Oh and BTW get used to corrupt deals like this. FNM just getting started. When I saw FNM wasn't passing a Freedom of Information Act after all their promises of transparency, I realized we were dealing with real con artists. You ain't seen nothing yet. This is just the tip of the iceberg.
ReConcernedCitizen What a joke it is to question my approximation, when we don't even know where hundreds of millions of VAT money went. Bahamians are a very jokey people. They let their government treat them like fools.
Re ConcernedCitizen Do you know how much it will cost to rent most of Town Center Mall and convert it into a functional, modern post office for the next 5 years? If this Government can spend 65 mill on a dump in Grand Bahama, imagine what they will spend for a "prime" location in NP. Add to this that corruption is likely involved, and the price is anyone's guess. The truth is you likely don't know how much it will cost and will never know, neither will I, because we have no Freedom of Information Act.
I am 100% sure the old Phil's is a better location for the post office to relocate permanently!!! 1. We already own it; 2. It's a new, modern building; 3. Excellent location. It's a no brainer over Town Center Mall, which is: 1. Old, run down, ugly and outdated; 2. We don't own it; 3. Conflict of interest;. 4. Will cause increased traffic jams in the already high traffic location.
I agree. The Post Office is a dying or already dead business model. The old Post office building is in a very valuable location that should not be wasted on another post office. IMO it should be torn down and replaced by a multi story marketplace where Bahamians can set up shop and sell goods to tourists and locals. Asia, especially China, has these marketplaces all over the place. The key is giving many Bahamians a chance to become vendors at a reasonable rent.
The 20 million was an approximated guess of how much it will cost to transform a derelict shopping mall into a functional government central postoffice. I guess in your mind you would have them storing mail in cardboard boxes. I do not believe this approximation is that far off. Even if it is 10 million dollars or 5, these funds would be much better spent on a building the Government already owns. That my friend is a no brainer. Why invest millions into someone else's building?
4 million is a great deal. The Gov owns Phils through Resolve. Using Phils, a new building, is a no brainer. The Phils building is a much better option for the Government.
I'm going to have to agree that this is a bad idea. The TC Mall will have to undergo a huge amount of structural renovations to be fit for a post office. Instead of spending 20 million on changing TC Mall into a post office, use it to build a new building. Father, the Government owns enough buildings that it does not need to be renting one. I'm going to have to call this corruption based on the information at hand.
Re Alex: You take things very seriously that may have been said in jest. The Bahamas has now been put in an impossible situation with this blacklist. It simply cannot win.The consequences of revoking the permanent residence program are huge, drastic and inconceivable: destroy realestate, Albany, Lyford Cay and much of the economy. This one is rock bottom for Team Bahamas and invalidates much of a decades work on righting financial services and even the merits of joining WTO. If you don't laugh, you'll cry.
This seems like a double standard. It appears the Bahamas is screwed and has no friends in high places. The other countries on the list sell passports and they treated us the same. It shows they are out to get us!
BahamaPundit says...
Oh and BTW get used to corrupt deals like this. FNM just getting started. When I saw FNM wasn't passing a Freedom of Information Act after all their promises of transparency, I realized we were dealing with real con artists. You ain't seen nothing yet. This is just the tip of the iceberg.
On Post Office’s new landlord - Brent?
Posted 18 October 2018, 12:18 p.m. Suggest removal
BahamaPundit says...
ReConcernedCitizen What a joke it is to question my approximation, when we don't even know where hundreds of millions of VAT money went. Bahamians are a very jokey people. They let their government treat them like fools.
On Post Office’s new landlord - Brent?
Posted 18 October 2018, 12:05 p.m. Suggest removal
BahamaPundit says...
Re ConcernedCitizen Do you know how much it will cost to rent most of Town Center Mall and convert it into a functional, modern post office for the next 5 years? If this Government can spend 65 mill on a dump in Grand Bahama, imagine what they will spend for a "prime" location in NP. Add to this that corruption is likely involved, and the price is anyone's guess. The truth is you likely don't know how much it will cost and will never know, neither will I, because we have no Freedom of Information Act.
On Post Office’s new landlord - Brent?
Posted 18 October 2018, 12:02 p.m. Suggest removal
BahamaPundit says...
I am 100% sure the old Phil's is a better location for the post office to relocate permanently!!! 1. We already own it; 2. It's a new, modern building; 3. Excellent location. It's a no brainer over Town Center Mall, which is: 1. Old, run down, ugly and outdated; 2. We don't own it; 3. Conflict of interest;. 4. Will cause increased traffic jams in the already high traffic location.
On Post Office’s new landlord - Brent?
Posted 18 October 2018, 10:56 a.m. Suggest removal
BahamaPundit says...
I agree. The Post Office is a dying or already dead business model. The old Post office building is in a very valuable location that should not be wasted on another post office. IMO it should be torn down and replaced by a multi story marketplace where Bahamians can set up shop and sell goods to tourists and locals. Asia, especially China, has these marketplaces all over the place. The key is giving many Bahamians a chance to become vendors at a reasonable rent.
On Post Office’s new landlord - Brent?
Posted 18 October 2018, 10:52 a.m. Suggest removal
BahamaPundit says...
The 20 million was an approximated guess of how much it will cost to transform a derelict shopping mall into a functional government central postoffice. I guess in your mind you would have them storing mail in cardboard boxes. I do not believe this approximation is that far off. Even if it is 10 million dollars or 5, these funds would be much better spent on a building the Government already owns. That my friend is a no brainer. Why invest millions into someone else's building?
On Post Office’s new landlord - Brent?
Posted 18 October 2018, 10:16 a.m. Suggest removal
BahamaPundit says...
4 million is a great deal. The Gov owns Phils through Resolve. Using Phils, a new building, is a no brainer. The Phils building is a much better option for the Government.
On Post Office’s new landlord - Brent?
Posted 18 October 2018, 9:41 a.m. Suggest removal
BahamaPundit says...
I'm going to have to agree that this is a bad idea. The TC Mall will have to undergo a huge amount of structural renovations to be fit for a post office. Instead of spending 20 million on changing TC Mall into a post office, use it to build a new building. Father, the Government owns enough buildings that it does not need to be renting one. I'm going to have to call this corruption based on the information at hand.
On Post Office’s new landlord - Brent?
Posted 18 October 2018, 3:06 a.m. Suggest removal
BahamaPundit says...
Re Alex: You take things very seriously that may have been said in jest. The Bahamas has now been put in an impossible situation with this blacklist. It simply cannot win.The consequences of revoking the permanent residence program are huge, drastic and inconceivable: destroy realestate, Albany, Lyford Cay and much of the economy. This one is rock bottom for Team Bahamas and invalidates much of a decades work on righting financial services and even the merits of joining WTO. If you don't laugh, you'll cry.
On OECD rattles its sabre on investor residency
Posted 17 October 2018, 8:54 p.m. Suggest removal
BahamaPundit says...
This seems like a double standard. It appears the Bahamas is screwed and has no friends in high places. The other countries on the list sell passports and they treated us the same. It shows they are out to get us!
On OECD rattles its sabre on investor residency
Posted 17 October 2018, 4 p.m. Suggest removal