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Atlantis concessions

EDITOR, The Tribune.

The Prime Minister mentions often that Atlantis has some special concessionary agreement which will not expire.

Atlantis is safeguarded against any Bahamas Government ever granting perceived improved concessions - incentives over what then Sol Kerzner was able to negotiate in Agreement 1-2-3.

The Prime Minister would be challenged to enforce this as the Heads of Agreement is not statutory law like The Hawksbill Agreement further it is questionable that in all Heads of Agreement a so-named Secretary to the National Economic Council signed on behalf of The Government.

There is no proof that the Secretary had been given the Power of Attorneys of the respective Ministers of the various Ministry’s granting the concessions – so those Heads of Agreement are void and challengeable.

Alike The Best Commission there is no legal status of the NEC and any other so-named Authorities-Commissions, etc, which have not been enshrined in law.

Certainly the restriction of three casinos on New Providence is a condition that cannot be supported nor do I accept and many likewise do the limits of potential concessions that could legally be given to a developer who came along with a project larger than Atlantis.

What if someone came along and wanted to develop a project, four-five-six times more invested and more jobs to be created than what Atlantis created – you mean government is stuck to the concession given to Kerzner? If so, we made an horrific mistake.

W THOMPSON

Nassau,

June 16, 2016.

Comments

sealice 7 years, 9 months ago

3 casinos on new providence???? WTH are all the numbers houses?

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