Fox’s Balmoral Island lease could face legal challenge from former MP
A former Cabinet minister has warned he may initiate legal action over the Government’s decision to lease a portion of Balmoral Island to Adrian Fox for part of his proposed $300m resort project.
Solar provider recoiled over 50% Bahamian ownership
A US firm, which abruptly abandoned a $1m legal claim against the Government, said the mandate to relinquish 50 percent ownership to Bahamians made it “impossible for foreign investors” to bid on a solar tender.
Solar provider eyes up to $100m raise
A solar power provider is targeting next month to raise between $75m to $100m from Bahamian investors to finance its projects on Abaco and Eleuthera.
Island Luck co-founder unveils 1,000 job Cable Beach resort
An Island Luck co-founder yesterday moved one step closer to realising his Cable Beach resort ambitions by signing a Heads of Agreement for a $300m project billed as creating up to 1,000 permanent jobs.
Fox’s resort project leasing ex-dolphin encounters site
Island Luck’s co-founder is leasing the site of the former failed Blackbeard’s Cay dolphin encounter for part of the $300m Cable Beach resort development he unveiled yesterday.
Publicity biggest lift-off from SpaceX’s landing
A senior Family Island hotelier yesterday said TV coverage and associated publicity will likely be “the biggest” lift-off from The Bahamas hosting the landing of a SpaceX rocket booster on February 17.
$5.4m Abaco vacation rental to draw strong interest at auction
A high-end Abaco rental destination, known for generating annual six-figure income and listed at $5.4m, is expected to generate strong interest when auction bidding opens.
New president unveiled for Exuma’s Chamber
The Exuma Chamber of Commerce has elected Ehren Hanna as its new president for the three-year 2025–2027 term.
Exuma Chamber stages annual business awards
The Exuma Chamber of Commerce has held its annual Business Excellence Awards luncheon at Blu on the Water restaurant.
Dorian-hit islands in ‘remarkable rebound’
The deputy prime minister says the two Hurricane Dorian-ravaged islands have seen a “remarkable rebound” in air arrivals following the COVID-19 pandemic.
Bahamian FBO hails its first for Caribbean
A Bahamian fixed base operator (FBO) yesterday became the first in the Caribbean to receive International Standard for Business Aircraft Handlers (IS-BAH) accreditation.
Inspectors: Law caps rent at 20% of property’s value
Government inspectors yesterday asserted that Bahamian law prevents landlords charging tenants rental rates that exceed more than 20 percent of the property’s value.
Inspections uncover merchant with 35 expired drug products
The Bahamas’ consumer watchdog says its officials found one Bimini merchant with 35 expired items, including some dating from 2021, during recent inspections on the island.
Modify ‘crippling’ property declaration, Gov’t urged
The Government was yesterday urged to modify the “crippling” and “onerous” requirement for companies and IBCs to declare all their Bahamas-based real estate holdings by February 15.
Grand Lucayan facing ‘chilly’ $532k demand
The Grand Lucayan is facing a demand for $532,282 plus loss of income over accusations it left two rented AC chillers “inoperable” due to the poor quality of its water supply.
