Chinese investors are proposing a tourism resort on Yap which would dwarf any current development in the Federated States of Micronesia if it were to come to fruition.
The Kaselehlie Press reports that a private investor group called the Exhibit and Travel Group (ETG) from Chengdu in Sichuan Province has met with Yap State officials to discuss the proposal. The development could involve as many as 10 hotel complexes with up to 4,000 guest rooms which, if approved, could be ready for occupancy in 2015.
The ETG proposal involves what they call a “world-class island international tourism resort” with convention centers, casinos and entertainment centers, and from eight to 15 golf courses.
The Kaselehlie Press reports that Yap Governor Sebastian Anefal has called for the formation of a task force of the Yap State Legislature and Chief’s Council members to examine the proposal.