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TWO NEW MAJOR INVESTMENTS (BILLION DOLLAR INVESTMENT BOOM) GOVERNMENT SIGNS $55 M LOAN AGREEMENT FOR NORTH ELEUTHERA AIRPORT
 
BAHAMAS INVESTMENT FORUM IN WASHINGTON, DC --  Photographed above are some the participants of the first Bahamas Business and Investment Forum in Washington, DC organized by The Embassy of The Bahamas. From left to right are Senator Barry Griffin; Central Bank Governor John Rolle; Senator Quinton Lightbourn; Senator Michael Halkitis, Minister of Economic Affairs; Barbara Feinstein, U.S. Deputy Assistant Secretary of State; The  Bahamas Ambassador to the United States His Excellency Wendall Jones; The Hon. I. Chester Cooper, Deputy Prime Minister and Minister of Tourism and Investments; Ambassador Chet Neymour; Consul General Washington Patrick Adderley; Consul General New York Leroy Major; and Michael Fountain, Honorary Consul Chicago.

TWO NEW MAJOR INVESTMENTS (BILLION DOLLAR INVESTMENT BOOM)

The Deputy Minister and Minister of Tourism, Investments and Aviation, I. Chester Cooper has announced that the government will execute heads of agreements this month for more than $1billion of new investments in major touristic developments. It is understood that these projects are slated for Paradise Island and Cable Beach. Mr. Cooper made the announcement […]

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GOVERNMENT SIGNS $55 M LOAN AGREEMENT FOR NORTH ELEUTHERA AIRPORT

Shenia RobertsJournal Staff Writer Prime Minister Philip Davis and Deputy Prime Minister and Minister of Tourism and AviationChester Cooper visited the island of Eleuthera on Monday to sign a $55 million dollar loanagreement with the Saudi Fund for Development to facilitate updates to North Eleuthera’s airportterminal.The updates to North Eleuthera International Airport have been long […]

Davis Tells Gov’t, “Come Clean”

21 September 2018

For the Opposition, the Grand Lucayan deal is not all the government purports it to be.  Progressive Liberal Party leader  Philip Davis blasted the acquisition in the House of Assembly  as desperate, ill-advised and an inadequate band-aid approach to address the state of Grand Bahama’s economy. “In our view, it is another bad deal like […]

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PM: “We’re doing the right thing.”

21 September 2018

Prime Minister, Dr. Hubert Minnis said  yesterday that  his government is “doing the right thing” with the acquisition of the Grand Lucayan Resort. In a detailed report in the House of  Assembly, he went to great lengths outlining   why talks with the Wynn Group collapsed and why his government instead opted to get into […]

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No Talks Between Gov’t And Gaming Operators

19 September 2018

The  legal  Counsel  for  TIG Investments,  Wayne Munroe QC,  said he has had no formal meetings with the government regarding the stamp tax and operator’s tax to be imposed on gaming houses since the  court hearing. TIG Investments represents Island Games, Paradise Games and Asure Win. According to Mr. Munroe,  their issue is that the […]

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Police Investigate Shooting Incident

19 September 2018

New Providence Police are investigating a shooting incident which left a man with injuries. According to reports, shortly before 9:00am yesterday, a man was standing outside his home on Bowe Alley off Finlayson Street, when he got into a verbal altercation with another man. The man then shot him with a firearm before running away.  […]

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Nygard’s 50th Anniversary Extravaganza  

19 September 2018

The Clifton Review    The Clifton Review is a tri-weekly column that examines the question of the Clifton project along with the evolution of the war between two billionaires. We covered the start of this war with articles describing the battle over easement rights, the mysterious burning of a home, the blocks to rebuilding, and countless questionable court […]

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DAVIS DEMANDS DOCUMENTS

19 September 2018

In preparation for  a debate on the purchase of the Grand Lucayan Hotel in Freeport Grand Bahama,  the leader of the official Opposition, Philip Davis  has demanded  a series of documents from the government. In a letter to Prime Minister Doctor Hubert Minnis,   Mr. Davis requested the information on the acquisition of the resort […]

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PM To Release Details On Purchase

19 September 2018

All details concerning the purchase of The Grand Lucayan will be laid on the table, as promised by Prime Minister Dr. Hubert Minnis, as the House resumes today. The purchase of The Grand Lucayan has been pegged at $65 million, but just recently it was revealed that the government has to pay another $1million to […]

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PM’s Immigration Comments Called “Idle Boast”


19 September 2018

The Chairman of the Progressive Liberal Party, Senator Fred Mitchell says “Prime Minister Dr. Hubert Minnis  can be accused of being a political hypocrite if he does not act on his posturing on Immigration matters as reported in the press  yesterday. “We expect the Prime Minister on Immigration to put his money where his mouth […]

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PLP Appeals To The Public

19 September 2018

Progressive Liberal Party Chairman Fred Mitchell made and appeal to the public to  pay close attention to the PLP’s contribution in The House  of Assembly today. The debate will be whether the house gives the government the authority to burrow  $35  million to help pay  for the $65 million purchase of the Grand Lucayan  Resort […]

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Minister Renews Commitment to Marine Environment

19 September 2018

Minister of Environment Remauld Ferreria said the only way to ensure sustainability and  the sustainable development of the country’s national resource is to base it on science and not just economic benefit. Mr. Ferreria said that The Bahamas has been committed   to the protection of its marine environment. He added that there are some […]

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