Categorized | National News

Mitchell says Baha Mar requires patience

Foreign Affairs Minister Fred Mitchell said comments made by former Prime Minister Hubert Ingraham in connection with the Baha Mar development affects the international reputation of the government.

The response comes after Mr. Ingraham told the public that the Christie administration was dead wrong for forcing Baha Mar into provisional liquidation.

Mr. Mitchell said his concern is that an impression is being created that The Bahamas government did something with regard to Baha Mar which is untoward and untrue.

“If people remember the history of this matter, it was the developer who came to the Bahamas government and asked the Bahamas government through its prime minister the right honorable Perry Christie to intervene to assist with finding money to finish the development when that developer ran out of money,” he said.

Mr. Mitchell says no matter what some may think the fact that developers changed their mind without informing the prime minister and filling for bankruptcy in the Delaware Court was a breach of good faith.

“The fact is the asset (Baha Mar) is a Bahamian asset and even the courts in Delaware agreed that there was nothing that touched and concerned the United States in regard to that asset,” Mr. Mitchell stated.

“So therefore the proper form for any dispute was The Bahamas and that is all The Bahamas government did for and on the behalf of the Bahaman public there is nothing untoward about it.”

The minister also noted that it was also wrong for a comparison to be made to what happened to Resorts International Atlantis.

Resorts International Atlantis was part of a much larger bankruptcy.

Mr. Mitchell says the matter is taking some time to get resolved as it is a large investment and one that requires patience.

“The former prime minister (Mr. Ingraham) should not create that clutter in the atmosphere, he knows better,” he said.

“The fact is that as slow as this may seem we are simply acting in the best interest of the Bahamian public and that’s all this is open and shut.”

 

Written by Jones Bahamas

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