GrassRoot 9 years ago on Baha Mar becoming ‘huge white dinosaur’
Baha Mar becoming ‘huge white dinosaur’
would be funny if an Izmirlian led consortium would buy the thing back for cents on the dollar.
islandlad 9 years ago on Baha Mar becoming ‘huge white dinosaur’
Baha Mar becoming ‘huge white dinosaur’
I want to briefly comment on the IDB conference. This is a worldwide high profile group, will this bubble gum and band aid approach to pulling this off really put the Bahamas in the best light? This event was literally pushed through by the Gov't and promised/quoted an RFP and accepted without support of the Hospitality community. Baha Mar and Atlantis etc, were basically told after the fact and no contracts signed with the hotels, then it became a "Take one for the Team" and do the Gov't a favor to save face......strictly from a hoteliers point a view, this was not a good piece of business and hotels would have turned it down if the opportunity had come straight to them. The Gov't should have come clean the second bankruptcy was declared, or at least after the liquidation was official and cancel the conference in the Bahamas and give them time to find another location.
That being said, Baha Mar doesn't exist and China Exim bank doesn’t own the Melia. Last I checked, the Bank isn't an operator, who is going to "Work" the event? Is the Bank going to sub-contract out to other Hospitality vendors to run the event....Oye Vey.....and what Vendor Contractor in their right mind would take this work knowing the history of not getting paid?
Honestman 9 years ago on Baha Mar becoming ‘huge white dinosaur’
Baha Mar becoming ‘huge white dinosaur’
"This scenario does not make for the quick construction completion and opening desired by Mr Christie and his Government, and the window for doing so prior to a likely May 2017 general election is closing rapidly."
The "Beijing Palace" will not open in time to save Christie and the PLP. The government has screwed up royally here and is paying the price for its duplicity. Unfortunately, hard working Bahamians will also pay the price.
We are also going to suffer as, in a desperate attempt to save face, the PLP forces through an unworkable NHI scheme destroying a perfectly good Private Health Insurance Industry in the process. Civil Servants are now finally coming to realize that they are going to have to suffer a greatly reduced health care service once this scheme is implemented.
Thankfully, the PLP only has another 17 months left to abuse its power. Sadly, there "won't be much left on the carcass" once the vultures have had their way.
Tarzan 9 years ago on Baha Mar becoming ‘huge white dinosaur’
Baha Mar becoming ‘huge white dinosaur’
All as easily predicted. Chapter 11 in U.S. court was only hope for this project. Liquidation was predictable disaster and time has run out. Assets, both physical and intangible, are rapidly degrading. In six months it will be a teardown. All for what? Perhaps to hide from public dealings between powerful persons in the Bahamas and the Chinese contractor and bank which U.S. Courts would have exposed? What other reason could there be? This liquidation strategy was doomed from the outset. All the promises made to find a new investor and to have the property open and running soon are risible.
tonymontana 9 years ago on Baha Mar becoming ‘huge white dinosaur’
Baha Mar becoming ‘huge white dinosaur’
things tend to turn white , when dead , so thus the white dinosaur .