Guam - The Guam Housing Corporation is just waiting on a Superior Court judge to approve a settlement that's been reached between the Government of Guam and Maeda Pacific for the stalled Lada Estates Affordable Homes Project. As we reported the development stalled more than two decades ago when the government failed to pay the company for the construction costs associated with the first phase of infrastructure.
The proposed settlement would allow Maeda to build and sell the homes to recoup their money. GHC president Martin Benavente says they're just waiting for the settlement to be approved, telling KUAM News, "We're hoping that the judge will put out that ruling soon, but its nothing has come out in the past few days. The last day we submitted some briefs, our legal counsel submitted, we're waiting now for the judge to say this looks good, we're going to do it, and we're very close to it."
The site of the Lada Estates project has become a trash dump. Should the court disapprove the settlement that's been proposed, the matter would go to trial.