Unfortunately, there is no such thing as long term Government leases in The Bahamas, because enforcing the terms of a lease requires organized management skills.
To be honest, I am shocked this is even an issue. The Shanty Towns' very existence breach over a hundred Bahamian laws. How an injunction to keep them in place could even be entertained by the Courts is simply miraculous. Rights Bahamas should play the lottery; their luck is out of this world.
In the US or other first world countries, you don't hear of governments giving away land after a hurricane. This makes no sense. Reconstructing homes is the normal assistance a government undertakes, but "free property" is not. Giving away property has nothing to do with hurricane reconstruction whatsoever.
This sounds like a Haitian "give away' but I hope it's not. The Government should focus on assisting Bahamians repair homes destroyed in the storm. These Bahamians would still have the property and only need assistance with rebuilding, so the land give away seems like a corrupt scheme. The hurricane is being used as an excuse to enrich cronies.
The problem is the small size of our population: 400K compounded by existential threats of more hurricanes next year plus a low productivity workforce and extreme corruption in the granting of government contracts and the value for money paid. All of these add up to a terrible situation. A situation that any right thinking, logical person would label a state of emergency. Not a dollar more should be borrowed!
73 million seems to be undervalued, considering that Aliv will soon be a monopoly and BTC out of business. I would value majority ownership of Aliv at 150 million. I hope the Government gets value and isn't just selling cheap to cronies.
I have never felt The Bahamas to be so near to financial collapse. Time to have a backup strategy in other countries, because this is the worst I've ever seen it.
Of course he has "no apologies," he didn't lose a single cent. Make him pay the lost 7 million dollars out of his personal bank account. Then he would sing a different tune.
BahamaPundit says...
Heist Life
On Maynard: BPL customers will pay more than $30
Posted 3 December 2019, 6:27 p.m. Suggest removal
BahamaPundit says...
Unfortunately, there is no such thing as long term Government leases in The Bahamas, because enforcing the terms of a lease requires organized management skills.
On SEE YOU IN COURT: Defiant Bethel vows to fight legal moves on shanty towns
Posted 3 December 2019, 6:20 p.m. Suggest removal
BahamaPundit says...
To be honest, I am shocked this is even an issue. The Shanty Towns' very existence breach over a hundred Bahamian laws. How an injunction to keep them in place could even be entertained by the Courts is simply miraculous. Rights Bahamas should play the lottery; their luck is out of this world.
On SEE YOU IN COURT: Defiant Bethel vows to fight legal moves on shanty towns
Posted 3 December 2019, 6:11 p.m. Suggest removal
BahamaPundit says...
In the US or other first world countries, you don't hear of governments giving away land after a hurricane. This makes no sense. Reconstructing homes is the normal assistance a government undertakes, but "free property" is not. Giving away property has nothing to do with hurricane reconstruction whatsoever.
On Land of the free: Minnis reveals Crown Land giveaway to fuel Dorian reconstruction
Posted 3 December 2019, 9:39 a.m. Suggest removal
BahamaPundit says...
This sounds like a Haitian "give away' but I hope it's not. The Government should focus on assisting Bahamians repair homes destroyed in the storm. These Bahamians would still have the property and only need assistance with rebuilding, so the land give away seems like a corrupt scheme. The hurricane is being used as an excuse to enrich cronies.
On Land of the free: Minnis reveals Crown Land giveaway to fuel Dorian reconstruction
Posted 2 December 2019, 10:10 a.m. Suggest removal
BahamaPundit says...
The problem is the small size of our population: 400K compounded by existential threats of more hurricanes next year plus a low productivity workforce and extreme corruption in the granting of government contracts and the value for money paid. All of these add up to a terrible situation. A situation that any right thinking, logical person would label a state of emergency. Not a dollar more should be borrowed!
On DPM: Opposition 'working hard' to attract downgrade
Posted 26 November 2019, 8:14 p.m. Suggest removal
BahamaPundit says...
Please read the article in the Tribune business section today for some of my reasoning: Fears Bahamas 'On Edge Of Abject Failure'
On 'Not grim' despite $1.3bn debt surge
Posted 21 November 2019, 3:37 p.m. Suggest removal
BahamaPundit says...
73 million seems to be undervalued, considering that Aliv will soon be a monopoly and BTC out of business. I would value majority ownership of Aliv at 150 million. I hope the Government gets value and isn't just selling cheap to cronies.
On Aliv IPO goal for 2022-2023
Posted 21 November 2019, 3:34 p.m. Suggest removal
BahamaPundit says...
I have never felt The Bahamas to be so near to financial collapse. Time to have a backup strategy in other countries, because this is the worst I've ever seen it.
On 'Not grim' despite $1.3bn debt surge
Posted 21 November 2019, 10:49 a.m. Suggest removal
BahamaPundit says...
Of course he has "no apologies," he didn't lose a single cent. Make him pay the lost 7 million dollars out of his personal bank account. Then he would sing a different tune.
On Senator: 'No apologies' for deal's wasted $7m
Posted 19 November 2019, 8:10 p.m. Suggest removal