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Bahamas PM says Baha Mar resolution close
Published on January 23, 2016 Email To Friend    Print Version

Prime Minister Perry Christie

By Travis Cartwright-Carroll
Nassau Guardian Staff Reporter

NASSAU, Bahamas -- Prime Minister Perry Christie said on Thursday his government is very close to reaching a resolution on the stalled Baha Mar megaresort project in The Bahamas.

“I’ve put on a firm understanding that we must solve this matter soon,” Christie said.

“Unlike my detractors, I believe that I am very close, very close in this.

“Like I say, I can only rely on some of you not to believe I’m stupid, to understand that we are very close.

“People will see it and will judge for themselves.”

Construction on Baha Mar stalled last year after disputes arose between the developer and its contractor, China Construction America.

“People speak of my optimism and I don't apologize for that,” Christie said.

“In our country, a lot of the decisions are made on confidence, who people are talking to.

“There is no circumstance under which the Bahamas government led by me will find acceptable undue delay of recommencing construction out here towards completion.

“Some of the world’s leading companies have applied, some here that would surprise people.

“Sir Sol Kerzner has come back with an equity fund to be involved. Mohegan Sun (an American casino and resort) has come to be involved.”

Christie has for months expressed optimism that there will soon be resolution to the Baha Mar crisis.

Last December, he spoke of his “expectation and fervent hope” that the resort’s conference centre will be open by March 2016.

Opposition leader Dr Hubert Minnis recently accused Christie of selling “false hope” on Baha Mar.

“Prime Minister Christie should stop shuffling with empty optimism on the Baha Mar matter and offer greater substance and sensitivity,” Minnis said.

Baha Mar filed for Chapter 11 bankruptcy in the US District of Delaware on June 29, 2015.

The case fell apart after a Bahamian judge failed to recognize the proceedings locally.

All of Baha Mar’s bankruptcy matters have been dismissed in Delaware.

The company laid off 2,000 employees in October 2015.

Baha Mar is currently in receivership.

The hearing to consider the winding up petition of Baha Mar is scheduled for February 1.

Republished with permission of the Nassau Guardian
Reads: 8596

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