ORLANDO, Fla.--(BUSINESS WIRE)--Nov. 22, 2002--Today, the Hotel Employees and Restaurant Employees International Union (HERE) announced the launch of a new website- www.eyeonxenturycity.info - providing information about Xentury City Development Company and the issues surrounding their efforts to build the $98.5 million, publicly subsidized, Osceola County Convention Center, in Osceola County Florida.
Xentury City Development Company L.C., a subsidiary of the Saudi Arabian Xenel conglomerate, whose owners are the Jeddah, Saudi Arabia-based Alireza family, would also build and own the convention center's 1,000-room headquarters hotel.
After receiving information from the law firm of Ness Motley, who represent over 3,000 families of victims of the September 11 tragedies, and HERE, the Osceola County Attorney's Office launched an investigation into the business and banking relationships of Abdullah Alireza, the Executive Director of Xenel Industries, Xentury City's parent company.
The county's investigation focused on Mr. Alireza's role as a member of the Board of Supervisors of an Islamic Bank, Dar al-Maal al-Islami Trust, which is named as a defendant in a lawsuit brought on behalf of the September 11 victims' families for its alleged role in terrorist financing.
After numerous inquiries from interested parties, we thought it was important to facilitate access to the information brought forward by Ness Motley, our union and the investigative report issued by Osceola County, said Morty Miller, President of Local 362-HERE. With millions of public dollars at stake and the potential private investment of millions more, current and potential stakeholders may want to study the information in the public record, as it relates to Mr. Alireza and Xentury City, and make an informed decision about this project's potential for success, added Miller.
The website will be updated periodically with public documents that the county assembled in the course of its investigation and other relevant information about Xentury City, Xenel, the Alireza family and the September 11 victims' families lawsuit.
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