February 3, 2021
Paradise Island lighthouse.
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A Bahamian entrepreneur said he has the funding to complete his $2m Paradise Island Lighthouse project despite just last week seeking investors.
The Minnis administration has effectively given Royal Caribbean a minimum 150-year lease over seven Crown Land acres on Paradise Island for its multi-million dollar Beach Club project.
The Bahamian entrepreneur locked in a legal battle with the Government over his Crown Land lease on Paradise Island yesterday voiced optimism the new administration will come to his rescue.
A Bahamian entrepreneur yesterday said he is taking legal advice over fears Royal Caribbean will “run roughshod” over the disputed Paradise Island-based Crown Land that is subject to a legal dispute.
THE businessman fighting to develop part of Paradise Island has accused the government of siding with Royal Caribbean Cruise Line’s plans for a five-star beach club on the island that would devastate his plans.
Royal Caribbean’s Paradise Island plans are “a double edged sword” that could improve The Bahamas’ tourism product yet “hurt” Bay Street and local entrepreneurs, it was argued yesterday.
A Bahamian entrepreneur yesterday “challenged Royal Caribbean to produce” its western Paradise Island crown land lease after a government agency voiced concern approvals are “still outstanding”.
The entrepreneur behind the proposed $2m restoration of Paradise Island’s lighthouse yesterday said he is “throwing down the gauntlet” to the government, and urged: “Let’s go prime minister.”
The entrepreneur behind the proposed $2m restoration of Paradise Island’s lighthouse has initiated legal action against the government for failing to give effect to his crown land lease.