Comment history

OldFort2012 says...

Well, as to the tourist spend, it's hardly surprising:
1. Cruise lines passengers are rednecks on a tight budget and stay a few hours only.
2. Tourists going to Baha Mar stay several days and have a much larger budget.
It boils down to numbers: 3,000 passengers x $50 = $150,000/day, which is more money than you can find in the whole of Eleuthera. Per day.

At to the One Eleuthera project...is it funded? Do they have any money to put down or are they talking out of their ass, as Bahamians love to?

Simple questions....but let all the facts come out and the local Eleutherans decide. I have no doubt they will make the wrong choice, as we have done with monotonous regularity since 1973.

OldFort2012 says...

Amazing how ignorant of the Constitution people are. Is it not taught in school? The Governor General is appointed by the Head of State. That is HM The Queen. She serves at Her pleasure. Minnis could no more fire her by himself as he can fly by flapping his arms.

He would have to ask the Queen. The Queen normally would never refuse The Prime Minister. But in this matter she would naturally consult with the Privy Council. Which basically means that Theresa May would decide. But probably she would have no interest in the matter either way and Minnis would get his way.

OldFort2012 says...

Noble sentiments. Which you cannot eat.

How much do you spend when you sit down "en famille" in the mentioned restaurants? $100?

And how much will Disney leave behind? And how many jobs will they create? It's a matter of balance. Sure, it's great to say "Don't develop, I like it the way it is." from 1,000s of miles away, while spending a week a year there. But those Eleutherans need to eat too and 365 days a year.

I am sure a compromise can be found which satisfies all sides. Most importantly, local Eleutherans need to decide, not Canadians or Americans. But all opinions on the subject are welcome.

OldFort2012 says...

Easy. If they put up the money, you have no worries. The private sector is not like the Bahamian government. No one pisses away $130m willingly.
I wish them good luck.

I would not touch it with a barge pole. Unions, workers, government, red tape....nothing is smooth sailing here.

OldFort2012 says...

We'll hit something alright. But it's the reef. And sink.

On Lucayan - we’ll hit a home run

Posted 29 August 2018, 2:21 p.m. Suggest removal

OldFort2012 says...

Huh? Why just not give Hutchinson a guarantee and find a buyer and then recompense Hutchinson on any difference? Why close the whole transaction first? Any buyer and Hutchinson would have been perfectly happy with a government guarantee to fund differences. This makes no sense at all.

On We’re ready to take a hit on sale price

Posted 27 August 2018, 10:23 a.m. Suggest removal

OldFort2012 says...

That $65m sale price broken down:

To Hutchinson Whampoa: $1. Which is $1 more than they thought they could get.

$64,999,999...ahem...stays at home.

On We’re in the hotel business . . . for now

Posted 23 August 2018, 11:55 a.m. Suggest removal

OldFort2012 says...

You will choose the obvious: conclude that the Bahamas has very limited facilities and is far too expensive and go to Jamaica instead. Or Key West, or the DR, or Turks....

On Govt purchases Grand Lucayan resort

Posted 23 August 2018, 7:10 a.m. Suggest removal

OldFort2012 says...

$65m, eh? Nice.

Now, it would be ideal if you connected Grand Bahama to Florida via a bridge. That would enable the tourists much easier access and would therefore increase the value of your investment hundredfold. I just happen to have one I could sell you.

Negotiating with our government must be like being in scenes from Dumb and Dumber.

If that dilapidated piece of crap is worth $65m, most cars you see in Nassau the government would happily buy for $10m. (with kickback, of course.)

On Govt purchases Grand Lucayan resort

Posted 23 August 2018, 4:30 a.m. Suggest removal

OldFort2012 says...

You should learn to read. I said that AA are never late on the Nassau-Miami-Nassau route. Of course they have problems when you take ALL routes they fly into consideration. You know how many there are?
I must fly with them 20 times/year Nassau-MIA and I have never been late more than 15 mins in 5 years. While I have never been on time with Bahamasair. I lie. Once.