Businessweek Archives

Environment


Washington Outlook: CAPITAL WRAPUP

ENVIRONMENT

Developers are unhappy about environmental groups' plans to go into the golf business on South Carolina's Kiawah Island. A 1990 law gives conservation groups first refusal on "environmentally sensitive" properties about to be sold by the Resolution Trust Corp. Three groups have put dibs on Kiawah's Ocean Course, which borders 51 acres of fragile wetlands. One group hopes to minimize environmental impact by turning the public facility into a private club. Some RTC officials think they might have gotten a better price by packaging Ocean with other Kiawah courses.


Steve Ballmer, Power Forward
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