VIDEO: Ysrael and Pangelinan Still Believe Tiyan Purchase is a Bad Deal

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Guam – Two of the most vocal critics of the Tiyan purchase agreement still believe its a bad deal. 

However developer Al Ysrael told PNC news the deed is done and its time to move on. But Senator Ben Pangelian tells us he is still contemplating an injunction to stop the deal.

Last week, developer Al Ysrael raised objections about the costs and wisdom of  purchasing the 50 year old buildings owned by Core Tech.  He called it a “boondoggle.”  But now that the Governor has signed the purchase agreement, he says its time to move on.

However, Ysrael takes some heart in the revised agreement which,  the Governor said, will not involve the construction of new DOE office and warehouse space.  Ysrael credits the Governor for listening. 

But Senator Ben Pangelinan still has questions about the revised agreement. In particular he points to provisions still in the agreement that appear to still include the construction of new office and warehouse space.

And the Senator also disputes the Governor’s claim that he was only following the law which required him to purchase and construct new DOE office and warehouse space.

The Senator says the law may have allowed for construction of new office space for Guam DOE, but it didn’t require it to be built, that was optional, he says. And the law didn’t specify that the office space be built Tiyan.