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Grand Lucayan PM, GBIA Deal: You Can Walk And Chew Gum

Responding to doubts by opposition parties and some citizens that the government cannot complete the sale of the Grand Lucayan Resort until the government implements a public-private partnership for the redevelopment and management of the Grand Bahamas International Airport (GBIA). Prime Minister Philip Davis has dismissed claims that both deals cannot be brokered at the same time.

Last month, opposition leader Michael Pintard said the government’s announcement of the sale of the Grand Lucayan Resort and subsequent restructuring of GBIA was little more than hype and showmanship.

His comments come after Lucayan Renewal Holdings Limited revealed that the due diligence period before completing its $100 million sale to Electra America Hospitality Group has been extended by another 45 days.

“We can walk and chew gum. While negotiations are underway to sell Grand Lucayan, at the same time we are working diligently to include the airport, the gateway to Grand Bahama, into the mix.” We are not just putting the airport aside to get it done, we are working together,” the prime minister told reporters yesterday.

“On the flip side, you’ve probably heard me talk about the fact that for Grand Bahama to move forward, we need a holistic approach. We cannot sell the Lucayan Hotel, what we need is a properly constructed airport with the right amenities to attract air traffic.”

Last week, the board of directors of Lucayan Renewal Holdings Limited confirmed that the sale is progressing well and is on track to be completed, so the renovation will begin sometime in January 2023, as originally announced. said.

Yesterday, the Prime Minister also responded to recent comments recently made by one of the founders of the Free National Movement (FNM). He told Eyewitness News this week that it’s time for the government to take back control of Freeport from the Bahamas Port Authority. (GBPA).

Maurice Moore was speaking about recently reported challenges between the GBPA and the Del Zott family. The Del Zotto family announced last month that all three of his companies on the island will be shut down, leaving more than 100 Grand Bahamians out of work.

“Since 1955, the Freeport structure has been in private hands, so the government has never really controlled it. We feel that the promise of Grand Bahama has not yet been fulfilled, and we are discussing how we can build a pathway to fulfilling the promise of Grand Bahama and Freeport in particular.

“We are currently engaging in conversations to see how we can build that path. I will do my best to ensure that the path to do so is established.”

Mr. Davis tried to intervene in the breakdown between the port authorities and the Delzotte family, the island’s main employers.

Both parties are sticking to their respective positions.

https://thenassauguardian.com/pm-on-grand-lucayan-gbia-deals-we-can-walk-and-chew-gum/ Grand Lucayan PM, GBIA Deal: You Can Walk And Chew Gum

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