Connect with us

Bahamas News

BAHAMAS: D’Aguilar: Intervention in Grand Lucayan is in National Interest

Published

on

#Nassau, September 25, 2018 – Bahamas – It would be an act of “sheer cruelty and neglect” toward the people of Grand Bahama for the government “to idly stand by and let the Grand Lucayan, a prime hotel property, go the way of the Royal Oasis,” Minister of Tourism and Aviation, the Hon. Dionisio D’Aguilar told Parliament.

Addressing the House of Assembly Thursday (September 20, 2018), Minister D’Aguilar said news of the government’s proposal to purchase the Grand Lucayan has sparked vibrant public debate.  He said while many of the questions and arguments raised against the purchase of this property would have some merit under normal circumstances, “when a particular situation in a country is so critical, government must intervene in the national interest.”

“As a veteran businessman, my personal belief is that governments should leave all businesses such as hotels, to be run by the private sector. However, there comes a time when a particular situation in a country is so critical that the government must intervene in the national interest.

“The Grand Lucayan Hotel is a case in point.  This is not just about a hotel and its employees, nor is it just about an island.  This is about the prosperity of an entire nation.  It would be an act of sheer cruelty and neglect towards the people of Grand Bahama for the government to idly stand by and let the Grand Lucayan, a prime hotel property, go the way of the Royal Oasis.”

Mr. D’Aguilar’s comments came while Seconding the Motion for a $35 Million Loan from Hutchison Whampoa for the Purchase of the Grand Lucayan Resort. He said the government’s intention is not to hold on to the Grand Lucayan for any extended period of time, but to purchase it and “ready it for onward sale to the most attractive investor.”

Mr. D’Aguilar said in pursuing the purchase of the 1200-room hotel property, the government seeks to secure the foundation of Grand Bahama’s tourism sector and bring about a critical turn around in the direction of Grand Bahama’s economy.

“If the Government did not act, the closure of the hotel was a certainty.  The Grand Lucayan is too important to Freeport and ultimately The Bahamas. It is too important and too big to fail.  Failure to purchase this hotel would concretize significant losses to the Public Treasury, a loss of annual departure tax, VAT, Customs Duty, all in the millions of dollars if the Grand Lucayan is closed.”

Minister D’Aguilar said if the resort is opened and becomes operational at effective levels, it will secure the employment of approximately 1200 persons – the wages from which would amount to approximately $20-$25 million, not including indirect and induced employment.  He said construction could produce a potential 500 jobs with annual wages of approximately $15 million.

“All of this represents a significant injection into the economy of Grand Bahama,” he said.

Minister D’Aguilar said the hotel’s closure would have a devastating effect.

“Specifically, it would have a severe effect on the Port Lucaya Marketplace and Marina where over 50 businesses are in operation; it would have a severe impact on the three daily Ferry Services from Florida, namely the Balearia, the Grand Celebration and the Grand Classica.  We would eventually lose them.  And it would have a severe impact on straw vendors and taxi drivers and all other ancillary businesses and suppliers that need this hotel to be open in order for them to survive.”

Minister D’Aguilar said the closure of the Royal Oasis in 2004 has had a negative impact on Grand Bahama and its economy. He said the International Bazaar, which adjoins the hotel, is now a ghost town, full of derelict and abandoned buildings.

“Its state of near total disrepair is proving that once you make the fatal mistake of allowing a hotel to close, it is extremely difficult, if not impossible, to get it re-opened.

“We have learned the lessons from previous governments – what damage inaction can cause. Inaction and closure is simply not an option for the Grand Lucayan, if the intention is to bring it back to life and to create the greatest economic impact.”

Minister D’Aguilar said the government will act decisively in the best interests of the people of Grand Bahama and the people of The Bahamas.

“The numbers reveal a tourism sector that has received some traumatic body blows and we were elected on overwhelming numbers to do what is necessary to reverse that trend,” Mr. D’Aguilar said.

“The purchase of the Grand Lucayan and its eventual re-development could be the catalyst to Grand Bahama’s rebirth – a chance to improve the mood and confidence levels and provide a new destination unique from other islands and really allow for the proper re-branding of Grand Bahama.

“Behind any major decision, there must be a vision. What is the vision for Grand Bahama? Like the proverbial Phoenix that rises from the ashes, we envision the gradual and sure recovery of the island of Grand Bahama,” Minister D’Aguilar added.

 

By: Matt Maura

Release: BIS

 

Continue Reading

Bahamas News

Bahamian Man Extradited to Florida on Cocaine Trafficking Charges

Published

on

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.

Continue Reading

Bahamas News

New Manifestos Released as Bahamas Heads to Historic May 12 Vote

Published

on

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.

Continue Reading

Bahamas News

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

Published

on

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.

Continue Reading

FIND US ON FACEBOOK

TRENDING