I am so disappointed, we were told this was a rigorous process of selecting the best of the best out of dozens of offers. I expected a well known name brand with experience in hotel management, I hoped that the press conference would have included a team from the developer showing and explaining their vision, plans, drawings etc.
What we got was one guy that flew over to say a few words and a political rally.
Literally 10 minutes on google shows that this is a wealth management company listed on the Israeli stock exchange that invests primarily in apartments and then uses a subsidiary company to manage them as rentals. They dabble in old malls and hotels but their business revolves around buying to add value and not hotel management. A look into some of their property management reviews tells you all you need to know about their business ethics.
The 5 million “donation” and the political pandering was embarrassing. As is required, I wish and hope this is successful however I am tired of wishing and hoping.
Some random company has decided to build a $430,000,000.00 Agirhaven (whatever that is) on the side of the island that had 20 plus feet of flood water, little infrastructure, poor roads etc. on an island where electricity rates are 10 times that of the U.S?
Speaking about the O2 "resort" (actually a small gated community, not a full resort) the government had nothing to do with it.
A new hospital, how many new hospitals is that now that the government has promised? maybe we will get another billboard to look at everyday. Can you please just do this already!
Solomon's downtown! again, nothing to do with the government.
You want to build a fancy indoor swimming pool in a major flood zone?
Can we please just get some old buildings knocked down, including the airport and all the old hotels? Could we have some of the government roads out east and west resurfaced? most of all, could we please have a realistic hospital and airport?
I could pick apart the comments in this article however I will cut to the chase and say I am torn between the below comments.
1. I wish, hope and pray half of what you say comes to fruition.
2. If anyone believes this speech then I have a derelict, condemned 2 star hotel that has never made money in a decaying, forgotten island with no airport, no hospital, no tourism product and no plan that I will sell you for 160 million dollars.
It seems this government is positioning itself to take certain moves in Freeport.
At the very least I fear they intend to blame the port if nothing happens in this term.
At the worst they seem to be attempting to sway public perception that there has to be legislative and administrative changes if we ever want things to change. I presume with Freeport back in the fold we will be paying further taxes.
The most concerning aspect is that this government could be purposefully steering investment away from Freeport and stalling at every opportunity to further this perception and convince residents that there must be a change and of course the attached taxes if we ever want better.
Recent actions seem to show the port leadership is aware of this move.
Working hard to be a Bahamian business owner in the Bahamas getting demonized by your own people to make 20% profit while the government does absolutely nothing and yet makes 45% profit on everything you sell..... Priceless.
I hope it is all true. The medical school and Doctors hospital will be the best things to have happened for us for years. Please remember neither project was created by the Government or the Port.
Business owners in Freeport, please stop allowing Government and Port officials to "open" your new project or take photo ops when they had nothing to do with your success.
Government and the Port, please, please start doing something! Anything! You own both the hotel and the airport, at least clean them up. Stop holding everything back. Stop frustrating and slowing down everything.
TimesUp says...
I am so disappointed, we were told this was a rigorous process of selecting the best of the best out of dozens of offers. I expected a well known name brand with experience in hotel management, I hoped that the press conference would have included a team from the developer showing and explaining their vision, plans, drawings etc.
What we got was one guy that flew over to say a few words and a political rally.
Literally 10 minutes on google shows that this is a wealth management company listed on the Israeli stock exchange that invests primarily in apartments and then uses a subsidiary company to manage them as rentals. They dabble in old malls and hotels but their business revolves around buying to add value and not hotel management. A look into some of their property management reviews tells you all you need to know about their business ethics.
The 5 million “donation” and the political pandering was embarrassing. As is required, I wish and hope this is successful however I am tired of wishing and hoping.
On Agreement for $100m sale of Grand Lucayan Resort
Posted 12 May 2022, 8:50 a.m. Suggest removal
TimesUp says...
And our present...
On No decision on Columbus statue
Posted 19 March 2022, 8:45 a.m. Suggest removal
TimesUp says...
So let me get this right....
Some random company has decided to build a $430,000,000.00 Agirhaven (whatever that is) on the side of the island that had 20 plus feet of flood water, little infrastructure, poor roads etc. on an island where electricity rates are 10 times that of the U.S?
Speaking about the O2 "resort" (actually a small gated community, not a full resort) the government had nothing to do with it.
A new hospital, how many new hospitals is that now that the government has promised? maybe we will get another billboard to look at everyday. Can you please just do this already!
Solomon's downtown! again, nothing to do with the government.
You want to build a fancy indoor swimming pool in a major flood zone?
Can we please just get some old buildings knocked down, including the airport and all the old hotels? Could we have some of the government roads out east and west resurfaced? most of all, could we please have a realistic hospital and airport?
On $430m Agrihaven development among projects planned for Grand Bahama
Posted 19 March 2022, 8:42 a.m. Suggest removal
TimesUp says...
I could pick apart the comments in this article however I will cut to the chase and say I am torn between the below comments.
1. I wish, hope and pray half of what you say comes to fruition.
2. If anyone believes this speech then I have a derelict, condemned 2 star hotel that has never made money in a decaying, forgotten island with no airport, no hospital, no tourism product and no plan that I will sell you for 160 million dollars.
On DPM unveils 1,500 job GB construction boom
Posted 18 March 2022, 12:30 p.m. Suggest removal
TimesUp says...
And……
Don’t just pick on 1. If ya brave then publish a list of the salaries of every one of our 200ish boards, committees and special ministries.
On DAVIS: FOOD LEADER PAID $7K A MONTH – PM keeps up attack on programmes during former administration
Posted 17 March 2022, 9:21 a.m. Suggest removal
TimesUp says...
It seems this government is positioning itself to take certain moves in Freeport.
At the very least I fear they intend to blame the port if nothing happens in this term.
At the worst they seem to be attempting to sway public perception that there has to be legislative and administrative changes if we ever want things to change. I presume with Freeport back in the fold we will be paying further taxes.
The most concerning aspect is that this government could be purposefully steering investment away from Freeport and stalling at every opportunity to further this perception and convince residents that there must be a change and of course the attached taxes if we ever want better.
Recent actions seem to show the port leadership is aware of this move.
On Moxey ‘shares concerns’ of Freeport marchers
Posted 17 March 2022, 9:09 a.m. Suggest removal
TimesUp says...
What do you bet that the "large taxpayer unit" will cost more to operate than it collects each year?
On PM unveils plans for $900m crackdown on large tax delinquents
Posted 10 March 2022, 9:30 a.m. Suggest removal
TimesUp says...
It would have been nice to see the 10 items of concern.
On Concerned Grand Bahama businesspeople, residents march to GBPA
Posted 7 March 2022, 8:35 a.m. Suggest removal
TimesUp says...
Working hard to be a Bahamian business owner in the Bahamas getting demonized by your own people to make 20% profit while the government does absolutely nothing and yet makes 45% profit on everything you sell..... Priceless.
On HOW FAIR ARE PRICES WE’RE HAVING TO PAY? As inflation rises, stores facing question of how much margin they make
Posted 17 February 2022, 8:58 a.m. Suggest removal
TimesUp says...
I hope it is all true. The medical school and Doctors hospital will be the best things to have happened for us for years. Please remember neither project was created by the Government or the Port.
Business owners in Freeport, please stop allowing Government and Port officials to "open" your new project or take photo ops when they had nothing to do with your success.
Government and the Port, please, please start doing something! Anything! You own both the hotel and the airport, at least clean them up. Stop holding everything back. Stop frustrating and slowing down everything.
On MARINA SALE A HUGE BOOST FOR FREEPORT: US developer buys Port Lucaya for 200 condo/hotel project
Posted 15 February 2022, 12:47 p.m. Suggest removal