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.

Someone is getting sued for a big payout.

Crypto is here to stay whether people like that or not. You have to view it as an investment and be willing to ride the waves. Buy low, sell high. It is the stock market with a much quicker turnover cycle. You can even mine a coin like Ethereum from your GPU profitably. No reason not to take part.

In response to some of your criticisms of crypto :

1.) They can be coverted to cash with proper ATMs

2.) Fiat currency is backed with nothing. Bitcoin, for example, is backed with limited supply that becomes progressively harder to obtain (mine). You could mine Bitcoin from your GPU in the old days, you now need a dedicated miner to do so profitably.

3.) Same criticism applies to credit cards and online bank accounts

4.) Cash is just as hard to trace, and can be laundered just as easy. How many Bahamian businessmen today have their hands dirty from drug money in the 80s, or gambling money today?

There is nothing to indicate that this variant is anything to be concerned with in terms of severity. At some point everyone just needs to accept that they are probably going to get COVID, shots or not. Deal with it, and move on with life.

Funny how I see exposure notifications for Air Canada flights all the time when checking the Canadian news. It is quite hilarious considering that you need your shots in order to fly in Canada.

Honestly, the best solution is to just tear the Grand Lucayan down at this point. Nobody is going to buy the hotel in it's current state. One of the earliest signs that we were in trouble with Minnis was when he removed any negotiating leverage he had by getting stuck with the hot potato hotel. It really highlighted the poor negotiating skills of the previous government, which was confirmed with the terms of the PI lease.

Study what Pablo Escobar did in Colombia. He took many of the poorest out of the slums and gave them homes for free. In exchange, he had their loyalty and got many soldiers for his cartel. He was so popular that he actually ended up in government. We are seeing a similar process happen here.

This is old news. This deal was allegedly going to happen from when the FNM was in government. Treasure Cay is a community without vision and this man would have to be a fool, or have some ulterior motive, to buy it. You cannot have a community catering to both second homeowners AND partying tourists. They are two completely different demographics that you are trying to appeal to. Not to to mention that aside from periods during the Kappeler years, Treasure Cay was nothing but a loss making endeavor under Meister's ownership. Without a beachfront casino and hotel, you would be wasting money investing into the community. The second homeowners and locals are not going to be much in favour of that though.

I expect this deal to go the same way of the Canadians, Chinese, and everyone else that has looked at Treasure Cay in the past. The real MVP of Treasure Cay is Craig Roberts. Without him doing his best to get Bahama Beach Club back on its feet, Treasure Cay would be a completely lost cause.

What you mentioned about the sinovac shots seems to be pretty common. Apparently a lot of Latin/South American countries have received them, and it was causing difficulties for students who had arranged to study in the US as they were not recognized there. I have heard similar stories with the Russian made one in Europe as well.