EDITOR, The Tribune.
GRAND Bahamians weren’t surprised to learn from Lucayan Renewal Holdings Limited that the Electra America Hospitality Ltd deal to purchase the Grand Lucayan Resort had fallen through. After repeated delays to get this deal done, it became apparent that nothing would materialise.
Ironically, the news of this latest development would come in the same week of the landing of Tropical Storm Nicole -- an eerie reminder of Hurricanes Frances, Jeanne, Matthew and Dorian. Not to be a Debbie Downer, but it is becoming increasingly obvious that Freeport is snakebitten. An Atlantis Paradise Island type of deal for Freeport is a pipe dream. Deals like this are for New Providence; not Grand Bahama.
For Grand Bahamians, the Electra America Hospitality and the Royal Caribbean investments were simply not meant to be. Tourism Minister Chester Cooper cannot be faulted for trying. I suspect that the principals of Electra America Hospitality were reluctant in investing capital on an island that is snakebitten. Hence, the continued delays.
KEVIN EVANS
Freeport,
Grand Bahama.
November 9, 2022.
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