Alter City Group asks CNMI government for tax breaks

Alter City Group, which is currently planning to invest US$1.2 billion dollars to build two casinos, hotels, as well as apartments, and other projects in Tinian,  is asking the territorial government to grant a tax break, local media reports.

Alter City Group CEO, Edvon Sze, says if they were granted a qualifying certificate for a tax break it would go a long way to ensuring the project goes ahead.

Earlier in May, 2015, Alter City outlined changes to its plan to expand the resort project from 200,000 square meters as initially proposed to 700,000 square meters. The resort will include theme parks, a skybridge, a hotel and casino resort complex with a total of 6,000 hotel rooms, villas and serviced apartments.