As HBW reported several weeks ago, Sheraton's American corporate owner Starwood gave Marriner orders to start fixing up the place and making the improvements that he had promised them when he purchased the property in 2011. At that time, Marriner made "off the record" suggestions to various people that investors included Clive Palmer and the Williams family. However when denials began to appear, it was revealed the most likely investor was Mainland Chinese, looking to snap up a tourism bargain.
Marriner then said $120M would be necessary "just to keep the lights on", and used the threat to attempt to secure loans, or grants, or some other kind of "free money" from the state and federal governments. In another community failure, Entsch brought Shadow Finance Minister Joe Hockey to a presentation where he looked stunned when he realised it was a setup to get dosh from him. This was one of the Entsch "Bucket O' Money" projects that he tried to fund after busting his arse killing the Entertainment Precinct. What's the difference between Warren Entsch and Halley's comet, anyway? One's a giant ball of gas, the other one's just a shooting star.
More proof that all the LNP has done is strip money and assets from the Far North. Thanks a lot, Wazza!
Apparently the Chinese are now in control of the resort. Likely Laguna Quays, as well.
"And the ship sinks like lead into the sea
And the hermit shrieves the Marriner of his sins"