SBMA's plan to deal with this is to shut it down and turn it into something like Sentosa Island in Singapore, a world class tourist destination. The idea is that SBMA won't simply lease the land, it will be a developer, essentially a partner in the development of the facilities. This will allow SBMA to not just collect on leases but to share in the profits of the project. There is so much wrong with this idea that it is hard to find a place to begin. First off, why in the world would world class investors want to partner with SBMA? It has a long history of financial losses and corrupt practices. SBMA has to bring something more to the table than an abandoned airport to attract investors like Disney theme parks or Wynn casinos.
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All comments are posted anonymously. We don't care who you are, we just care about what you have to say. But let's keep it civil. No slander. Talk about issues, not individuals. No racism. Cool it on the profanity. Like Sinatra said, "You don't need to work blue. You'll never play the big houses with that crap."