The Tribune

EDITOR, The Tribune.

DID I hear correctly the Rt Hon Perry Christie as Head of Government is even discussing the possibility of purchasing the Our Lucaya property?

PM: surely the past experience of Government dabbling where they should never walk should keep this off the agenda.

The Our Lucaya Hotel and complex cost approx. $1.2 billion - it is a fine hotel but it should never have been built on Grand Bahama in the form it was... far too large.

It is well known that probably over the 15 years it has been open it never made a profit in fact had massive losses - estimates heard over $40m annually.

Hutchinson-Whampao recently put the property out to offers - the property, $1.2 billion, is probably not worth or could attract offers over $80m and that would be high based on the lack of any revenue and profits.

Prime Minister - assure us Government is not thinking or even discussing the possibility of purchasing this property.

W THOMPSON

Nassau,

November 15, 2016.