NIKKI
Feb 11, 2007, 9:27 PM
Galveston Daily News
Feb. 9th
08:08 PM in Buzz
Flat-out interesting
Posted by Laura Elder
Should we file this under “P” for preposterous? Around the holidays, a rumor was floating that the Royal Family of Dubai was planning to buy roughly 600 acres known as the East End flats in Galveston.
What I dismissed as rumor went something like this: Members of the royal family wanted to go where no developer had gone before, investing millions and millions of dirhams just to stabilize land long used for dredge spoils.
The plan? Build a waterfront residential project massive enough to house 80,000 people. About 60,000 now call Galveston home, in case you're missing just what “massive” means.
Perhaps I was too hasty in dismissing the rumor.
City officials recently dispatched requests for information from potential developers. In Thursday's city council meeting, Mayor Lyda Ann Thomas said the city had received encouraging interest from developers, including some from Dubai.
Dubai's royal family has been in a $3 billion hotel-buying spree in the United States, according to reports. Apparently, money is no object for Dubai's ruling family. Members also have snapped up trophy properties around the United States. Dubai is one of the seven emirates that make up the United Arab Emirates on the Persian Gulf.
Stay tuned.
http://galvestondailynews.com/blog.lasso?b...be34d234d8cd34f (http://galvestondailynews.com/blog.lasso?blog=fbe34d234d8cd34f)
Feb. 9th
08:08 PM in Buzz
Flat-out interesting
Posted by Laura Elder
Should we file this under “P” for preposterous? Around the holidays, a rumor was floating that the Royal Family of Dubai was planning to buy roughly 600 acres known as the East End flats in Galveston.
What I dismissed as rumor went something like this: Members of the royal family wanted to go where no developer had gone before, investing millions and millions of dirhams just to stabilize land long used for dredge spoils.
The plan? Build a waterfront residential project massive enough to house 80,000 people. About 60,000 now call Galveston home, in case you're missing just what “massive” means.
Perhaps I was too hasty in dismissing the rumor.
City officials recently dispatched requests for information from potential developers. In Thursday's city council meeting, Mayor Lyda Ann Thomas said the city had received encouraging interest from developers, including some from Dubai.
Dubai's royal family has been in a $3 billion hotel-buying spree in the United States, according to reports. Apparently, money is no object for Dubai's ruling family. Members also have snapped up trophy properties around the United States. Dubai is one of the seven emirates that make up the United Arab Emirates on the Persian Gulf.
Stay tuned.
http://galvestondailynews.com/blog.lasso?b...be34d234d8cd34f (http://galvestondailynews.com/blog.lasso?blog=fbe34d234d8cd34f)