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Vucea OP t1_iybyjsr wrote

Uninhabited Widi Reserve is in a marine-protected zone and being promoted as 'one of the most intact coral atoll ecosystems left on Earth'.

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shmip t1_iybz631 wrote

Hells ya! Perfect spot for some dillionaire's next hotel.

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darthsexium t1_iycta9d wrote

And they'll twist it as helping the locals living there or ancient tribes what not to best extent helicopter flown locals to hospital etc.. Except, that's not the point, the point is preserving and protecting the environment/biodiversity in the islands

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TheTonyExpress t1_iybzgqv wrote

Oh what the fuck. This is so on brand for humans.

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GoneSilent t1_iyc3mzi wrote

sell them before the sea rises?

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autotldr t1_iyc26il wrote

This is the best tl;dr I could make, original reduced by 80%. (I'm a bot)

> The development rights to an entire Indonesian archipelago with more than 100 tropical islands is set to be auctioned next week, sparking concerns for the environmental impact on what Sotheby's described as "One of the most intact coral atoll ecosystems left on Earth".

> The sale of islands to non-Indonesians is banned under Indonesian law, so buyers will bid for shares in PT Leadership Islands Indonesia, an Indonesian development firm that has licensed the rights to build an eco-resort and luxury residential properties on the reserve.

> The auction has prompted concerns among some conservationists who say the development could cut off local communities and threaten its ecosystems, which feature rainforests, mangroves, lagoons, lakes and coral reefs that are home to vast marine life.

Extended Summary | FAQ | Feedback | Top keywords: island^#1 development^#2 Reserve^#3 auction^#4 plan^#5

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janggansmarasanta t1_iyc3lnl wrote

"licensed right to build" & "bid for shares" eh.

Alright so it's HGB then, make sense since foreigners cannot own land in Indonesia and companies can only own HGB and HGU rights.

Not really appealing from legal perspective.

Also environmental licenses/izin lingkungan procedures are still required so I don't really understand the environmental concern. With a project this scale a mandatory environmental assessment will probably be required.

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giggleandsnort t1_iycapnj wrote

You are correct in your statement that you “don’t understand the concern”.

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giggleandsnort t1_iycavic wrote

Sotheby’s really is a sack of shit for its part in this. So is the Indonesian Govt for even attempting such crap

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Cassandraburry2008 t1_iyc5e5w wrote

Billionaires are so rare and elusive, I’d like to own one. I’m gonna prepare it an authentic habitat so it can live like a standard human. I’d be the envy of all my neighbors. I’m going to call him “George” or “Cogsworth” or “Elon”…something that sounds real smart.

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Kirduck t1_iyc3hhf wrote

Another way to read this and get downvoted for saying it outloud is

One of the most undeveloped nations in the world attempts to make some development sparking reminder that we all gave up our undeveloped spaces and are now missing them.

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The_Only_AL t1_iyc67bj wrote

I wish I was a billionaire so I could build a nice lair there. Put in some accommodations for my henchmen and good to go!

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