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The favored Landmark Seaside and Resort in Oniru Victoria Island has been penciled down for demolition for the development of the 700km Lagos coastal rail.
The administration of the seaside and resort estimated at over $200m (N245 billion at N1,230/$ NAFEM fee) had referred to as for the reversal to the unique grasp plan of the mission to spare the 1.5km stretch of the resort.
However final weekend, the Lagos authorities issued a one-week demolition discover to the resort administration.
In a letter to the Chairman of the resort, Paul Onwuanibe and signed by the Deputy Director (Growth Issues Division), Tpl Shomolu O., on behalf of the everlasting secretary of the Ministry of Bodily Planning and City Growth, the state authorities listed the sections of the property billed for demolition to incorporate the Seaside Resort, Youngsters and Bay Area, Members Space, Lagos Seaside Membership, which fall throughout the Proper of Manner of the proposed highway mission by 50 meters.
The Landmark web site is dwelling to over 80 companies and supplies greater than 4,000 direct jobs along with producing over N2 billion naira ($1.5 million) in annual tax income.
“Consequently, the affected portion shall be eliminated in overriding public curiosity, to pave means for the highway building mission from seven (7) days of serving this discover.
“In view of the above, I’m to request you to ahead all paperwork supporting your possession of the property to the Everlasting Secretary, Lands Bureau, Block 13 and 14, The Secretariat, Alausa, Ikeja.”
The Landmark Realty, a property improvement firm managing the agency, nonetheless lamented the plan to have the highway reduce by way of its ecosystem, opposite to the preliminary plan.
In its ‘Briefing observe on the Lagos-Calabar Coastal Street Development and the preservation of tourism and hospitality companies alongside the Coastal Proper Of Manner,’ the corporate referred to as for an in-depth session to safeguard the expansion of tourism and hospitality Business.
It careworn that the unique building plan for the highway – as a part of the West Africa coastal freeway – was to undergo the Water Company Street Median, which continues to be undeveloped.
It, subsequently, expressed shock that the plan was modified to now reduce throughout its ecosystem “with over 80 companies working inside” it.
It stated, “Landmark acquired beachfront realty alongside the Water Company Street in 2007 and on the time, the unique building plan for the Street as a part of the West Africa coastal freeway was to undergo the Water Company Street median, which so far stays undeveloped.
“The Landmark Group is now searching for the federal government’s intervention in facilitating the rerouting of nearly 1.5km out of the 700 km stretch of the Street to its authentic location on the Water Company Street median.”
The corporate stated it welcomed over 3 million guests in 2023; ” A big variety of which had been from the diaspora or foreigners who got here to take pleasure in ‘Detty December’ in what’s arguably the premier leisure and tourism vacation spot alongside the West African shoreline”.
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