MARILYNNE Paspaley's much-anticipated $70 million luxury Pinctada resort on Rottnest Island will never happen after the company terminated its plans to build the hotel.
Ms Paspaley, managing director of Pinctada Hotels & Resorts, reckons commercial constraints imposed by outdated bureaucratic processes killed the project.
She told PerthNow that the “rigid processes” in place which govern how Rottnest is managed in terms of development, specifically the Rottnest Island Act, dashed any hopes of balancing a return on investment equation for her and her investors. More Read
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