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Crown Land Move Was A Precaution

By KHRISNA VIRGIL

Tribune Staff Reporter

kvirgil@tribunemedia.net

THE Office of the Attorney General has not acted on a purported threat to take back Crown land from the developers of Baha Mar, the nation’s leader telling reporters the move was to ensure that the property was not caught up in the resort’s bankruptcy proceedings.

According to Prime Minister Perry Christie yesterday, the government served legal notice to attorneys of Baha Mar with a view to safeguarding the Crown land against being claimed as property of developer Sarkis Izmirlian.

Mr Christie said: “The legal agreements entered into with Baha Mar gave notice to the parties that if there were going to be bankruptcy proceedings or anything related to that, the government had a limited time to serve notice to protect its rights on the property.

“So what we did was we served notice on his attorneys of our rights to not have that property adjudged as his in any bankruptcy proceedings. That is all we were doing.”

He added: “But that sits there not acted upon but the legal notice has been given which secures the rights of the people of the country.

“Once the bankruptcy proceedings started, our lawyers moved immediately and spent all night reviewing the agreements and where the agreement provides that the government in the face of these developments must take action, we took all the necessary action to protect ourselves legally.”

Mr Christie spoke on the matter following the grand opening of the Approach Control Centre for the Lynden Pindling International Airport’s new radar system. The facility will propel The Bahamas to a top contender in air traffic control in the region, officials said.






On Monday, The Nassau Guardian reported that the Office of the Attorney General filed a writ to reclaim Crown land from Baha Mar’s developers.

According to the report, the writ filed stated that Baha Mar and the government entered into several agreements in 2005 connected with the resort’s development.

All of the agreements, stipulated that in certain instances if the $3.5b resort failed to meet certain obligations by dates which were contracted, the government could use its right to serve developers with notice to reconvey properties it purchased as part of the deal.

The Crown land properties include the John F Kennedy Drive connector plot, old West Bay Street plot, the Nassau Beach plot, the Wyndham plot and the old Hobby Horse Hall plot.

Contained in an agreement signed by Mr Christie on April 6, 2015, Baha Mar and the government agreed that if the resort was not completed by December 31, 2010, Baha Mar would have to reconvey the property to the government.

Under the amended agreement under the previous Ingraham administration, the date for the completion of the project was December 31, 2014. The date by which the government had to give notice to Baha Mar ordering it to reconvey the land if it missed its completion deadline was amended to June 30, 2015.

Comments

Well_mudda_take_sic 5 years, 3 months ago

Chavez let his childish emotions get the better of him when he did the land grab thing with foreign investors in Venezuela, and just look where it got the people of that country.....they can't even buy toilet paper today! This is what happens when churlish Allyson Maynard-Gibson has one of her humongous hissy tissy fits and yanks hard on Christie's chain! The Izmirlian family at least now know where they stand and whom they can trust. The Izmirlians must do whatever they can in foreign courts to mitigate their losses as Christie has made it a point to publicly take the side of CCA and CEXIMB. In doing so, Christie (and his hissy tissy AG) have burned the very bridge of trust the Izmirlians needed to see in place before re-committing themselves to the project after experiencing the harmful bad faith demonstrated by CCA and CEXIMB!

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Reality_Check 5 years, 3 months ago

What neither Christie nor Maynard-Gibson have told the Bahamian people is that the Chinese will end up owning all of the Cable Beach land in question because it has all been pledged, with the consent of the Christie-led PLP government, to secure the amounts owing to CCA and borrowed from CEXIMB. The legal action recently taken by Christie and Maynard-Gibson in the Supreme Court of The Bahamas was therefore one to protect the interests of the Chinese as opposed to the interests of the Bahamian people!

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Publius 5 years, 3 months ago

We all knew the government only put that supposed land grab move out there to make the public think they were in a quest to save the nation from their new boogeyman Sarkis. Obviously these idiots have not even read the bankruptcy filings or were not able to get Dr. Seuss to fly over in time to help them sound out the words.

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GrassRoot 5 years, 3 months ago

Yes makes me wonder if they had done anything similar, if the CCA/EXIM mobster gang grabbed the land(and they may still will). What no one writes here about is, that the bankruptcy filing has generated more activity and energy to finish Baha Mar over the past two weeks than over the past 8 months together. So I say to all of you who claim the bankruptcy filing was wrong (Our National-disappointment Bran the muddler, Mitchell, Snake Wilson, PM and the whole poltical mafia): YOU GOT BURNT, BABY!! Izzie is always a step ahead, as all he wants is Baha Mar to become operational asap. To the PM and his advisors: Combining the brain power of NOT like minded, will do nothing to improve our lives here in the Bahamas. The doers will change the country, the talkers wont.

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