0

New Central Bank moves a step closer as Minnis makes case for a new parliament

THE winning design by Architekton Design Studio Bahamas.

THE winning design by Architekton Design Studio Bahamas.

By KHRISNA RUSSELL

Deputy Chief Reporter

krussell@tribunemedia.net

AS HE moved a resolution yesterday for government land to be sold for $10 to the Central Bank for a new facility, Prime Minister Dr Hubert Minnis made a case for a new Parliament building in the future.

The land, 3.056 acres in size and the site of the historic Royal Victoria Hotel and Gardens, runs from the southern side of Shirley Street, the northern side of East Hill Street, the eastern side of Parliament Street and includes the western side of East Street. The new facility will also include: a museum, an art gallery and a movie theatre.

The old General Post Office will be imploded and this cost will be the responsibility of Central Bank. The site is then to be used to build a new Supreme Court complex with green technology and all the “bells and whistles” necessary for cutting edge technology, Dr Minnis said.

Dr Minnis said this is to take precedence over a new Parliament, further revealing the old Senate and Parliament will eventually be converted into museums.

The projects, he said, are a part of the revitalisation of downtown Nassau.

The government is also planning to assist young people with investing money, Dr Minnis said, telling Parliament he hoped to give Bahamians the chance to become self-made millionaires. He said he was proud to have been poor as a child and even prouder to now be a millionaire.

Dr Minnis said: “There are many who complain about having their monies in the bank and receiving .5 percent (interest). Government rents (are) in excess about $40m to $50m in facilities today.

“Would it not be an excellent idea to having individuals invest in such entity and government rent such facilities and such facilities are privately maintained and no longer have to worry about the complaints and distress that we experience today and those individuals would receive returns?

“Mr Speaker, that is the way forward and would assist us in constructing a new court complex that is so urgently needed on the old post office building (site) while we construct new complexes. It’s time that we revolutionise the government entities as we move forward and therefore the judiciary will be given its own budget so that the judiciary can make its own decisions and can be completely independent of the government.

“In time we must consider a new parliamentary complex, however, a Supreme Court judiciary complex is of urgent need. The current Senate and House of Assembly buildings should become museums chronicling our developments as a parliamentary democracy. The chambers of both houses should be preserved,” Dr Minnis said.

“Mr Speaker, I think the public needs to know some of the conditions which their legislators sit while debating here in this Parliament. There is one particular area where individuals of this Parliament can eat and that can accommodate only six in terms of seating yet we have 39 members, which means that parliamentarians today as we speak stand up to eat their meals, hot or cold, no tray to hold it. If the room is filled, others will wait outside to allow some parliamentarians to complete after which they will commence. That’s the condition that we are subjected to today.

“There are absolutely no research facilities. We have to do that ourselves. But most important I think the public also needs to know, and nobody likes to talk about it, but our restroom facility has facility for one. So we must drink water very conservatively because it’s only one (restroom each for men and women), which means that if the bathroom facility is being utilised – 39 members must wait, plus the public. I must inform the Bahamian populace that the bathroom facilities that all of us must utilise is also utilised by the public. Even members of the press must use such facility.

“Mr Speaker, so that must be corrected.”

To house other agencies, Dr Minnis said that the government will construct a major new office complex on the site of the old City Market on Market Street.

The resolution for the land transfer was agreed upon in yesterday’s sitting. The House of Assembly resumes today.

Comments

Well_mudda_take_sic 5 years, 2 months ago

I assume this article was written from an audio recording because it sure does read the way Minnis speaks. LMAO

0

birdiestrachan 5 years, 2 months ago

They will tax the poor beyond endurance.

0

bogart 5 years, 2 months ago

Given da evolving of the antiquated Central Bank .....electronic technology......will eliminate the brick and mortar....structures....ask any of the Banks !!!!!!......da needs to go from direction from abacus counting cowrie shells....an move investment in cyber currency...technology financial electronic processing......!!!!..

0

sheeprunner12 5 years, 2 months ago

Talking about investing .................. why does Minnis continue Ingraham's plan to sell off BTC shares to Bahamians???????? ........ The Government allegedly owns 51% of BTC ........ and 40% of Arawak Port .................. Just sell off these shares along with BPL, Bahamasair, WSC etc ............. Just allow ordinary Bahamians to buy shares and become wealthy ............ SMT

0

TheMadHatter 5 years, 2 months ago

My thoughts exactly. Whenever there are bonds and other share offerings unless you are an "insider" to know about it before it is oversubscribed and unless you have a spare $10,000 lying around the dog eat ya lunch.

0

TheMadHatter 5 years, 2 months ago

The fact that they wont allow ordinary Bahamians to buy 10 shares and up in the 2 entities you mentioned causes one to question whether this new talk is just more nonsense.

Memo to Govt: we are already overstocked with nonsense.

0

TalRussell 5 years, 2 months ago

Yes, or no we beloved comrade Queen Lizzy, can't be at all pleased moving away from keeping up the appearances our Colony of Out Islands colonial architectural looks, yes no?

0

DDK 5 years, 2 months ago

Does the Government depreciate its fixed assets? I wonder how long they will allot this central bank that looks like it might lift off at any time! Hopefully it will not fall victim to the dreaded mould.

0

TheMadHatter 5 years, 2 months ago

There is NO line item in any budget for building maintenance, only for janitor style cleaning. Thus the constant air conditioner breakdowns at PMH and the court registry etc. It's almost as if someone raided a 7th grade classroom and kidnapped 39 children and placed them in Parliament. They have no real world experience. A sadder story cannot be told even by Stephen King.

0

sheeprunner12 5 years, 2 months ago

Where are they gonna build this monstrosity on that piece of property??? ........ What's going to happen to all those old RVH era trees????? ....... Where will parking for the new CBOB and SC be located??????

0

sheeprunner12 5 years, 2 months ago

Where will they build the new Parliament??? ........ Near Fort Charlotte???????

0

sheeprunner12 5 years, 2 months ago

What will be the budget for these three monstrosities????? ........... at least $200 million?? .............. Lots of ordinary shares for ordinary Bahamians.

0

Sign in to comment