I like the "to be given" part. Its an IOU by the Government to Baha Mar, not a charitable contribution.

What is this? Our Government putting stipulations on when and if it would pay Baha Mar what is already well past due to them? So, on the one hand our Government is admitting that they owe (at least) $21 million but on the other hand they are saying that they will only pay it (in installments) if Baha Mar and China Bank can reach a deal??? What does one have to do with the other??? If our Government doesn't pay what is owed and this goes to court how would a judge deal with the fact that they have acknowledged the debt but have refused to pay? I am pretty sure the original agreement with regards to the cost of road works didn't have any stipulations about future agreements between Baha Mar and China Bank.

All of a sudden an additional $20 million is allocated in the 2015/16 national budget to Urban Renewal because Christie and Halkitis all along have known that Baha Mar could not afford to continue paying its Bahamian employees that have been assigned to Urban Renewal projects. These Baha Mar employees are in the process of being transformed into public sector employees, adding yet another burden on to the backs of Bahamian taxpayers. Christie, by hook and crook, is doing all he can to keep unemployment from growing as a result of his PLP government's failed economic and social policies. Now we see Christie quickly capitulating on the valid dispute it had for not paying the outrageous additional amount claimed by Baha Mar's Chinese contractors and their sub-contractors as the Bahamas government's share of the road works. Christie and Davis have allowed the Bahamian taxpayers to be squeezed and extorted out of a mega million amount we had no contractual obligation to pay. We are about to see Christie literally give away even much more mega millions of the Bahamian taxpayers' dollars by way of uncalled for additional grand concessions never previously agreed in order to ease the pain of his short curlies down low being plucked one by one in a most hurtful way by the Chinese.

Like I said from the beginning those Baha Mar guys are a bunch of suits; they came up with a scheme and conned a lot of entities to get this far. Albeit, a con, but still kudos to them - it is the way business is done in the world. Unfortunately, no Bahamians were able to be so convincing to carry out a scheme like Baha Mar! Let the games begin and continue.

For a couple of years, I drove to work by an empty casino and hotel in the heart of Freeport, and this will be deja vu all over again.

Comrade Banker, they repeatedly proclaimed how all will be economically healed once the Chinese come with their 3.5 billions. Now, what cuz they have done started erecting chain link security fences around Baha Mar keep Paradise Island's tourist passing by out.
Too bad there is not a real doctor, doctor in da house to re heal we economically sick natives. How sick is we, okay I will's tell you. So weak that when people's be calling the popular talk shows, before the hosts can say hello.... they seems have died waiting on da phone cuz no one there 4 out six times.
Ain't saying tis the truth but I hears they's got's senior executive Sandy Sands out cutting grass at da schools and park cuz he sure hell gone silent suddenly about issuing when to open progress reports?
Comrades I only wish for the nation's sake I was making this stuff up.
Pray for the Chinese...even is they don't's believe in God!

okay so where is MY RETIREMENT that the government let leave the country through pure stupidity when they let CLICO steal my life's savings????????????? if you can find the money from somewhere for something dig a little deeper

You're absolutely right crabman, the big problem for CLICO's Bahamian policyholders is that the assets derived from its insurance operations in the Bahamas were allowed to be moved outside of the Bahamas; accordingly, these assets were never ever readily available in our country to satisfy CLICO's obligations to its Bahamian policyholders. All of the following can be blamed for their significant part played in allowing (over many years) the flight of assets out of the Bahamas that should have been backing the Bahamian policyholders: (1) James Smith, then Governor of The Central Bank of The Bahamas, who must have granted the necessary exchange control approval for the premiums paid by the policyholders to be effectively converted to other currencies and invested outside the Bahamas; (2) Dr. Brown, our previous insurance commissioner (now retired and living off of Public Treasury) for his failure to properly regulate CLICO's insurance operations in the Bahamas; and (3) Deloitte & Touche (Bahamas) for failing to report in its audit reports that management and the Board of CLICO Bahamas had repeatedly failed to disclose in the annual audited financial statements the very significant concentration of the company's assets effectively denominated in currencies other than the Bahamian dollar which, had this been done, would have at least put the Bahamian policyholders on notice that the company had moved its assets outside of our country and beyond the control of our local regulators. Yup, James Smith, Dr. Brown and Deloitte & Touche Bahamas all helped contribute to the 'royal shafting' received by CLICO's Bahamian policyholders.

Will this $21 million bone get Bahamar back on track for the November opening??????????

who wants to open hotel in November? I take it this will aim for next year's carnival time.

I hope government can put whatever they damn well please on this piece of road near Baha Mar. 48 million and I bet Baha Mar still has their own charters.

Why do we need well placed sources to whisper to Tribune? The negotiations, progress and stalls should be reported transparently by government.

Delays are common for these types of projects from China. Even wallstreet knows that. Everyone relax. What is it the developer must work out with the Import Export Bank?