$10m project eyes 'credence' boost
THE DEVELOPERS behind a $10 million ‘upscale’ entertainment venue for western New Providence believe the project will be fully funded within 90 days, one of its principals disclosing that US-based consultants had been contracted to take it to the “next level”.
Developer: 'Do I put my neck on the line?'
A Bahamian developer yesterday said he was “questioning whether to proceed” with a $4 million-plus project after Stamp Act amendments effectively eliminated 50 per cent of his potential buyers.
NIB 'embarrassment' on $100m Cable deals
Cable Bahamas’ largest shareholder “abstained” from voting in favour of its $100 million worth of Florida acquisitions, after “foot dragging” by its government ‘owner’ meant several pre-conditions for the transactions’ approval could not be met.
Commission's top executive departs
The Securities Commission’s executive director, Dave Smith, has been forced out of his post amid “industry concerns” about how the capital markets supervisor is approaching its regulatory mandate.
Baha Mar eyes $12bn payroll
REAFFIRMING its commitment to a majority Bahamian workforce, a senior Baha Mar executive yesterday the $2.6 billion resort development would position the Bahamas for economic growth and activity over the next 20 years.
Freeport not after 'special treatment'
Freeport businesses are aiming to bring a Judicial Review challenge to the Government’s new and increased taxes, Tribune Business was told yesterday, their proposed action having received the Grand Bahama Port Authority’s blessing.
Baha Mar names three hotel managers
BAHA Mar has announced its senior operating executives for the Rosewood, Grand Hyatt and Mondrian hotels.
Sunwing affiliate unveils GB flights from south-east US
VACATION Express, a division of the Sunwing Travel Group, will launch flights between the US and Grand Bahama in Spring 2014, in addition to beginning six flights per week from Canada this winter.
Bahamas 'scratches surface' over Latin American tourism
THE Bahamas is still only “scratching the surface” in the Latin American market, the tourism director-general said yesterday.
Bahamian attorney attends key summits
A Higgs & Johnson partner has attended the International Bar Association’s (IBA) Bar Leaders’ Conference and the mid-year Officers’ Meeting that took place in Zurich, Switzerland.
Port promotes GB at hotel summit
The Grand Bahama Port Authority (GBPA) and Grand Bahama Development Company (DEVCO) joined government officials to promote the island at the 17th annual National Association of Black Hotel Owners Operators and Developers (NABHOOD) conference.
Emerald Bay hosts 22-strong flotilla
A 22-strong fleet pulled into Sandals’ Emerald Bay Marina last Tuesday for a reception held in conjunction with the Ministry of Tourism (MOT).
Dingman comes to Bay Street
An investor group headed by Jamie Dingman has leased 25 per cent of the units in a major Bay Street shopping plaza, Tribune Business can reveal, with plans to create a restaurant destination unmatched “except for Marina Village”.
Downtown Nassau needs '20 more restaurants'
Downtown Nassau needs “at least 20 more restaurants” to transform itself into a nighttime destination that will once again attract both locals and tourists, a senior private sector executive said yesterday.
Top QC confirms Blackbeard's Cay Judicial Review
A well-known QC yesterday confirmed he has been instructed to launch Judicial Review proceedings against the Government and developers of the $5 million Blackbeard’s Cay project, and accused Cabinet Ministers of reneging on assurances not to approve the development.
