April 4, 2024
Grand Bahama Port Authority
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$357m GBPA claim rejected by tribunal
THE government’s $357m claim against the Grand Bahama Port Authority has collapsed in a landmark arbitration ruling that nonetheless confirmed it has regulatory authority in Freeport and can seek future payments under the Hawksbill Creek Agreement until 2054.
Gov’t, GBPA urged: Release $357m dispute verdict quick
The outcome of the $357m Grand Bahama Port Authority (GBPA) arbitration dispute must be swiftly disclosed to uphold business and investor confidence, it was argued yesterday, amid subtle hints the verdict may not have gone fully the Government’s way.
Bahamian group in $400m bid for GBPA
A Bahamian investor group featuring an ex-Olympic swimmer, former FNM senator and grand-daughter of Super Value’s owner are aiming to raise more than $400m in initial capital to finance the acquisition of the Grand Bahama Port Authority (GBPA) and its key economic assets.
GBPA granted repossession of casino over $1.2m debt
The Supreme Court has paved the way for the Grand Bahama Port Authority (GBPA) to “repossess” the Royal Oasis casino and nearby parking lot over $1.2m in unpaid service charge debts.
GB arbitration talks to begin
Freeport’s fate is set to be determined by two weeks of arbitration hearings that will launch on Monday to determine the Government’s $357m dispute with the Grand Bahama Port Authority (GBPA).
$100m ‘dream team’ pitched as GBPA confrontation alternative
A LONG-STANDING Freeport licensee yesterday unveiled a $100m investor and management “dream team” alternative to the Government’s “ugly confrontation” with the Grand Bahama Port Authority (GBPA).
GBPA seeks to reassure on ‘unfortunate public noise’
The Grand Bahama Port Authority (GBPA) last night moved to reassure its licensees and potential investors over “the very unfortunate public noise” created by its $357m dispute with the Government.
GBPA told to pay $300m in 30 days
THE Davis administration has sent a demand letter to the Grand Bahama Port Authority (GBPA), giving it 30 days to pay more than $300m allegedly owed to government over the last five fiscal years.
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