paddy_lo:

@GARTH. . .
Now he she doesnt want to uderstand that the project has zones,some for high rises,some for low rises. . .

Now i have been communicating with Mr Marc Chagouri for a while now,below are some of our correspondence

Plots are currently available for sale. Plot sizes start at 2000 square meters and up, and have a starting price of $825 and go up to $1660 per square meter (please note we do accept the equivalent in Naira). Price are determined by where your land is in location to water.

Yes you can make down payments. Our payment plan is simple and straight forward. In Phase 1, which is expected to be sand filled by the end of this year or beginning of next, is 50% down payment and 50% when you receive your land. In phase 2 and on, it is 25% down payment, 25% at the  1 year and 2 year anniversary, and the last 25% when you receive your land.

We expect developers to build up in Eko Atlantic. Taller building serving the needs of residential, commercial, retail, and office space. The city is zoned mixed use. Developers can build to their plan, so as long as it adheres to the rules of our planning deparment.

Basic infrastructure will be ready by the time developers begin building. I would like to add that we are providing the infrastructure, and that you will not need to provide your own.

Akainzo:

As much as this project would put us on the map as doing something, it is however doing something in the wrong direction.

This project is the same, doing something good in the wrong direction.

Kobojunkie:

But would this not only apply IF and only IF Government is the one manning this project?  Nothing stops the government itself from investing money into erosion control, which I am shocked it is not doing a lot of already. It is usually the governments job to make sure that the right thing is done all the time, not the private sectors, or am I wrong in this particular case?

In essence I have a right to choose to purchase and build on swamp land during the dry season. All I would think government could do is probably inform me of the risks and possibly kick me out if lives will be endangered in some way by my actions.

Akainzo:

That is the simplistic way of looking at it. Once this project is completed and people are living and paying taxes to Lagos State government, gbam, the problem is now that of the government.
Supposing there is a massive thunderstorm that threatens the island, who is going to respond? Who has to deploy resources to save lives and properties? Whose monies would be used for that venture?
I am sure none of the above questions can be answered with Chagouri and his group can it?

What has been achieved through the back door is to ensure that government erosion control would be to protect private beaches rather than the public ones, and using public funds at that!

You are quite right. Which is why many a posters have been saying that the postulation that the government of Lagos has nothing to do with this is preposterous. One government gave the go ahead, government gave some guarantees to the bank and when completed the Lagos state government has to provide electricity, security and other government presence. All this cost money and this funds could have been better utilized for the good of all if Orile had been bought over and demolished for this mega estate.

Princek12:

Based on your concerns, you would hope that the Lagos State Govt. is implementing an efficient means of taxing future occupants of buildings in Eko Atlantic, proceeds which will hopefully be used in paying for the costs incident to responding to any disaster that strikes the area.

Akainzo:

That is the simplistic way of looking at it. Once this project is completed and people are living and paying taxes to Lagos State government, gbam, the problem is now that of the government.
Supposing there is a massive thunderstorm that threatens the island, who is going to respond? Who has to deploy resources to save lives and properties? Whose monies would be used for that venture?
I am sure none of the above questions can be answered with Chagouri and his group can it?

Akainzo:

What has been achieved through the back door is to ensure that government erosion control would be to protect private beaches rather than the public ones, and using public funds at that!

Akainzo:

You are quite right. Which is why many a posters have been saying that the postulation that the government of Lagos has nothing to do with this is preposterous. One government gave the go ahead, government gave some guarantees to the bank and when completed the Lagos state government has to provide electricity, security and other government presence. All this cost money and this funds could have been better utilized for the good of all if Orile had been bought over and demolished for this mega estate.

Kobojunkie:

I really doubt this is the government erosion control . . I doubt this is all of it. I mean this is just for a 7km long area, the rest still lies open.

I still have not gotten responses on this particular aspect of the project. According to Chagouri, the project development includes road development, utilities etc. So, I am thinking this will be a fully self-serviced estate on the island for now. I am also assuming the roads,water, electricity, and possibly security etc will be produced and provided by the main project owners and so there will be not much of a need for government intervention. And this also brings up more questions. Like, if it is really the case that the government has no control on what is done in this area, exactly how much do we get in taxes as so many claim will be the benefit we get to reap from this?

Akainzo:

You can check it out on their wiki page. That is one of the selling points to the gullible masses.

Akainzo:

Once there are businesses there, then government has got to be involved. A whole Lagos State can't have its own police force and you want to believe the Eko Atlantic Estate would provide its own security!
What of refuse disposal? Sewage management? Electricity? We are in Nigeria, electricity usually means power lines are there and would be connected to public grid.

Meaning, the government of Lagos State, the city of Lagos and the people of Lagos would have been better served if Orile Iganmu was acquired and new developments built.

can u tell me how u go about acquiring orile iganmu?. . .what legal precedent will u use
Will u just bulldoze the poor people out of there,and then what if they cant afford the new houses built there?
what if they refuse to move?. . .

Where will the money come from?. . .As tax payers in Lagos,why should the rest of the state subsidize the poor people of orile iganmu
What of FESTAC,OJO,AMUWO ODOFFIN,IGBO-ILERI. . .

This still doesn't negate the fact that the island is just an estate.
Also, nothing in this specifies that you cannot build a low rise in an high-rise, just that the maximum height is regulated. So what exactly makes this place different from V.I?

As you can see from Marc Chagouri's reply, what they are selling is reclaimed land, nothing more, nothing less. All the fanciful buildings are advertisement.

They have clearly also stated that they have no say in what the developers build, just that they need to conform to certain zoning.

And by the way, your initial assertion that the place is not residential is totally incorrect.

I also noted that one of the selling points of the project is that it would purportedly help to control erosion of the Lagos public beaches!
Hmmmm, so to control the beach erosion at the public beaches, you create private beaches! Pure bunkum to rob the populace but that is what capitalism is all about. Greed.
As much as this project would put us on the map as doing something, it is however doing something in the wrong direction. One of the successes of the SA World Cup, is that they learnt from the failures of the Korea-Japan 2002 edition. Japan did build fantastic stadiums but they were located away from the populace and didn't have a plan for steady utilization, those WC stadiums are losing Japan a steady $25M every year.
This project is the same, doing something good in the wrong direction.

Nope! Based on my concerns, I would wish the Lagos State government gave thought to the needs of the generality of Lagosians over the needs of the monied few. That it had told the developers to concentrate for now, on the present land mass in Lagos State using the masterplan as a basis and choose an area to develop.

Oh. . .just like the CBN Governor has told the banks to lend to the masses and SMEs right?. . .
Hows that working out for ya?. .

Another one that thinks he can magically control human behavior and private capital by giving command and control directives from above
If that is the way things work your pals in zimbabwe,cuba,north korea and venezuela would be leading the world in economic growth instead of having perpetual crumbling economies mired in recession

PapaBrowne:

@Kobojunkie
Don't you feel better commenting now with some degree of knowledge about the project?? Now, it appears you are a little more informed hence your shift in position compared with the last thread on which you were spewing so much "confident ignorance".

PapaBrowne:

Remember how you and onlytruth claimed there was no information about the project and that the projects handlers were shrouding everything in secrecy?? With your posts here, you exposed you've reversed yourself.

PapaBrowne:

Anyways, before you start derogatorily calling the project an "estate", check up the meaning of "Extreme Pessimistic Disorder".
FYI, an estate could mean a lot of things ranging anywhere from a block of flats to a whole business district.
You posts would have been much rich if you shed the toga of pessimism. It eats all the sense out of your posts.

Kobojunkie:

So what ignorance EXACTLY did I spill. . .  indulge me . .  what exactly did I say THEN that I am not saying NOW? If you do this, I will agree that you really have a clue when it comes to this project .

Kobojunkie:


Again, it is an ESTATE . .  before you rush off insulting yourself, check out the MEANING of the word ESTATE in the dictionary(there are free versions online). That will help EDUCATE you on the particulars of this project. When a domain is PRIVATELY CONTROLLED it is an estate belonging to the private entity in question. It is in English.

here's one incase you are too full of yourself to do the right thing

Estate (land), the grounds and tenancies (such as farms, housing, woodland, parkland) associated with a very large property

So what ignorance EXACTLY did I spill. . .  indulge me . .  what exactly did I say THEN that I am not saying NOW?

PapaBrowne:

Refer to the thread in question. You will be amazed at what you wrote yourself. Kinda of like looking through your secondary school notes after graduating from University. That's the feeling you'll get if you reread that thread.

PapaBrowne:

My reference is to the derogatory use of the term "estate" in a bid to undermine the term Eko Atlantic City. Kinda of like calling a man a boy just to spite him.

PapaBrowne:

^^^
Be prentending like you know not what I speak of. Calling an estate an estate could be derogatory in the same way calling a Black Man Black could be.

helovesme:

papabrowne, you have serious time/energy arguing with kobojunkie.
arguing with her is pointless

if you leave her alone,locked up in a room, she can argue with herself 

helovesme:

papabrowne, you have serious time/energy arguing with kobojunkie.
arguing with her is pointless

if you leave her alone,locked up in a room, she can argue with herself  

the more paddy-lo comes up with all these "development projects," the fishier the whole thing gets.

u sure they aint 'really' building some sort'a 'shutter island' type deal over there? haaa. . . thats some horrible visual documentary.

babapupa:

Try use your head small. The government is of course involved in a lot of areas from rules and regulation s to codes and standards, but knowing exactly where you're going, no, Lagos tax payers money is not building Eko Atlantic.

paddy_lo:

Its a project for the benefit of u and all nigerians that can afford to reside there

I think the thread should has ended here.