Let me tell you the end of the story: some monies will flow, someone gets rich, the hotel will be demolished and an ugly place left behind...

You remember my words in about 2 years.

One question might be allowed: if they can't make money on 1100 (or so) hotel rooms, how will they make money on only 400 rooms (and after spending 800M)... maybe the problem is related to bad infrastructure and lack of airport/connections... eh?

Asking for a friend...

Better ask this question: where is the debris going into? Let me guess: it will end somewhere in the forests or dumped into the sea...

the problem is: de facto 80% of Bahamians are unemployed (depending on govt money, depending on money coming from abroad etc)

these govt assessments at time of sales are arbitrary... wouldn't they take some extra cash if told to assess is twice as high...

Still no single firefighter airplane in the Bahamas, eh?

exactly. Government controlled prices are usually found only in sh**** countries.

first of all, who determines the property value?

it is meant as 20% of property value DAILY.

Yeah... and lousy service, broken roads, power is off every second day, supply situation in the supermarkets volatile, and so on...

Even such basic things like no ATM dispensing USD (that Scotia one in the improvised terminal was removed again after only 6 months of operation... forget it.)