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DAVIS: RCI WORK TO START SOON
PRIME Minister Philip “Brave” Davis said Royal Caribbean International will break ground on its $110m beach club project on Paradise Island “almost immediately”, telling reporters his administration approved the project in part because tourists need more attractions.
In 2020, while in opposition, it was reported that Mr Davis declared that a PLP government would cancel any lease granted
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FEARS AS ISLANDS TAX ON PROPERTY ‘INEVITABLE’
By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
THE Family Islands are bracing for the “inevitability” of real property tax being levied on Bahamian owners, it was revealed yesterday, amid “frustration” that preparations for such a move are holding up real estate sales.
Daphne DegregoryMiaoulis, Abaco’s Chamber of Commerce president, told Tribune Business that she and other residents were “preparing” for an imminent end to the decades-long waiver that has exempted all Bahamian-owned property in the Family Islands from paying this tax.
CONTRACTOR ACCUSED OF $10M FRAUD
By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
ACCUSATIONS that a foreign contractor may have “fleeced” homeowners in Abaco’s high-end Baker’s Bay community of up to $10m are likely “only the tip of the iceberg” due to the absence of construction industry regulation.
Schumacher Homes Operations, in a complaint filed in the southern Florida federal court on March 2, 2023, alleged that the Bahamian-incorporated contractor and its US-based principal, Brian Dickens, had “stolen millions”.
criticism from the Minnis administration, which was in power at the time.
However, after the Progressive Liberal Party won the 2021 general election, officials said Mr Davis was seeking a compromise in the Crown land row.
to RCI for Crown land to develop a beach club on the western tip of Paradise Island. The pledge drew
Yesterday, Mr Davis said his administration has ensured that Bahamians have more involvement in the controversial project.
“We approved the
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