The Tribune

EDITOR, The Tribune.

IN an article posted in the Tribune by journalist, Neil Hartnell, dated August 30th, 2017, Neil recounts a report issued by liquidators of the Baha Mar resort.

In the report, Bahamian accountant Ed Rahming comes to a baffling conclusion stating that the current outcome of the Baha Mar resort was a “success” and implies that this was the best possible outcome given the circumstances. Is he serious?

He goes on to qualify his conclusion by stating that CCA did not have to provide the $101m that was used to partially cover outstanding debts to contractors and employees of the resort.

I find this to be most disingenuous, or downright ignorant as anyone that has been following this story is quite aware that there was a better deal on the table from the original developer, Sarkis Izmirlian, who not only offered to cover all debts in totality, but to complete the resort with Bahamian labour.

It is shameful to me, that individuals we deem professionals would opt to spin a story for what I can only assume for personal reasons despite glaring facts and truth.

The only “success” so far in regards to the Baha Mar resort has been the ousting of a world class investor from a project he was begged to do by the former Prime Minister, buffeted left right and centre by greedy politicians, and discarded by foreign economic colonisers.

Ed Rahming ought to apologise to the collective intelligence of this country, and in a better world that shell of a hotel would be placed back into the hands of those who know what to do with it.

SHEEP RUNNER

Nassau,

August 30, 2017.