We wait and we watch to see whose side The Bahamas Government is on...Baha Mar and the Bahamian Nation or CCA and the Chinese Government. If not FIRMLY on the side of Baha Mar and Bahamian Nation, exactly why not!!!
The discussions are still inching forward; gradually all parties are gaining a greater understanding of exactly where they stand. I would love to know what CCA and CEX-IM Bank are REALLY saying to each other. Has CCA ever admitted, even privately, that they did substandard work?????
Entrepreneurs are a very special breed. As far as Sarkis is concerned Baha Mar is not just about the $3.5billion he invested/borrowed to get the project to this point. Remember it cost about the same as sending the space-ship to check out Pluto!!!
Of course he and his family will fight tooth and nail to keep their investment, but for an entrepreneur the real issue is not the money, it's the dream and the thrill of being the orchestrator of this enormous project. Anyone who spends 13 years or so making a development project happen invests blood, sweat and tears, years of brain- storming, years of debate and research, a great deal of love and huge amounts of grief and heart-ache along the way!!
To threaten to take Baha Mar away from its creator is like ambushing and beating up Santa, stealing his sleigh and presents, and barbecuing Rudolph and the rest of the reindeers!!!
Hell! Yes!! Sarkis is mad!! And has every right to be so! Baha Mar is the Bahamas' biggest ever project! The Bahamas we enjoy has been created by probably twenty or less key entrepreneurs! Sarkis is the pick of the litter in this regard and is being treated really badly by The Bahamas government.
Of course he should show respect to The Bahamas government, but with all the frustrations he has had to contend with, I fully understand his obvious angst and if his comments seem too outspoken, I believe that he should be forgiven for this.
The dispute is finally down to the nitty gritty. Izmirlian has spelled out his gripes and CCA seems incapable of answering them in a meaningful way. I have not seen them deny the accusations being made against them. I think Izmirlian holds plenty cards;
1. Detailed knowledge garnered over the fifteen years he has spent developing his project, all of the relationships he has made with all of the staff and contractors who have helped the project (almost) reach fruition.
2. He is still the custodian of his dream and is absolutely needed to make his dream come to fruition.
3. He has the goodwill of most honest, good-hearted, thinking Bahamians.
4. He wisely has litigation underway in the USA and UK where we believe he will be treated fairly.
5. He knows where all of the skeletons are buried, who got what and why. Waiting to see if he plays THIS card!!
6. He is still in possession of the property and the project and will block any attempt to dislodge him through whatever means necessary. He will stay in possession for a long time with appeals and other legal strategies.
7. He has Righteousness on his side; CCA failed to deliver a completed project; they are obviously in the wrong.
8. The World is watching! Izmirlian is being seen as a victim by the International press. It is widely believed that The Bahamas government has conspired with, or was considering conspiring with, CCA and CEXIM to "take-over" the project. I really don't think that they now consider this to be a prudent move.
9. Izmirlian is rich, powerfully connected, has plenty guts and has shown that he refuses to be bullied.
10. Time is of critical importance; I hope and pray that CEXIM accepts his offer, which is the ONLY quick way to get Baha Mar back on track.
That's plenty cards! which could prove to be a winning hand. Then you will see Bahamians complete the project, $300 million flowing into the local economy and a completed and magnificent Baha Mar as a source of tremendous national pride.
Even The Bahamas government could save some face!!
Once chapter 11 bankruptcy protection was filed, surely we knew that Sarkis wanted to get rid of CCA. What a great opportunity that would be for the Bahamian construction industry to show the world what they are capable of. $300 million dollars spent locally would certainly get our local economy back on track. Great opportunity for happy ending, protecting Sarkis who deserves to be protected and give the Bahamas government an opportunity to do something for the Bahamian people.
Wideawake says...
We wait and we watch to see whose side The Bahamas Government is on...Baha Mar and the Bahamian Nation or CCA and the Chinese Government. If not FIRMLY on the side of Baha Mar and Bahamian Nation, exactly why not!!!
On BAHA MAR LATEST: Government party flies home from China, no resolution
Posted 29 July 2015, 9:14 a.m. Suggest removal
Wideawake says...
The discussions are still inching forward; gradually all parties are gaining a greater understanding of exactly where they stand. I would love to know what CCA and CEX-IM Bank are REALLY saying to each other. Has CCA ever admitted, even privately, that they did substandard work?????
On BAHA MAR LATEST: Government party flies home from China, no resolution
Posted 29 July 2015, 9:04 a.m. Suggest removal
Wideawake says...
Entrepreneurs are a very special breed. As far as Sarkis is concerned Baha Mar is not just about the $3.5billion he invested/borrowed to get the project to this point. Remember it cost about the same as sending the space-ship to check out Pluto!!!
Of course he and his family will fight tooth and nail to keep their investment, but for an entrepreneur the real issue is not the money, it's the dream and the thrill of being the orchestrator of this enormous project. Anyone who spends 13 years or so making a development project happen invests blood, sweat and tears, years of brain- storming, years of debate and research, a great deal of love and huge amounts of grief and heart-ache along the way!!
To threaten to take Baha Mar away from its creator is like ambushing and beating up Santa, stealing his sleigh and presents, and barbecuing Rudolph and the rest of the reindeers!!!
Hell! Yes!! Sarkis is mad!! And has every right to be so! Baha Mar is the Bahamas' biggest ever project! The Bahamas we enjoy has been created by probably twenty or less key entrepreneurs! Sarkis is the pick of the litter in this regard and is being treated really badly by The Bahamas government.
Of course he should show respect to The Bahamas government, but with all the frustrations he has had to contend with, I fully understand his obvious angst and if his comments seem too outspoken, I believe that he should be forgiven for this.
On Baha Mar wants contractor out
Posted 28 July 2015, 6:56 p.m. Suggest removal
Wideawake says...
Agreed 100%
On Beijing talks off to a rocky start
Posted 27 July 2015, 9:02 p.m. Suggest removal
Wideawake says...
The dispute is finally down to the nitty gritty. Izmirlian has spelled out his gripes and CCA seems incapable of answering them in a meaningful way. I have not seen them deny the accusations being made against them. I think Izmirlian holds plenty cards;
1. Detailed knowledge garnered over the fifteen years he has spent developing his project, all of the relationships he has made with all of the staff and contractors who have helped the project (almost) reach fruition.
2. He is still the custodian of his dream and is absolutely needed to make his dream come to fruition.
3. He has the goodwill of most honest, good-hearted, thinking Bahamians.
4. He wisely has litigation underway in the USA and UK where we believe he will be treated fairly.
5. He knows where all of the skeletons are buried, who got what and why. Waiting to see if he plays THIS card!!
6. He is still in possession of the property and the project and will block any attempt to dislodge him through whatever means necessary. He will stay in possession for a long time with appeals and other legal strategies.
7. He has Righteousness on his side; CCA failed to deliver a completed project; they are obviously in the wrong.
8. The World is watching! Izmirlian is being seen as a victim by the International press. It is widely believed that The Bahamas government has conspired with, or was considering conspiring with, CCA and CEXIM to "take-over" the project. I really don't think that they now consider this to be a prudent move.
9. Izmirlian is rich, powerfully connected, has plenty guts and has shown that he refuses to be bullied.
10. Time is of critical importance; I hope and pray that CEXIM accepts his offer, which is the ONLY quick way to get Baha Mar back on track.
That's plenty cards! which could prove to be a winning hand. Then you will see Bahamians complete the project, $300 million flowing into the local economy and a completed and magnificent Baha Mar as a source of tremendous national pride.
Even The Bahamas government could save some face!!
On Baha Mar wants contractor out
Posted 27 July 2015, 6:56 p.m. Suggest removal
Wideawake says...
Once chapter 11 bankruptcy protection was filed, surely we knew that Sarkis wanted to get rid of CCA. What a great opportunity that would be for the Bahamian construction industry to show the world what they are capable of. $300 million dollars spent locally would certainly get our local economy back on track. Great opportunity for happy ending, protecting Sarkis who deserves to be protected and give the Bahamas government an opportunity to do something for the Bahamian people.
On Baha Mar wants contractor out
Posted 27 July 2015, 6:11 p.m. Suggest removal
Wideawake says...
Zags, The Bahamas has always been a Third World country; we can never quite make it to the First World!,
On Chapter 11 bid refused: Baha Mar application denied, Govt ‘vindicated’ by ruling
Posted 22 July 2015, 9:20 p.m. Suggest removal
Wideawake says...
Too much too soon, except as a means to win a few thousand votes in 2017
On Chapter 11 bid refused: Baha Mar application denied, Govt ‘vindicated’ by ruling
Posted 22 July 2015, 8:58 p.m. Suggest removal
Wideawake says...
Always has been a Third World country; never could seem to graduate,
On Chapter 11 bid refused: Baha Mar application denied, Govt ‘vindicated’ by ruling
Posted 22 July 2015, 8:54 p.m. Suggest removal
Wideawake says...
Zags, The Bahamas never quite made it out of the so-called Third World.
On Chapter 11 bid refused: Baha Mar application denied, Govt ‘vindicated’ by ruling
Posted 22 July 2015, 8:49 p.m. Suggest removal