And not exercise their Bahamian propensity to Micro-manage?
What on earth will they find to mess with otherwise?
No Slight to the individuals on "new" board but wow,
Talk about the Kettle calling the Pot black!
Political micro-management created this abysmal state of affairs, and continues.

And what legitimate buyer/Owner/operator is going to come and deal with the Port Authority?
Current owners are neither Wallace groves or Stafford Sands calibre.
A silk purse from a sows ear comes to mind....
Does anyone else liken this situation to the frantic panic seen towards the end of a ship sinking?
A prior article pointed out the waste of leverage by granting Devco/Freeport Industrial 20 year exemptions on Real Property taxes, (which also threw licensees into panic and uncertainty)
That could have seriously "Motivated" the Port to get off it's stumps and do its Job!
Responsibility lies with the Port first and last.
Anything else is a short lived bandaid.

But also typical.
The administrative stagnation in Freeport will bog this down just as it has everything else.
Hutch is operating at the Port Authority pace.

If a potential buyer does wander in, one look at the books while government run will chase them away post haste!
At least the Government is used to wasting/losing/bleeding money into bottomless pits and pockets.

Issue is the hotel and property need remedial work done to get it anywhere near presentable.
Still no airlift, and which old hotel dead heads will be "appointed" to run it?
Wonder if George Smith is available.....
Anyway this is a perfect example of Damned if you do, damned if you don't.
bpl/bec, Lucayan strip , Bay st, the list is endless.
Concessions being given left and right out of desperation,
And still no buyer, just another rusty can to kick down the road.

Dragging it out, each and every hand, old and new trying to get a finger into the pot.
So repeatably predictable.

"The vision is that the bank will be an iconic structure…it wants to be a one-of-a-kind building" that will inspire awe and be remembered by locals and visitors alike," Mr Fernander said."
Funny, I was just remembering the Royal Vic, They used to say the same thing about it, until
Government turned it's back on it, actively encouraged it's decay. What a marvelous Centerpiece it would have been for a tourist attraction, loads of history.

That the port has no book value is a given, given that the assets were stripped.
Half sold off for profit, the remainder pillaged for cash.
Government stood by and one P.M. facilitated it.
It is gonna get real soon.

I understand every time a buyer gets within inches of buying it, the game changes and it is attempted to "convert" them into Partners. (aka don't worry your money is safe with us)
seems quite a few have walked on that point which says a lot.

The SInk. Jeffrey Robinson. Read it.
Then you'll see the real picture.