Statement from the Prime Minister: Baha Mar Resort

 

I note the statement that has been given today by Mr. Sarkis Izmirlian that he and the Baha Mar group remain committed to the pursuit of an early and definitive settlement of their outstanding differences with the lender and general contractor to the Baha Mar resort. The Government continues to be available to all the parties to assist in the mediation and resolution of their differences. In doing so, however, the Government will not be taking anyone’s side. Instead, the Government will at all times continue to optimize its value as a mediator between the parties so as to ensure that the interests of Bahamian workers and indeed the interests of the nation as a whole are accorded primacy at all times.

 

The Government has taken note of certain legal initiatives that have been taken by Baha Mar in the courts of the United States to secure creditor protection. The Attorney-General is presently reviewing these initiatives and their implications in conjunction with the Government’s US and UK attorneys. Until this review has been completed it would obviously not be appropriate to make any further comment on this aspect of the matter.

 

The Government remains hopeful that with the continued exertion of good faith efforts by all concerned, the Baha Mar Resort will not only open soon but will fulfill its promise as an important new dimension in Bahamian and regional tourism and one that will represent a major contributor to Bahamian employment.

You may also be interested in reading...

Bahamians Partnering in New Andros Marina Village

April 20, 2017

Prime Minister and Minister of Finance the Rt. Hon. Perry Christie congratulated his friend of many years, Mr. Prescott Smith and his business partner Ms. Geneva Wilson on the groundbreaking

READ MORE

Minister Gray Supports Youth Sailing with Sir Durward Knowles National Junior Sailing Regatta

April 19, 2017

Over 100 young sailors will be participating in this year’s annual Sir Durward Knowles National Junior Sailing Regatta, from Andros, Abaco, Grand Bahama, Exuma, Long Island, Eleuthera and New Providence,

READ MORE

Urban Renewal Celebrates Completion of 20 Uplifting Services Throughout New Providence

April 19, 2017

A spirit of hope prevailed as Mother Rachael Mackey bellowed the words of the song “The Lord Will Make a Way Somehow” as Urban Renewal Commission 2.0 moved its Community

READ MORE

Support Stronger Bahamas on your website!

GET our SNIPPET

Thank you

for supporting

Stronger Bahamas.

To add our Stronger Bahamas banner to your website, please have your site's administrator copy the code snippet below and paste it into the appropriate area of your site.

Share your voice!