How did A-TEC end up? In any case, I honestly don't think Kovats is a good fit for Treasure. The first big problem is that most of the community was opposed to him getting it. Homeowners (locals and second homeowners) have a lot of influence in day to day operations, so you have to consider their opinions to a certain degree. The second is that Kovats does not come off as an experienced hotelier to me. You need someone with experience to deal with a project of this size, which is why I always believed Craig Roberts would have been the best developer if he could have pulled it off. Who gives a shit what other business he is involved in, the fact is that he has produced a good tourism product with proven results; that experience is mandatory when developing a project of this size. In any case these people out of Jacksonville come across as serious, no nonsense developers so I think that they will do a good job with it.

Ideally there would be some form of independent body responsible for ensuring that the reports are accurate in addition to being filed on time. Filing a bunch of foolishness just to say you filed and met the deadline is pointless and does nothing to benefit this country. One somewhat recent case what comes to mind is when Brent Symonette declared a net worth of 156 mil in 2017, which is unbelievably low for him tbh. It wasn't just him that cycle, I am just using it as an example to illustrate the point. Doing things just for the sake of doing things benefits no one.

I only hope that any developer of Treasure Cay is interested in supporting local Abaconian businessmen and professionals and not just bringing in their American buddies to steal all of the good paying work.

You can go just go read his Wikipedia entry and find out more if you were really serious.

You are mistaken, the government has every right to require a bond. The original developer of Treasure Cay, Leonard Thompson, had to meet certain conditions related to developing the resort within a certain time frame as part of his agreement. This isn't something that they asked for out of the blue, and any serious developer would understand that and put it down to diffuse any concerns that might have existed about parking the land.

Exactly. The government has every right to refuse approval for the sale, people pretending as if the government did something wrong have no clue what they are talking about. This is a sale involving a bit less than 100 acres IIRC of prime real estate, some of it being top tier beachfront real estate, you can't approve the sale to every Tom Dick and Harry who wants to buy it.

Realistically speaking, who audits these disclosures anyways? Law is nothing but a bunch of words on parchment if there is no enforcement, and the thing is that we know any statute related to disclosing politicians wealth will never be enforced anyways because neither party wants to start digging skeletons up out of their backyard. Politics is nothing more than entertainment and shouldn't be taken seriously.

Wait for the appeal, he most likely will not serve even half of that....unless he knows something the political establishment would want to keep him locked away for.

Few points of contention:

1.) Wages have just recently started catching up with the past few years of soaring inflation. I would even stick my head out and say that they haven't yet caught up in the Bahamas, but I don't have the numbers to study. Even now 3.1% in the US is above the ideal 2% target.

2.) US credit card debt is at an all time high. I also have anecdotal evidence that supports what seems to be that a large number of people are only surviving with their cards maxed out.

3.) Job numbers are being consistently revised downwards and a large portion of those "gains" are people taking second or even third jobs to make ends meet.

4.) The increase in gas prices started well before the invasion of Ukraine, the average actually topped $3.00 in 2021. The invasion may have helped with some of the increase, but the West was the one that tried to one up Russia with sanctions only to buy using India as a middle man anyways. The Russian economy has held up extraordinarily well, even posting growth despite the heavy amount of sanctions, so this was a complete foreign policy failure (and big benefit for Russia considering it has permanently decoupled them from the West, no more cords to cut).

5.) The Bahamas does in fact benefit in one way (particularly in real estate and construction) from the money looking to cut loose with America while it still can, but inflation in the US has hit us hard considering that we import nearly everything from there. Not everyone works in real estate or construction to feel that boom. I'm telling you that I have personally seen prices in some items double since COVID and a lot of people are not receiving the kind of wage increases (if any) to keep pace.

Long story short is that the economic picture is not nearly as rosy as it may seem. There is a thread of hope but quite frankly most working class people are only living off of credit and young people especially are at an extreme disadvantage considering the extremely difficult housing market that they are trying to start a life in.

No, that was Haiti IIRC and he certainly wasn't wrong either. The current occupant thinks that crack cocaine was made in the Bahamas lol.