Word: tidelands
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...Terry Gilliam movie usually allows for a happy ending. Right now the director may have two things to smile about. The $80 million Brothers Grimm, his most accessible, entertaining movie yet, is coming out in Gilliam's director's cut. Two weeks later the more intimate, $15 million Tideland, based on Mitch Cullin's 2000 novel about a lonely child who talks to Barbie-doll heads, will premiere at the Toronto Film Festival. The man who some thought would never make another movie has fooled them, twice...
...thinks of Grimm as just an entertainment. Tideland may have been the more personal and satisfying. "It had to be done quickly, simply, or we'd run out of money," says Gilliam. "We were like sharks--if we stopped moving, we'd die. All the thinking was immediate, instinctive and liberating...
...Long Beach, Calif., bought the Queen Mary three years ago for $3,000,000, planning to transform her into a luxurious 400-room hotel, with a Museum of the Sea designed by Oceanographer Jacques Cousteau. Since then, conversion costs, paid for mainly out of the city's tideland oil revenues, have leaped from an original estimate of $13.5 million to $57 million. Work was delayed at the start while A.F.L.-C.I.O. construction craft unions won a jurisdictional victory over maritime unions, which immediately boosted labor costs by 50% . The completion date, originally set for the summer...
...budget. For fiscal 1960-61, Governor Egan is asking for an increase of some $6,000,000, while increasing the revenue only some $1,050,000. The budget will get one big boost from a juicy windfall: $4,000,000 gained from the sale of 77,000 acres of tideland oil and gas leases last December. It will get another from the transitional fund voted by Congress to tide the 49th state over its early years; the 1960 portion will amount to $6,500,000. And what happens after 1964, when the transitional aid reaches $28 million and stops...
CUBAN OIL will get a big push from Standard Oil Co. (Indiana). Standard has earmarked $10 million to drill in 12 million acres of south Cuba's coastal land and tideland, will own a permanent half-interest in any productive wells it brings in after spending the total...