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OLD BAHAMA BAY TO CLOSE

By DENISE MAYCOCK Tribune Freeport Reporter dmaycock@tribunemedia.net FREEPORT - The Old Bahama Bay resort in West End will reportedly close by the end of the week, leaving more than a dozen persons out of a job. According to a source, the resort is expected to close on Friday - when all employees, including the management, will be terminated. Only a small skeleton crew will remain to oversee the property, the source said. The resort's financial controller Paul Hansen and project manager Derek Gape could not be reached for comment. According to an article published in Tribune Business last month, Lubert Adler, the main financier for the stalled $4.9 billion Ginn sur Mer project, has control of the Old Bahama Bay property and 225 surrounding acres, plus another 294-acre parcel that contains the golf course.

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