Front runner offered 110 million eight months ago. Owners were willing to offer 60 million in vendor financing.
Hotel has deteriorated 8 months now.
Talks on plan for all players in the area its like a penninsular to spend 350 million into a destination experience.
Potential buyers wanted huge subsidies that essentially the govt would have been paying mortgage.
The govt cannot eat its cake and still have it.
This is something like blaming the other govt for its running the hotels under the Hotel Corp whivh was supposedly shut down some time ago but yet still feels it can own and run this one for a profit or to flip it.
Owners offering 60 million and given their ecperience and would not do the whole percentage financing should leave the figure between 60 and 110 and the terms on the 60 plus the 350 million plans to improve.And the govt and other parties to contribute forward. BISX rates versus opportunity of attracting Americans with less tax??? Time share, condominize units....Arbitration centre.....capita
Ize on the Freeport shipping hub....reexport.?..

Given that some 25,000 plus work permit documents must exist and that they are yearly renewable and that these Renewef Documents must be presented annually to the bank and that the bank must ensure that these accounts must otherwise be unlawful, it would be amazing that this is done in each case.

Some 8 banks would be lawfully required to ensure 3125 work permit holders go monthly to each bank to show that their work permit is valid and that the source od finds is likely lawful is questionable. What about work permit holders whoe contracts hsve not been renewed??? Do they still operate bank accounts???
Question must be asked as to whether 25,000 bank accounts by work permit holders are lawfully being operated???? WHAT if they are no longer in the country but anyone can make deposots to their accounts and persons using the atm card make withdrawals, What if they give a letter fpr someone else to use the account??? Etcetc
Always wondered when a work permit holder does not have the work permit renewed where do they go?....

Why not sell the hotel to Bahamian businessmen of which there are many or put shares on the market.
This has been done before like Arawak Port, Bridge bonds...
Bahamian investors including NiB are seeking to get better returns and want to invest overseas but should be given the opportunity to own hotels.
Govt ownership nomatter which govt has proven to be dismal failures loke Bank of the Bahamas where hundreds of millions have been sucked in without anyone charged fpr any wrongdoing.
Give Bahamians a try where they csn do better than a fraction of a decimal point on fixed deposit plus 16 dollats tp cash a cheque.

As for the many that cannot open bank accounts it is because they do not meet the legal requirements to do so.
The Commonwealth of the Bahamas follows international rules and subscribes to the highest international standards as to who can legitimately open and operte bank accounts to protect money stability of our currency in light of our dollar parity with our use of US currency used by tourists. Etcetcetc
We must protect against money laundering of drug funds which is frequently interdicted. Proceeds of crime, illegal workers, illehal business. We have a duty of care and protection to all law abiding, buisiess licemced tax paying businesses and not to allow the acceptance of non compliant businesses from illegal and unfair competition who may launder their illegal business proceeds from illegal shops operating in the shanty towns, we have to regect funds which may be the proceeds og illegal smuggling quite common from illegal human smugglers....and further by law report these attempts......the list goes on to comply with by all lawabiding Bahamians.bankers etc who must follow the law or go to jail.
We must not imperil our financial systen built upon the backs and sweat and sacrifices for decades of many Bahamians too create a lawabing system.
And now circumvent our rulrs anl laws for those who do not qualify to open a bank account.
Bring the internationally lawful and or locally lawful papers and Follow the law,
We are under internnationally scrutiny every second into the future and every Haitian who proposes to circumvrnt or change our existing banking regulations to commit fraud should be hauled off to be investigated and deported or jailed for trying to create financial instability and jeapordise what has served our Bahamian survival so well.
If you dont the lawdul Bahamian papers then you simply are not meant to have a bank account.

Sorry I am being facetious.
I am fed up tired and disgusted at the amounts of crime curruption.
I have been a victim of crime on a number of occasions and I am fed up at the nimber of excuses that are made to protect the wrongdoers.
It is wrong of me to paint all the religeous leaders with the same brush when I say some low life religeous leader for which I truly apoligise.
Really I am tired and fed up at what is going on in our beloved Bahamsland.

WHAT !!!

Impossible. Cannot snd will not happen to hav our lil darlings, our countrys future leaders, our Christiian children who go to church every Monday and twice on a Sunday, etc

What for goodness sakes what will some low life religeous leader going to do and not have the chance to go and suk up to some police on letting them go, the MP also will not be able to go round to ths suppprters and try and get their loving sweet child off.

Branville MacCartney pointed all the persons who go and impose themselves to get these persons off. He actually called a spade a spade. He even came up with the unthinkable point to hang murderers in Rawson Square.

Putting these criminals on some Cay will cause such a ruckus and the every human rights activists will show up. Not these sweet lil darlings and murderers who can be involved with 47 murders again....what.?....they can be reformed....they are entitled to another chance...while we pay millions to incarcerate them?.

Actually it was one of the founding Fathers of the FNM , Dir Wallace Whitgield who in 1067 created a massive education system building lots of schools to educate Bahamian children and anyone who showed up got an education. Fast forward to 2016 where Sir Wallace Whitfield wife Beverly in her 80s eas brutally beaten up and robbed. We have Cat o nine flogging and hanging as law but none of the 40 MP legislators seem to want to make it work.

Back then these guys were major thinkers not petty shop operators big thoughts like the university of the Americas, polytechnis School in Palmdale etc. Over the years these did not come to fruition as some say the nahionalist fever wanted things to be fully Bahamian..

All things must be taken according to present condiions.
Present educators are going above and beyond. However for decades when the authorities have seen that the grades are low , teachers are leaving, foreign teachers with excellent level of training and education cannot raise the grade levels should have warrented immediate surgegy

National education has a direct impact on the economy in creating qualified employees..

Actually on the point that all the men and women were once cute babies as the Mad hatter says is not entirely true. Some babies are ugly but mot to hurt the feelings of those concerned we tend to be nice and say they are cute.

The focus on efucation seems to be the big show about fixing up the schools, crooked contractors and the buildongs by the politicians...both sides. thry need to grow up and realize it is not the school buiildings that need fixing ...its the system, students, parents, illegals, low paid teachers etcetcetc

Really silly that the people can see teachers leaving, shortage of teachers, overcrowded classrooms, etc. Any employer in the private sector will have ulcers seeing their employees leaving, customers fighting, not having enough office supplies and having to have full time plice presemce to frish theor customers etc.

Not only the building need fixing.. Actually many Bahamians have been education under the tree and a google search will show their names and successes. Many Bahamians actually had no further education past the age of 14 years old.

The system is educating two nations childrens. Two values actually many kids are without parents anf for years the govt has deported parents and children are left behind, The system will actually do a darn good job at going over and above to make many do better but at the sacrifice of others. It can be a 1000% imprpvemtent for some students to come from a minus situation and get a D grade.

Bizzare for decades this j
Has been going on.The aithorities need to see past the school buildongs and a coordinated effort involving social services, homeland security, immigration, education etc When thrre is the violence and the taxpayer is funding a govt school system where the per student education cost is more than private school..

$300,000,000, three hundred million on the Education budget to educate 60,000 students works out to be some $1,666. Per student per term.

We are not getting value for money especially when compared to the Private School system.

An overhaul of the sustem along with the other government agencies is needed..

There are existing laws a d ethical standards for govt officials to follow.
It would be trajic if there wasnt laws up to this point to address curruption.

Admirable that PM Minnis govt is cracking down but the punish,ents are too weak. Politicians themselves who follow the news know that persons who are pore black people tiefing a few cans of food sardine, corn beef gets a few years in jail. Such unequal justice is glaring.