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TUESDAY, FEBRUARY 15, 2022
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Freeport marina deal’s plans for 200-unit hotel • Port Lucaya Marina ‘under contract’ • US buyer ‘a serious, serious player’ • City poised ‘to return to life in 2022’
Architects: What about our role in Dorian rebuild?
By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net A WELL-KNOWN Freeport marina is “under contract” to be sold as part of a deal involving construction of a new 200-unit condo hotel, Tribune Business confirmed yesterday. James Sarles, principal of James Sarles Realty, said the Port Lucaya Marina’s pending acquisition by a Florida-based investor was one of several investments that could “return Freeport to life in 2022”.
He told this newspaper that the marina deal, together with projects such as Doctors Hospital’s planned Grand Bahama expansion, the Western Atlantic University Medical School and the O2 Resort development (see other article on Page 1B), had left Freeport “at the precipice for the first time” when it came to significant economic growth. With this activity somewhat contradicting recent comments by the Prime Minister suggesting that investor interest in Grand Bahama was “waning”, Mr Sarles suggested Philip Davis QC may
have been seeking to “light a fire to get everything moving”. The realtor, who represented Port Lucaya Marina’s purchaser in the deal, said: “Officially, it’s under contract. There’s still some work to be done, and things to do with the Port Authority, but it’s a great opportunity for Grand Bahama because it’s someone in the marine business and will transform the whole Port Lucaya area. “It’s going to have yachts, and it’s going to bring jobs and activity here. It’s a serious, serious player. It’s real. It’s very exciting. I can confirm it’s under contract,
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BTC to be ‘attacker’ in market share fight • Aims to complete fibre roll-out by end-2023 • ‘Tremendous pressure’ to find key skillsets • Eyeing 5G network trials working with Gov’t
By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net THE Government was yesterday urged to engage qualified architects and urban planners from the private sector to improve the resilience and pace of post-Dorian reconstruction. Gustavus Ferguson, the Institute of Bahamian Architects (IBA) president, told Tribune Business that the profession’s skills appeared to have been virtually ignored in the rebuilding effort as he was unaware of any urban planners or architects being involved with the Disaster Reconstruction Authority (DRA). This was despite 25 IBA members possessing international certifications relating to post-disaster assessment, recovery and related procedures, and he lamented their lack of involvement as “a missed opportunity” for The Bahamas to build Abaco and Grand Bahama back better following the Category Five storm’s September 2019 devastation. Asserting that neither he nor the Institute wished to be “caught up in the political fray” currently ensnaring the DRA, Mr Ferguson said: “From inception we were asking that urban planners and architects should be involved in that Authority. “I’m not aware of any actively working on it. From our standpoint, for that Authority to be effective and to the advantage of the country, definitely urban planners and architects should be involved. They are in the midst of trying to repair and rebuild the built environment, and that’s where our expertise comes in..... “There’s a lot of migration that happens after these disasters and if, as a country, we’d like those persons to return to the island of their birth and or place they’ve called home for many years, there has
but I cannot release the name. It’s someone who has the funds and the vision to truly transform the Port Lucaya Marina and adjacent properties. “I’m here looking at the Port Lucaya Marina now. It’s sad, it’s empty. We need the hotel (Grand Lucayan), marina and Marketplace working together. I think this is a start; a catalyst of good things to come. I know they’re [the buyer] very strong in the yacht business. That’s what’s exciting. It’s someone who brings
By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
O2 RESORT & MARINA SITE PLANS
$20m project aims to ‘bring life back’ to GB By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net A $20m resort community is aiming “to bring life back” to Grand Bahama following the devastation inflicted by Hurricane Dorian and COVID-19 as it prepares to break ground this week. Doug Galorneau, project manager for the O2 Resort & Marina, yesterday told Tribune Business the development will play its part in reviving Freeport and the wider island following the reversals of the past two-and-half years by attracting wealthy investors who will spend their money in the local community. The 25-lot project, situated in the Bell Channel area overlooking Port Lucaya and its marketplace, has already sold two sites according to the project’s
website, and Mr Galorneau confirmed that another “couple of deals are in the works currently as we speak”. “We have all the approvals, and we’re getting the first permit to start moving the dirt this week,” he told this newspaper. “We’re definitely excited to break ground this week and get this project moving. We will get everything cleared, and start with the infrastructure, putting in the roads and utilities. It’s been in the works for probably about 14 months. “What we’re doing is that we’re building a vacation resort. The lots will be purchased by someone who will build on them, and then rent the properties back out. It’s right on the water in Port Lucaya. We overlook the inlet there and the main marketplace. You couldn’t ask
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BTC: No contract worker termination over COVID policy By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net THE Bahamas Telecommunications Company’s (BTC) chief executive has denied that any contract workers have been terminated with “over 90 percent” complying with its COVID policies. Andre Foster told Tribune Business that “there’s a lot of misinformation” surrounding BTC’s COVID-19 vaccination stance amid allegations that third-party vendors and contract workers are being terminated if they refuse to become fully inoculated. Pointing out that BTC’s unionised workforce, at both management and
line staff levels, is unaffected by the controversy, he explained that contract workers and third-party vendors are not being terminated from their assignments if they are unvaccinated. However, once their contracts are completed, they will not be hired for new tasks if they are non-compliant with BTC’s requirements. Mr Foster said the carrier, which is 49 percent owned by the Government, has also given contract workers two exemptions from the vaccination requirement - religious and medical grounds. “It’s very important for us that we give confidence in the community that
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THE Bahamas Telecommunications Company’s (BTC) top executive says it plans “to become a real attacker” in the battle for market share with ambitions to build-out its new network by end-2023. Andre Foster, the carrier’s chief executive, told Tribune Business in a recent interview that all subscribers across The Bahamas will enjoy faster, better quality broadband Internet and TV services when it completes the transition from its legacy copper infrastructure to fibre-to-the-home (FTTH) within the next 23 months. “It’s progressing well,” he said of the switch. “I wish I could say I was exactly where I want to be, meaning we have 100 percent of
ANDRE FOSTER our network converted to fibre-to-the-home. We’ve made a commitment to have fibre-to-the-home available throughout the archipelago by 2023.” While conceding that more remote locations in the Family Islands will likely be serviced by wireless, as opposed to fibre,
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