CoreTech gets permit app for Emerald Oceanview - KUAM.com-KUAM News: On Air. Online. On Demand.

CoreTech gets permit app for Emerald Oceanview

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 by Ken Quintanilla

Guam - It was back in April when CoreTech international purchased the mortgage for the Emerald Oceanview Park project that has continued to be an eyesore for several years. And according to chief executive officer Chit Bathan, development slowly continues to move forward as CoreTech picked up a building permit application this week at the Department of Public Works. She says CoreTech is still conducting an assessment of the facilities but hopes to have plans in place before the end of the year. CoreTech legal counsel Edwin Ching adds the buildings are in "terrible shape" but CoreTech hopes to clean them up to prevent from further deterioration. It was back in late 2007 when Younex International first announced plans to develop the $100 million project however it encountered financial delays and legal challenges.

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