Wednesday, June 18, 2025
By KEILE CAMPBELL
Tribune Staff Reporter
kcampbell@tribunemedia.net
THE government is proposing a slate of legislative changes to combat urban decay, curb the unchecked spread of liquor stores, and ease the country’s ongoing housing crisis.
The measures, outlined yesterday by Minister of Housing and Urban Renewal Mr Keith Bell during the 2025/26 budget debate, aims to restore neglected neighbourhoods and restructure how housing and commercial development are regulated.
Mr Bell said the government’s plans include amendments to the Real Property Tax Act and the Tariff Act, aimed at incentivising property owners to restore abandoned and derelict buildings. The amendments would introduce tax concessions and customs duty exemptions for renovations, part of what the government calls its “Clear-Hold-Build” strategy.
“These eyesores attract crime, depress surrounding property values, and erode the spirit of communities,” Mr Bell said. In a survey of one 2,000-foot inner-city corridor, officials found 55 derelict vehicles and 33 abandoned buildings — nearly one every 63 feet. A similar stretch turned up 54 derelict vehicles and 24 deserted buildings.
Wider surveys conducted by Urban Renewal reported 498 derelict vehicles, 306 abandoned buildings, 165 vacant lots, and 16 roadside garages across just a handful of inner-city streets.
Mr Bell emphasised that physical revitalisation is critical to the success of social upliftment efforts. The legislation, he said, will make it easier to identify problem properties, step up enforcement, and offer financial relief for those willing to restore them.
A separate set of reforms targets the concentration of liquor outlets in densely populated, economically fragile areas. Mr Bell announced that the government will amend the Business Licence Act to impose tighter regulations on the approval and location of liquor stores and bars — a problem flagged by the Urban Renewal Authority’s Street Level Survey.
“On one major commercial artery, there are 32 liquor establishments flanked by 73 abandoned buildings,” he said.
To strengthen housing access, Mr Bell outlined the Housing (Amendment) Bill, 2025, which will authorise the minister responsible for housing to draw up to 50 percent of the interest earned annually from the Mortgage Insurance Fund. The funds will be used to expand housing development without adding pressure to the Consolidated Fund.
The 2025/26 budget earmarks $5m for small home repairs, $2m for the Rent-to-Own Programme, and $1.5m for the renovation of government-owned rental properties. The Bahamas Mortgage Corporation, Mr Bell noted, has already disbursed over $80m in housing loans.
In a further move to secure long-term housing funding, Mr Bell introduced the Central Bank of The Bahamas (Amendment) Bill, 2025. The bill would allow the Minister of Finance to access interest income from dormant bank accounts to finance small home repairs and hurricane readiness initiatives.
“With the amendments to the Central Bank Act now before this House, we are creating the financial architecture to support the long-term sustainability of this programme,” Mr Bell said.
The amendments are expected to be laid during the committee stage of the current budget cycle.
Comments
bogart says...
In the Commonwealth of the Bahamas where the business enterprises are operated involving free market forces there will be more businesses operating in long established corridors like East Street. East St. for historical records has always been filled with all businesses and is easily located where every customer can find the store they are looking for in relation to more older established stores. Other corridors main roads include Carmichael Rd. and Wulff Rd.
In free competitive market conditions along the well known main established East St., Wulff Rd., Carmichael Rd., there will according to numerous other customer businesses that manage to operate their businesses at levels to still be operating for numbers of years. These businesses employ thousands of Bahamians, pay Business legal Licenses, electricity bills, NIB taxes, Rents for some store locations, supports more employees working in the large liquor factories, Pay advertising agencies - artists, ad designs, photographers and ad operations, and support lots of families who pay school fees and groceries from those are employed.
NIB, National Insurance of the Bahamas, a government entity that pays people medical bills and pensions is a major shareholder in a liquor manufacturing business that earns diviidends fron these liquor stores selling liquor.!!!!!
Businesses always locate in common sense business corridors to make money. On the matter of having people "loitering" or just chillin in front of stores whether they are in rumpled clothes it is entirely Bahamians Constitutional Rights to be where the want to wait or walk unless not permitted and unlawful. If yinna ain't want to look at any business entity, jus keep yinna eye on the road. If yinna don't like to go in a commercial business enterprise wid its mom an pop stores that feed the Bahamians for decades and a economic stability, then find another competing store in Lyford Cay area or P.I. and pay their prices, simple.
Posted 18 June 2025, 12:40 p.m. Suggest removal
ThisIsOurs says...
This so strange. For five years nobody notice?
Posted 18 June 2025, 2:19 p.m. Suggest removal
birdiestrachan says...
A liquor store and a bar are different. I AM of the view that purchases can not be opened in a liquor. .
Posted 18 June 2025, 6:48 p.m. Suggest removal
screwedbahamian says...
Happy to see that the Minister has been given permission to speak.
Perhaps he can now disclose who instructed him when he was minister of Immigration to" step down and get loss" when his immigration officers were knocking on the doors of some 50 plus illegal (invisible) workers. Was it the same Authority who would provide the safe passage of Illegal Columbian Cartel Product through the Bahamas Airports enroute to America for a two-Million-dollar fee per shipment????
Posted 19 June 2025, 9:49 a.m. Suggest removal
DWW says...
Lots of hot air and fullup jokes here. So who gets to decide who is the solitary lucky liquor store owner and who loses out big time when their business license gets yanked. so much for free market enterprise and a free open economy. This is just nanny state and crappy business people who can't take the heat of competition. if you take out the liquor stores does he really believe that the corridor will magically sprout wholesome family clothing stores and wellness centres HA! if the innercity could afford a weekly massage and pedicure i'm sure they would but all they can scratch out is couple bucks for stichy. someone may want to go back to highschool economics class and start over. Furthermore some of the most famous tourist destinations in the world have a row of eating and drinking and entertainment establishments in one place - like covent garden, bourbon street, King St. in charleston, Paris, how about Via Lammbertesca Florence. shortsighted teatotalling bible thumpers do not understand anything about business.
Posted 19 June 2025, 1:15 p.m. Suggest removal
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