent inspection it was found the company had not secured the proper certification to go ahead with construction. Work has been halted until the projects plans are reviewed and approved.<\/p>\n\n\n\n
According to Saipan Tribune, an inspection last week discovered the group was building a hotel, restaurants and a casino at a site that was only authorised by the Commonwealth Ports Authority (CPA) to be a ferry terminal.<\/p>\n\n\n\n
CPA\u2019s executive director Christopher S. Tenorio said in a board meeting this week that the company had been notified of the breach and was ordered to cease and desist with any unapproved construction work.<\/p>\n\n\n\n
The project being built by BIG is expected to include Wyndham Hotel Group.<\/p>\n\n\n\n
Tenorio confirmed the CPA will now receive the project\u2019s plans and review them so construction can proceed. Continuing without approval would imply a violation of the lease agreement on the site.<\/p>\n","protected":false},"excerpt":{"rendered":"
Authorities say the developer had not secured the proper certification to go ahead with construction.<\/p>\n","protected":false},"author":2,"featured_media":7797,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Bridge Investment Group LLC (BIG) has been ordered to halt construction of its hotel and casino project on Tinian, Northern Mariana Islands, due to a lack of proper certification and building on a site authorized only for a ferry terminal. The Commonwealth Ports Authority (CPA) issued a cease and desist order, requiring project plans to be reviewed and approved before construction can resume, citing a breach of the lease agreement.","focusai_entities":"Bridge Investment Group LLC, BIG, Wyndham Hotel Group, Commonwealth Ports Authority, CPA, Christopher S. Tenorio, Saipan Tribune","focusai_location":"Tinian, Northern Mariana Islands, Pacific Islands","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.8), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Regulatory Compliance Deficiencies?","query":"What are the specific regulatory and permitting deficiencies identified by the Commonwealth Ports Authority that led to the construction halt for Bridge Investment Group LLC's project?"},{"label":"Financial Impact Assessment?","query":"What is the projected financial impact of this construction halt on Bridge Investment Group LLC, its partners, and the overall project valuation, considering potential penalties and delays?"}],"footnotes":""},"categories":[16336,28],"tags":[29],"class_list":["post-7795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-casino-news","tag-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=7795"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7795\/revisions"}],"predecessor-version":[{"id":7815,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7795\/revisions\/7815"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/7797"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=7795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=7795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=7795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}