Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Who Owns Taman Festival?
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Who Owns Taman Festival?

Local Bali Businessman Challenges Governor Pastika's Efforts to Repossess Land Occupied by Defunct Entertainment Center.


Bali News: Bali, Taman  Festival Park, Bambang Panestu, Hartono, Made Mangku Pastika.
Click Image to Enlarge

(11/14/2009)

In the mid-1990s, the Bali government of Bali entered into a joint-venture with Indonesian businessman Bambang Pengestu for the operation of what was promised to become a US$100 million entertainment complex in Sanur - Taman Festival Bali. A soft-opening in October of 1997 gave visitors a glimpse at the developing amusement park that, when completed, would have thrill rides, animal exhibits, dining venues, a micro-brewery, a man-made volcano erupting nightly and a US$5 million laser show.

Eventually, a lightning strike put an end to the laser show and diminishing pyrotechnic supplies made the ersatz volcano extinct. But, on a more basic level, poor public attendance during the Asian economic crisis and the inability of Pangestu to financially complete the project caused the park to eventually close its doors completely in 2000.

More recently, Bali's governor Made Mangku Pastika, keeping his pledge to reinvigorate underperforming provincial assets, declared his interest in finding a new investor to take over the park or to develop the 9.5 hectare site into some other profitable business.

However, the governor's intentions have, at least for the interim, been put on hold by a local businessman, Hartono, who is trying to bring the Governor before a local procedural court (PTUN) for his refusal to turn the land over to him. Hartono, who owns a beachfront hotel in Kuta and the local Mercedes Benz dealership, is reportedly claiming that he purchased the lease on the land for Rp. 12 billion (US$1.2 million) in an auction conducted by the bank who held the original lease with Pangestu as collateral for money lent to develop the park.

Citing the fact that the original lease is part of a non-performing joint operation and that the project has failed to pay a promised dividend to the people of Bali for more than a decade, the provincial government considers their agreement with Pangestu null and void and now wishes to reclaim the land now claimed by Hartono.

Efforts by the local press to obtain a comment from Hartono in the matter have proven futile with his staff claiming the "boss" is out of town.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Royals to Annoy All in Bali?
Bali Police Promise Extraordinary Security During Visit of Saudi Arabian King March 4-9. 2017
(2/25/2017)
When Your Girdle is Killing You
South African Woman Caught at Bali Airport with 1.1 kilograms of Methamphetamines Stashed in her Corset
(2/25/2017)
Grenier Prefers Greener
Hollywood Actor Adrian Grenier Comes to Bali to Lobby for Clean, Plastic-Free Oceans
(2/25/2017)
Take it to the Bank
Government Asks World Bank and Udayana University to Mediate Benoa Bay Reclamation Controversy
(2/24/2017)
Massive Monarchial Movement
Eight Aircraft to Bring King of Saudi Arabia and Party of 1,500 to Bali for Holiday Visit March 4-9, 2017
(2/25/2017)
Rp. 16 Million = 5 Years of Jail Time
Police to Charge American Expat Paul Hoffman with Armed Robbery for Series of Convenience Store Robberies
(2/24/2017)
Prepared for Tourism Takeoff
Transportation Minister Outlines Massive National Airport Development Program
(2/24/2017)
A Night for the Birds
More than Rp. 20 million Raised at Bali Starling Night at Big Tree Farm by Begawan Foundation
(2/24/2017)
Giving Busses the Business in Bali
Plans Under Review to Limit Maximum Bus Length in Kuta, Bali to 5 Meters
(2/24/2017)
Chinese Checkers Wanted
Chinese Travelers Expected to Become Baliís Top Inbound Market in 2017
(2/24/2017)
Czech Out
Czech Tourists Dies in Canggu Beach Motorcycle Accident
(2/20/2017)
Hilltop Thievery
Four Face Long Prison Terms for Collecting Illegal Admission Fees at Kintamani Volcano
(2/19/2017)
All [News]!