May 12, 2015
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BAHAMAS Chamber of Commerce and Employers Confederation Chairman Gowon Bowe yesterday called for critics anxious for details over the Baha Mar sale to be patient, as a final agreement has not been brokered.
THE bankruptcy judge hearing the Baha Mar Chapter 11 filing in Delaware on Friday outlined two possible middle-ground rulings on whether to dismiss the resort developer’s case and said he would present his decision as soon as possible, likely next month, according to report in The Wall Street Journal.
BAHA Mar developers today filed a claim in the English High Court against the parent company of its general contractor, China Construction America.
With all sides tight-lipped, it is almost impossible for Bahamians to know what is really happening with the $3.5 billion Baha Mar project.
LONG Island MP Loretta Butler-Turner criticised the government for stalling its contractually obligated payment to Baha Mar for West Bay Street roadwork, adding that the money owed should not be “tied to any quid pro quo”.
THE Christie administration has agreed to pay the $21 million owed to Baha Mar to cover the government’s portion of costs for roadwork associated with the development to assist Baha Mar in its stalled operations and to help pay the thousands of Bahamians currently on the resort’s payroll, The Tribune understands.
PRIME Minister Perry Christie acknowledged yesterday that the continuing impasse at Baha Mar could result in the resort eventually lacking the capacity to pay the thousands of people currently on its payroll.
DNA Leader Branville McCartney yesterday urged the government to play a “more active and collaborative role” in ensuring the success of the Baha Mar mega-resort, adding that any further delays could have negative implications for the country’s reputation and workforce.
THE Baha Mar resort has been in the works so long that it is easy to forget the way we felt about this massive development at different points along its ponderous trajectory.
LONG Island MP Loretta Butler-Turner said yesterday she does not believe Prime Minister Perry Christie and his Cabinet have done all they can to ensure that mega-resort Baha Mar opens as soon as possible.
PRIME Minister Perry Christie said despite meeting with Baha Mar executives “every single day” over continuing challenges with completion of the $3.5bn project, only resort officials can now say when the mega resort will open.
DURING his budget communication yesterday Prime Minister Perry Christie said Baha Mar’s developer is nearing the end of talks with its general contractor on the completion of the project and the announcement of the resort’s opening date.
TOURISM Minister Obie Wilchcombe urged Baha Mar executives to avoid publicly releasing any future potential opening dates for the $3.5 billion project, saying the focus has to now be on exceeding the expectations of the world in the face of the bad press sparked by repeated delays.
PRIME Minister Perry Christie said yesterday that he “fervently” hopes to soon see a resolution to a dispute that has delayed the Baha Mar project.
AFTER several opening delays for $3.5 billion Baha Mar development, two of the nation’s religious leaders said they are “praying for the project’s successful opening because of the important role it plays” in the economy.
TOURISM Minister Obie Wilchcombe yesterday said that the multi-billion dollar Baha Mar project was “too big to fail” as the government’s mediation efforts continue over the luxury resort’s stalled opening.
AFTER chairing a meeting yesterday with Baha Mar officials and the resort’s main contractor over the property’s opening delays, Prime Minister Perry Christie said he hoped for a speedy resolution to the dispute between the two parties in the “interest of the Bahamian people”.