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The Grand Lucayan resort.

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‘Why should we pick up Lucayan severance bill?‘

PROGRESSIVE Liberal Party Leader Philip Davis yesterday blasted the government for placing the burden of Grand Lucayan severance packages on taxpayers, pointing to “myopic” and “incompetent” negotiations.

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Severance offers for Lucayan staff imminent

The Grand Lucayan’s workforce will likely be cut by 50 percent through a voluntary separation (VSEP) exercise to launch around month’s end, the resort’s chairman revealed yesterday.

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Lucayan chair slams 'nasty, torturous' close

The Grand Lucayan’s chairman yesterday accused Hutchison Whampoa of displaying “a lot of bad faith” over the $65m deal’s closing, branding negotiations as “nasty and torturous”.Michael Scott, chairman of Lucayan Renewal Holdings, the Government-owned

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Thompson confident of Grand Lucayan sale

GRAND Bahama State Minister Senator Kwasi Thompson revealed that there is “high interest” from prospective buyers to purchase the Grand Lucayan resort property in Grand Bahama.

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Buyers line up for Grand Lucayan

LUCAYAN Renewal Holdings Limited, the government’s special purpose vehicle given the task of finding a purchaser for the Grand Lucayan, has received “several” expressions of interest from prospective buyers.

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Hutchison escapes $3.25m tax on Grand Lucayan sale

The Government was “too nice” in allowing Hutchison Whampoa to exit its Grand Lucayan debacle without paying $3.25m in Stamp duty and pocketing other payments/concessions.

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Opposition refuse consent on Grand Lucayan debate

DEBATE on a resolution for a $35m loan to complete the government’s Grand Lucayan purchase in Grand Bahama was delayed yesterday after the Official Opposition refused consent insisting they did not receive the needed documents to properly debate the

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Lucayan’s $1m staff debt safe

The government will assume all li abilities including about $1m in back pay owed to workers at the Grand Lucayan resort in Grand Bahama.

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Lucayan valuation only now underway

AS the Minnis administration aims to complete the purchase of the Grand Lucayan resort in Grand Bahama next week, The Tribune was told officials are in the process of having the resort reappraised for reselling purposes.

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‘What was Lucayan valued at?’

OFFICIAL Opposition Leader Philip “Brave” Davis yesterday demanded the government make public an appraisal done on the Grand Lucayan, telling supporters the Minnis administration may be spending far more than the resort’s estimated value.

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Payment details revealed for Grand Lucayan purchase

THE government intends to write a promissory note to Hutchinson Whampoa to complete the $65m purchase of the Grand Lucayan, The Tribune was told.Last week, Prime Minister Dr Hubert Minnis revealed the government made a $10m down payment towards the p

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