What is „controversial“? Trying to invest $2 bn in the Bahamas? I miss precise comments. Is Albany owning the island? Building residential apartments at Love Beach? Developing Treasure Cay having been for sale since 30 years?
I miss serious comments from serious persons, more than the marijuana dealer from Treasure Cay - but maybe he overlooked greasing palms? after costly elections? Or is the country back to drug money investors? Colombians on Eleuthera? So many unanswered questions. The s..t will hit the fan soon. Then a New New Day might come. 2022 will be interesting. Interesting comments about BIA appointment, if true. A New Punch needed, but BP could report more details how appointments are made and which qualified personnel is in charge. Finally, an investor with deep pockets comments on the reality of this island. He must really like the place. Bahamas better sit small.Wondering about these „letters to institutions“.Tribune should ask. Why did the Family Office mention this?

@Maximilianotto
Some brown nosers seem to have developed permanent layers of crusts on their noses and they are attracted to deep pockets like flies to s**t. There are very few righteous billionaires, and all the rest of them are evil. Also the modus operandi these days is to bring in foreigners or hire the 'Hishun dem' crews for construction; then give the locals some low level low paying jobs such as maids, janitors, security, cook, etc... all the while bringing in foreigners for the jobs with any worth. My motto is that brown nosers are sellouts aka traitors.

It would seem Kovats is all about “business”, which “should” be what an Investment Friendly Country dependent upon Foreign Investment is all about also, not entertaining the minority voices of Special Interest Groups that have their own Self Serving Agendas that do not align with those of the Country in terms of economic development and most importantly Job Creation … indeed, it is clear from our current disastrous international financial standing that entertaining such Special Interest Groups over the years has done us no favors and our people have as a result … suffered greatly.

Anyway, as Others are commenting … it is “A New Day” … so let us see, as I reckon a lot of other potential Investors are watching how this plays out … hopefully the Red Carpet for the World to see … and not more Crabs coming out of their Holes to cause mischief at the expense of our Country and in tun, our People.

Treasure Cay was a loss making entity for a very long time. The only way to ever turn a consistent profit on the investment would be to put a beachfront hotel and casino on the 40 acre parcel included as part of the deal. The problem is that doing so is going to ruffle many feathers among the second homeowners, and will make this guy's life very difficult. Treasure Cay has not been a resort in the true sense of the word for a very long time, it has been dominated by second homeowners for a while now. Going that route was a one way street that will be difficult to turn back from.

The whole deal smells rotten to be honest. This guy will need tens, if not hundreds, of millions to put in a hotel, rebuild the marina which was completely destroyed in Dorian, rebuild restaurants, fix up the golf course, build a proper commercial center, and get everything else up to speed. He will not make the money back in his lifetime. None of this is even considering the impact that COVID has had (and will continue to have) on the tourism market, something that omicron is making known again.

It’s so simple. Let the market speak. Who believed in Lyford Cay or Albany?
It’s his money so let him invest. I wouldn’t worry as long as Abaco benefits.
Marina, Beach Hotel, commercial center, golf course, condos, restaurants marijuana free, why not another Bakers Vay? Like or dislike, Investment counts and created jobs, and politicians
better be supportive as they only can talk but otherwise broke.