1 Vote
1 Vote
alfalfa 7 years, 11 months ago on Proposal is submitted by Baha Mar buyer
Proposal is submitted by Baha Mar buyer
Norman, your points are well taken; however do not lose sight of the fact that it was Sarkis who brought the Chinese into the picture, and into this project, as he could not obtain financing elsewhere. I too, do not support criminal elements coming into the country, and the sad fact is that it appears that there are no other buyers, in spite of what the government says. The owners will do what they have to do, or this building will stay as it is.
alfalfa 7 years, 11 months ago on Proposal is submitted by Baha Mar buyer
Proposal is submitted by Baha Mar buyer
Maybe we will vote the PLP out, but it will be for a multitude of reasons. Sarkis was handed Cable Beach, which included the roads and a large portion on the land adjoining Skyline Drive, for PEANUTS. This debacle was approved first by Christie, and then fine tuned by Ingraham, and now is into round two with Christie. Sarkis is not, nor never was, a hotelier, and was given this gift by the governments during the recession. He did not even come up with the purchase price which, if my memory serves me correctly, was around 170 million, but obtained financing from Scotia Bank with the assistance of the government. After much finagling, he set up a deal with the State Bank of China, and the Chinese Construction Company to finance the whole project, and when time came to provide the land as security, he was unable to satisfy the Scotia Bank Advance. He was being coached by the master of flim flam and avoidance of paying Government bills, and was able to convince Scotia, with the help of the then PM to accept shares in his project as repayment for their loan. He got all of this property without putting up a penny. The State Bank of China are the legal owners of this property, as they advanced the funds to bring the development to the point where it is. If the Chinese or anyone else can come up with a proposal and the funds to purchase and complete this project, then Thank God. This Sarkis led fiasco has been an international disaster for our country for years, under the stewardship of this man Sarkis, and his protege, Sandy. Good riddance to him. Now if you want to vote the PLP out, as I do, do so on the basis of things that they did not do, and matters that are completely under their control.