The TIDA is expected to make its selection for the masterdeveloper in 2002. Ronald Sullivan, President of Navillus, tellsGlobeSt.com the company hopes to leverage UNDC's American Indianminority status and Focal's ability to attract the necessarycapital to gain a competitive advantage in the bidding process.

Treasure Island, which currently serves as a Naval Base for theU.S. government, is considered by many as the most desirable andprominent piece of real estate in the country. The redevelopmentproject, estimated at $2.5 billion, is aimed at turning the islandinto a self-sustaining resort city with hotels, restaurants, malls,sport complex, technology center and its own power plant. "Theinstallation of the generating sets on the island is beneficial tothe city because excess power can then be fed into the city'sgrid," says Sullivan.

United Native Depository is a financial holding company owned byNative Americans and organized under the laws of the jurisdictionof the Navajo Nation. The company's objective is to increase theeconomic well being of the indigenous population. Focal is tradedon the NASD's Over-the-Counter Bulletin Board. According to itsmost recent filing with the SEC, the company's "current plan ofoperations is to acquire real estate in the Western United Statesfor development."