Word: lande
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...casino is located on a 24-hectare strip of land on the southern shore of Marina Bay, not far from the city's growing financial district at the mouth of the Singapore River. In February American casino operator Las Vegas Sands broke ground there on what will be the city's first integrated resort, scheduled to be completed in 2009. Beyond gambling, the Marina Bay Sands-composed of three nearly identical 50-story towers-will offer 2,500 hotel rooms, 93,000 sq m of convention space, two theaters, an ice-skating rink, shops and restaurants. A revitalized waterfront will...
...other casino, to be developed by Malaysia's Genting International, will stand on Sentosa Island, which is connected by bridge, light rail and cable car to the main island. Using land it had been reclaiming since the 1970s, the government several years ago began auctioning Sentosa plots to the private sector, but only to be developed under its careful guidance and marketing. Beaches that ringed the island were spruced up, and two golf courses modernized. Thirteen hotels containing about 3,500 rooms are planned, providing lodging for tourists drawn to the beaches, the casino and a Universal Studios theme park...
...government hopes the high-end properties will be purchased by wealthy locals as well as expat residents and overseas investors. To bring in the latter, a new property law was passed last year making Sentosa Cove the first land in Singapore that could be owned by foreign individuals (through 99-year leases) without special government clearance. Previously, foreigners could not easily secure land rights; those wishing to invest were obliged to purchase condominiums...
...Sentosa Island. The hoi polloi need not apply. Luxury homes there cost as much as $20 million; residents have access to a yacht marina and a world-class golf course. To attract rich foreigners, Singapore amended its property laws to allow expat buyers to secure 99-year leases on land. The project is part of a wide-ranging plan to upgrade Sentosa Island for tourism...
...capitalist ideal is free markets and level playing fields; the lobbyist ideal is influencing the levers of power to help clients. In the Bush Administration, lobbyists control those levers of power, and use them to provide corporate welfare, tax breaks, access to public land, and other big-government goodies to friends in pro-Republican industries. Baroody knows how to work those levers; he's worked in the Washington henhouse since 1970, and he's intimately familiar with the CPSC. Consumer activists had called him "totally unqualified," but they're breathing easier today because they know he's just the opposite...