Maximilianotto

2 Vote

Bonefishpete 3 years, 1 month ago on Parts of New Providence hit by power outage

Parts of New Providence hit by power outage

"four engines at Station A Clifton Pier went offline due to a fuel pump failure,”

So One fuel pump supplies Four engines? I guess Redundancy only applies to employees contracts?

1 Vote

tribanon 3 years ago on BPL board appointed by FNM govt 'obtained one-year extension'

BPL board appointed by FNM govt 'obtained one-year extension'

Is Sears dog whistling for his union friends to start sabotaging BPL's power generating capability with widespread blackouts to follow?

There are many who believe Sears will leave the ministry of works and utilities in a much worse off state than he has found them, much like he did when he was minister of education and attorney-general under a previous Christie led PLP administration.

1 Vote

Maximilianotto 2 years, 11 months ago on Concerns mount over Treasure Cay future

Concerns mount over Treasure Cay future

This comment was removed by the site staff for violation of the usage agreement.

2 Vote

Maximilianotto 2 years, 11 months ago on Concerns mount over Treasure Cay future

Concerns mount over Treasure Cay future

This is unqualified. Facts please. Craig Roberts is marijuana grower and seller, that’s public knowledge. His sources of money are drug related. Back to Pindling times?

1 Vote

familyoffice 2 years, 11 months ago on Concerns mount over Treasure Cay future

Concerns mount over Treasure Cay future

May we release the following facts regarding your article's incorrect "landbanking" comments. We have better things to do than landbanking in The Bahamas.

  1. South Ocean Canadian Commercial Workers Pension Plan property

Following acceptance of all conditions set by the vendor's lawyer, Dr. Kovats delivered the signed purchase agreement to the vendor's lawyer in 2014, the vendor CCWPP never countersigned and returned. A $2,0 bn. development has been predesigned and submitted to the then Prime Minister Perry Christie and Town Planning, including hotel development. No answers, no comments, no decisions. The renewed project has been submitted in December, 2021

  1. Love Beach

Dr.Kovats financed the first building to the previous owner who did not complete the building. In 2014-2015 Dr. Kovats foreclosed the property, acquired adjacent parcels, and received all approvals by September, 2021 only. The building plans will be executed by first half of 2022, and, again, depending on approvals time schedule, construction of the residential project is slated to begin in 2022 immediately after having received building approvals.

  1. Treasure Cay

Dr. Kovats signed the sales and purchase agreement with the vendors beginning of 2021, in the midst of the COVID Pandemic. Following the complex due diligence, which is close to being completed now, closing is expected by beginning of 2022.

BIA asked for a development plan last week, which has been submitted within 2 working days, including significant investment. It took 8 unanswered emails to BIA starting August, 2021, to receive this request.

Following meeting with the DPM Chester Cooper confirming "removal of red tape and the most investor friendly government" we are confident of the "New Day" improvments.

I have written support and information letters about Treasure Cay to authorities interested in supporting The Bahamas in these challenging times, moreover expecting a very challenging 2022 ahead due to the recent Omikron spike.

All hands on deck are needed to support investment in The Bahamas, there is no time for "White Crab, Black Crab" games!

Dr. Wolfgang Groeger Kovats Family Office Vienna Austria

1 Vote

Maximilianotto 2 years, 11 months ago on Concerns mount over Treasure Cay future

Concerns mount over Treasure Cay future

This man is serious. Is able to explain his interests which would help the economy in 2022 Omikron year. Lockdown, no flights, no crews. Devastating comments about BIA. The New Day yet has to be proven. Better sit small, roll out the red carpet and be grateful a billionaire family office is ready to invest here. All others are just havenots and storytellers. Hopefully this embarrassing experience, precisely documented,doesn’t find its way into the Wall Street Journal read by all Bahamian lenders in the year 2022 when $2 bn debt become due. Another 9% refinance interest as proven by the previous government would be fatal, $600 or $700 m annual interest expenses of the Bahamas translate into $1 bn annual budget deficit. What this would mean doesn’t need to be explained.

1 Vote

Maximilianotto 2 years, 11 months ago on Concerns mount over Treasure Cay future

Concerns mount over Treasure Cay future

Note - which are the „institutions“ having been contacted with „support letters“ by the Family Office? Definitely not Rotary, neither Salvation Army nor Red Cross. Would be interesting to get the letters. Superficial journalism seems to get a big ball rolling.

1 Vote
1 Vote

SP 2 years, 11 months ago on COVID’S A REAL GRINCH: New testing rules for travellers and size of gatherings, Free medical masks and field hospitals plan as case total soars to 140

COVID’S A REAL GRINCH: New testing rules for travellers and size of gatherings, Free medical masks and field hospitals plan as case total soars to 140

The last three months of slackness are going to be mutually costly going forward!

Anybody paying any attention at all would have seen this coming! What are the odds of this wave being intensional to open the flood gates of emergency funds to play with, or just the usual stupidity?