All as easily predicted. Chapter 11 in U.S. court was only hope for this project. Liquidation was predictable disaster and time has run out. Assets, both physical and intangible, are rapidly degrading. In six months it will be a teardown. All for what? Perhaps to hide from public dealings between powerful persons in the Bahamas and the Chinese contractor and bank which U.S. Courts would have exposed? What other reason could there be? This liquidation strategy was doomed from the outset. All the promises made to find a new investor and to have the property open and running soon are risible.

It's admittedly a tough word, but let's see if you can spell it, Governor General?
"Hypocrisy". That's right h-y-p-o-c-r-i-s-y. No you don't have to define it. You've lived it.

Starts right at the top. Our political leadership who pontificate and hand wring about the loss of values among our youth, have pushed their faces as deep in the trough of corruption as they can go. No transparency. No consequences for glaring theft of public funds. Promises of inquiry reports to be tabled in Parliament, go long forgotten. Referenda held and ignored. Graft unabated. Do they really think these street thugs don't know what is going on at the top? Do they really not know the rot starts at the head?

Tal, No one can defend the imposition of a program of such overwhelming economic and social significance absent full prior disclosure and an adequate opportunity for open discussion and comment prior to its implementation. This makes a pig in a poke look like total transparency.

Has the Obamacare debacle taught us nothing?

And one of the women was carrying papers documenting her legal status in the country. What is wrong with you? What if you were visiting a foreign land and this happened to you? Arrested without cause, other than being a foreigner; put into a prison with no access to a bathroom; and subjected to all sorts of humiliating comments if not worse! You defend that? This is the logical result from Mr. Fred Mitchell's assault on the Constitution of this country, not to mention humanity, all for perceived political benefit. He operates just like his pals the Castro Brothers.

Yes. Per Mr. Gore and his Chicken Little minions, Miami and New York City are already underwater and the entire Artic Ice cap has melted. In fact we here in the Bahamas are all drowned. Gee, I thought Heaven would be nicer.

Like government run power companies? Like government run telecommunications companies? Like government managed mega resort bankruptcies? You'll like government run health care.

Dear Bran,
Come home. It's going to get very lonely out there in the wilderness. It's also going to be a lousy legacy to be remembered as the man whose oversized ego destroyed this country.

Now it begins.

The inevitable.

The resort to U.S. "work out" bankruptcy court would have guaranteed the property would have been open by now. That is what Chapter 11 Courts do. Preserve the asset.

That means all the Bahamian sub contractors would have been paid in full. That is the only way to get those necessary support sub contractors back to work to open the property.

That is what a Chapter 11 Court is there to do.

Why was it not used in this situation? What possible reason for this "liquidation" approach that simply guarantees the following:
1.None of the Bahamian sub contractors who were owed millions will ever be paid.
2.None of the employees who would have received full compensation in order for the property to open will ever recover lost wages.
3.None of the critical personnel who were waiting to start work, who have now left the country will ever be induced to return.
4.None of the hotel management companies, critical to the successful operation of the property, will ever agree to manage the property. They will take relief under clauses in their contracts with the developer, and walk away.
5.The property will become a bleeding hole in the heart of the Bahamas which will remain that for years, yes I mean years, as it deteriorates and the legal wrangling associated with "liquidation" goes on in courts all over the world.
6.The Bahamian economy will suffer for all that time.

There is only one answer. The leaders of this government and their minions could not face the inquiry and associated transparency of a U.S. court system. They have too much to hide.

There is no other explanation.

Now it begins.

The inevitable.

The resort to U.S. "work out" bankruptcy court would have guaranteed the property would have been open by now. That is what Chapter 11 Courts do. Preserve the asset.

That means all the Bahamian sub contractors would have been paid in full. That is the only way to get those necessary support sub contractors back to work to open the property.

That is what a Chapter 11 Court is there to do.

Why was it not used in this situation? What possible reason for this "liquidation" approach that simply guarantees the following:

1. None of the Bahamian sub contractors who were owed millions will ever be paid.
2. None of the employees who would have received full compensation in order for the property to open will ever recover lost wages.
3. None of the critical personnel who were waiting to start work, who have now left the country will ever be induced to return.
4. None of the hotel management companies, critical to the successful operation of the property, will ever agree to manage the property. They will take relief under clauses in their contracts with the developer, and walk away.
5. The property will become a bleeding hole in the heart of the Bahamas which will remain that for years, yes I mean years, as it deteriorates and the legal wrangling associated with "liquidation" goes on in courts all over the world.
6. The Bahamian economy will suffer for all that time.

There is only one answer. The leaders of this government and their minions could not face the inquiry and associated transparency of a U.S. court system. They have too much to hide.

There is no other explanation.