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BAHAMAS: Minister Thompson says Grand Lucayan negotiations are alive and underway

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#Bahamas, May 01, 2018 – Grand  Bahama – “Do not believe the fake news that is out there, because the Grand Lucayan deal is very much alive and underway and we have made tremendous progress with respect to that deal,” said Minister of State for Grand Bahama, in the Office of The Prime Minister, Senator Kwasi Thompson.

The Minister’s remarks came during his opening address of the second annual Business-to-Business Expo, which was held at Pelican Bay resort on Thursday.  Minister Thompson said that they are at the end of the negotiating process with the Grand Lucayan resort and what they are negotiating goes beyond just transferring ownership of a hotel from one company to the next.

“What we are doing is providing a unique destination for Grand Bahama, one that is different and set apart from the rest of The Bahamas,” said Minister Thompson.  “We believe that at the end of the day, we will see up to two well-known brand names that have never been in The Bahamas before.

“This will truly provide a unique destination for Grand Bahama.”

The second annual Business-to-business Expo was held in partnership with the Office of The Prime Minister in Grand Bahama and the Grand Bahama Chamber of Commerce; according to Minister Thompson, it has been designed to generate much needed growth in Grand Bahama’s local economy.

Minister Thompson noted that the Business Expo serves as an avenue to bring people and businesses together, provide large corporations with local options for their purchasing needs and empower small businesses to frame their services to be able to engage with those large companies.

“The Government is confident that through this collaboration, many of the goods and services now imported from foreign vendors can now instead be delivered by Grand Bahamian businesses.”

The Business-to-business Expo was launched in 2017 with the Grand Bahama Shipyard and Buckeye having provided specific information on their procurement process and requirements.  This year’s Expo presented a panel of representatives from Statoil, Pharmachem Technologies and Quality Services Limited.

In addition to the on-going mega projects within some of the companies who presented at this year’s expo, Minister Thompson said that the Government is excited that several investment projects are presently underway in Grand Bahama that will provide even greater opportunities for local entrepreneurs.

Minister Thompson outlined the various other projects that are in the pipeline of development, which will all help to revive the economy of Grand Bahama: Seaward Fishing Village in Deadman’s Reef; the expansion of the Blue Marlin Cove and the much anticipated $2.8 billion Grand Palm Beach Acquisitions Limited Resort, which was once known as the Ginn project.

“This project was recently approved in principle by the government and we are now in the process of negotiating a heads of Agreement with the new owners,” said Minister Thompson.

“We’ve seen the Zipline and Water Park recently opened here in Freeport and we anticipate that a well-known skating rink and go-cart facility will be reopening its doors in Grand Bahama.  The WIndriver Tobacco manufacturing company has recently commenced its operations right here in Grand Bahama, where they are manufacturing tobacco products for export.

“I recently visited the construction site of one of our major food store owners, who has embarked upon a major, multi-million dollar expansion project.”

Minister Thompson pointed out that the Government of The Bahamas remains committed to making Grand Bahama the technology hub of The Bahamas.  To this end, he noted that they have made some progress in respect to making that a reality.

He said Technology companies have been taking advantage of the Commercial Enterprise Act, which was recently passed by Parliament and as such three technology companies have been given approval in principle to operate in Grand Bahama.

“In fact, one of those companies is represented here at this Expo, that is GIBC Digital Company,” said Minister Thompson.  “They have already indicated that they are in the process of hiring up to fifty people here in Grand Bahama.”

Minister Thompson noted that this year’s Business-to-business Expo comes at an opportune time particularly for those who have recently participated in the Government’s Small and Micro Business Enterprise Program.  The Office of the Prime Minister in Grand Bahama has provided business grants to over 40 new and existing businesses in Grand Bahama.

“We believe that this initiative sets the tone for sustainable development and diversification of our Grand Bahama economy,” said Minister Thompson.  “Without a doubt, the business-to-business initiative stands to benefit all stakeholders, changing the way we do business and moving us forward to becoming stronger, and a more self-sufficient island and nation.”

 

By Andrew Coakley

 

OPENS EXPO – Minister of State for Grand Bahama, in the Office of the Prime Minister, Senator Kwasi Thompson was the keynote speaker at the opening of the second annual Business-to-Business Expo, which was held at Pelican Bay resort, April 26, 2018.  (BIS Photo/Lisa Davis)

 

DRUMMING UP BUSINESS – The Second annual Business-to-business Expo at Pelican Bay was designed to bring together large and small businesses in an effort to find an even playing field where both can work together to help strengthen the economy of Grand Bahama. Minister of State for Grand Bahama, Senator Kwasi Thompson was the keynote speaker at the opening on Thursday morning.  (BIS Photo/Lisa Davis)

 

 

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Bahamian Man Extradited to Florida on Cocaine Trafficking Charges

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USA, April 23, 2026 – A Bahamian man has been extradited to the United States to face serious drug charges stemming from alleged offences committed several years ago.

Lernis Cornish Jr. was handed over to U.S. authorities on April 17, 2026, following extradition proceedings in The Bahamas. The case was heard before Chief Magistrate Roberto Reckley, who ordered that Cornish be surrendered to American officials. Cornish did not challenge the order.

He has since been transferred to Florida, where he is expected to face trial in connection with alleged drug-related activity dating back23 to 2020.

According to reports, Cornish is accused of possession of cocaine with intent to supply and conspiracy to possess cocaine with intent to supply. Related U.S. law enforcement notices also indicate that the matter is being pursued in Collier County, Florida, where authorities have listed charges including trafficking in cocaine and conspiracy to traffic cocaine, involving quantities of 400 grams or more.

The case now falls under the jurisdiction of the Florida court system, where prosecutors are expected to advance the matter through pre-trial proceedings ahead of any potential trial.

Extradition from The Bahamas to the United States is governed by bilateral treaty arrangements, allowing individuals accused of serious offences to be transferred to face justice in the requesting country once a Bahamian court is satisfied that legal requirements have been met.

Cornish’s extradition marks the continuation of a multi-year case, moving it from preliminary proceedings in The Bahamas into the U.S. judicial system, where the allegations will now be tested in court.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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New Manifestos Released as Bahamas Heads to Historic May 12 Vote

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The Bahamas, April 14, 2026 – With the 2026 Bahamian general election set for May 12, the country’s major political parties have now formally placed their plans before the electorate, offering competing visions for governance, growth and relief.

The governing Progressive Liberal Party (PLP), led by Philip Davis, launched its “Blueprint for Progress 2026” on April 8, 2026, outlining a 46-page plan focused on long-term development and systems reform. The document places heavy emphasis on energy transition, digital government, workforce training and food security, positioning the party as one seeking continuity following its first term. The full plan is publicly available online through official PLP platforms for voters to review.

Just days later, on Sunday, April 12, the opposition Free National Movement (FNM), under Michael Pintard, unveiled its 2026 Manifesto at a major event in Nassau. Spanning 54 pages, the document centers on cost-of-living relief, tax reform, healthcare expansion and housing, offering what the party describes as a more immediate response to economic pressures facing Bahamian families. The FNM has also made its manifesto accessible online.

Beyond the two major parties, the Coalition of Independents (COI) had already entered the policy space earlier, formally unveiling its long-range Vision 2030 framework on Saturday, March 1, 2025, at the Fusion Superplex in Nassau during a packed national launch led by party leader Lincoln Bain. That framework has since been complemented by a 100-day action plan released in late March/early April 2026, adding a short-term policy layer to its long-range proposals.

These policy rollouts come as the country prepares for a pivotal vote, with the Parliamentary Registration Department confirming a voters’ register of approximately 203,000 eligible voters, one of the largest in the nation’s history. Key dates are now set, with Nomination Day on April 16, followed by advance polls on April 30, ahead of General Election Day on May 12.

With platforms now in the public domain and the timeline locked in, the focus shifts squarely to the electorate—who must now weigh the promises, examine the plans and decide the country’s direction at the polls.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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From Concept to Approval: What a 2019 Water Security Plan Now Means for Bahamians

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The Bahamas, April 14, 2026 – At its core, the $65 million water security project is designed to strengthen the reliability, safety and resilience of the water supply across The Bahamas.

If implemented as planned, the investment is expected to improve water quality, reduce contamination risks and support public health, while increasing supply reliability and limiting service disruptions during droughts or system failures. The project also aims to expand and upgrade infrastructure, including wellfields, pumping stations and storage capacity, and to protect freshwater resources from saltwater intrusion—an increasing threat for low-lying islands. In practical terms, that could mean cleaner, more consistent and more dependable access to water for residents across the country.

The project was first conceptualised in 2019 under the previous administration, when a proposal was submitted to the Green Climate Fund to strengthen the resilience of the country’s water systems. That early work came just months before Hurricane Dorian exposed the vulnerability of national infrastructure, including critical water and sanitation systems, particularly in the northern Bahamas.

The initial phase focused on developing the concept, identifying priority areas and engaging regional and international partners, including the Caribbean Development Bank, to support the design and preparation of a full funding proposal.

Following the change in government in 2021, the project advanced into its most technical and demanding stages. The current administration oversaw the completion of key requirements, including feasibility studies, environmental and social assessments, and detailed financing negotiations with international partners—steps necessary to move the proposal from concept to approval.

That multi-year process has now culminated in approval of a $65 million financing package, combining grant funding with concessional loans to support long-term upgrades to the country’s water infrastructure.

While the project brings significant international support, it is not entirely free money. The package is structured as a blended financing arrangement, combining grant funding with concessional loans—meaning a portion of the funding will ultimately need to be repaid. Based on information released by the Caribbean Development Bank, approximately $25 million of the total package is tied to loan financing, with the remaining portion provided as grant support.

Concessional loans typically carry more favourable terms than commercial borrowing, including lower interest rates and longer repayment periods. However, they still represent debt obligations that will be borne over time.

Notably, detailed terms of the loan components—including interest rates, repayment schedules and any associated conditions—were not disclosed in the initial announcement issued by the Office of the Prime Minister (Bahamas). Those details are expected to be outlined in formal financing agreements, but have not yet been made public.

For Bahamians, the project represents both investment and obligation. While the grant funding provides a significant boost to infrastructure development, the loan component adds to the country’s long-term financial commitments—making transparency around terms and implementation timelines especially important.

While the approval marks a significant milestone, the timeline for delivery remains a critical factor. Based on information available from project partners, implementation is not expected to begin immediately. The initiative is anticipated to move into its execution phase later in 2026, following finalisation of financing agreements and completion of preparatory requirements.

From there, the project is projected to unfold over several years, with estimates suggesting a multi-year implementation period of up to seven years to fully deliver the planned upgrades to water infrastructure across The Bahamas.

This means that while the funding has now been approved, the benefits will be realised gradually rather than all at once. A definitive completion date has not been publicly outlined, and detailed timelines tied to specific islands or phases of work have yet to be disclosed.

For Bahamians, the question now shifts from approval to execution—when funds are drawn down, when construction begins, and how consistently the project moves from plan to delivery.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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