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Grand Lucayan, Sold

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#FREEPORT, Grand Bahama – February 2, 2020 — The Government of The Bahamas sold the Grand Lucayan on Monday, March 2, 2020 to a partnership between Royal Caribbean International and ITM (Bahamas Port Investments Ltd.), which is expected to make a $250 million investment between the hotel and the redevelopment of the cruise port.


GRAND LUCAYAN SOLD – Prime Minister, the Most Hon. Dr. Hubert Minnis, on Monday, March 2, 2020 was on island for the Heads of Agreement signing between the Government of The Bahamas and Bahamas Port Investments Ltd. for the sale of the Grand Lucayan.   Also present were members of Cabinet, Members of Parliament, Permanent Secretaries, senior government officials and members of the business community. The ceremony was held on the Great Lawn of the Grand Lucayan. The event officially started shortly after 11 a.m.  (BIS Photo/Yontalay Bowe)

The Heads of Agreement Signing Ceremony was held on the Great Lawn of the property, some 11 months following the signing of the Letter of Intent on Wednesday, March 27, 2019.

Prime Minister of The Bahamas, the Most Hon. Dr. Hubert Minnis described the day as a wonderful one as the government’s intention was never to hold on to the property, but initially purchased it so save jobs of Grand Bahamians and businesses.

Dr. Hubert Minnis – Bahamas Prime Minister

“As we stated at the time, it was our intention to privatize the property as quickly as possible. We wanted to ensure that we found the right buyer who shared our vision for the renewal of Grand Bahama. Our vision was the renewal and rebirth of Grand Bahama’s tourism sector and product as an essential element in the restoration of this island’s potential.


SIGNING CEREMONY — The Government of The Bahamas and Bahamas Port Investments Ltd. signed a Heads of Agreement with respect to purchase of the Grand Lucayan today, March 2, 2020.  Prime Minister, the Most Hon. Dr. Hubert Minnis (standing, second right) said the multi-million dollar investment “will go a long way in revitalizing Grand Bahama, with myriad economic and employment opportunities for more Grand Bahamians.”   Seated at left are Royal Caribbean International President and CEO Michael Bayley (left) and CEO of ITM Mauricio Hamui, representing the Developer; and at right, Secretary to the Cabinet Camille Johnson (second right) and Director of Investments Candia Ferguson.  Standing from left: Minister Iram Lewis, Minister of State Kwasi Thompson, Deputy Prime Minister Peter Turnquest, Prime Minister Hubert Minnis, and Minister Dionisio D’Aguilar.   (BIS Photo/Yontalay Bowe)

“I am pleased that Royal Caribbean Cruise Line and the ITM Group, trading as Bahamas Ports International, share our vision and decided to invest in the long-term future and sustainability of Grand Bahama. The Developer shared their vision of reinventing the tourism product for land-based guests arriving by air and those arriving by cruise and ferry ships with a distinctive Bahamian flavour and characteristics.”

He continued, “This $250 million dollar investment will go a long way in revitalizing Grand Bahama, with myriad economic and employment opportunities for more Grand Bahamians. After many false dawns, there is an exciting new horizon for our second most populous island and economic center. Both the government and the developer are investing in the future and possibilities of Grand Bahama. Grand Bahamas is at the beginning of a new day.”

As a result of the purchase, 3,000 direct and indirect jobs will be created in construction as well as working at the hotel or cruise port.

Grand Bahamians will reap the benefits of capital investment, employment opportunities for Bahamian workers in the tourism and construction industries, increased commerce for local businesses in the Port Lucaya Market Place, taxi drivers and tour operations. This increased revenue will enable the government to support infrastructural programs.

Additionally, training programs will be offered for Bahamians through RCCL Training Academy as well as opportunities for small businesses and Bahamian entrepreneurs including those producers of Bahamian products.

“With Grand Bahama’s proximity to the large Florida market in particular, this investment will promote sustainable economic growth and development on Grand Bahama. This investment will also expand the experience for cruise passengers to The Bahamas. As you are aware, a high number of cruise experiences are Bahamas only cruises, a strategic advantage for The Bahamas and good economics for cruise lines. Given the many millions of people who enjoy cruises and the size of the market, the new ports in Nassau and Grand Bahama will both enjoy increased numbers.

“Ladies and Gentlemen: As a result of this development it is anticipated that Grand Bahama will provide a better and more enjoyable overall guest experience to Freeport, Grand Bahama, and promote future traffic growth to Grand Bahama. We must revitalize public infrastructure and provide economic opportunities and incentives for the private sector to invest in the revitalization of properties and businesses.”

The Prime Minister said discussions are currently ongoing to determine the best way to redevelop the Grand Bahama International Airport, which will require a major investment.

“I first came to Grand Bahama many years ago. Like many of you I have seen its ups and downs, its struggles and its needs. I also saw the hope and tenacity of the many good and talented people who live here. You have demonstrated courage and resilience. With this major investment and other investments, we are restoring the confidence of Grand Bahama. Your development is vital for our entire country. I am grateful that my government could play a role in helping to build a new Grand Bahama.”

Minister of Tourism & Aviation, the Hon. Dionisio D’Aguilar noted that the day could not come fast enough for him, with the opposition to purchase of the property by the government, even though the intention was to own it for only a brief period.  Some 18 months later, the property has been sold.

Dionisio D’Arguilar – Bahamas Tourism & Aviation Minister

He said, “As Minister of Tourism and Minister with Responsibility for this property, I am extremely excited that that the intended purchasers of this hotel are Royal Caribbean and the ITM Group.  Between them, they are well funded, bring to the table a great deal of experience in the tourism sector, and have a proven track record of successful projects. 

This hotel is to be transformed.  Hundreds of millions of dollars are to be invested into this property to refurbish/renovate/reconstruct 500 rooms in Phase One and another 500 rooms along with 500 villas in Phase Two.  Additional features will include a new casino, a spectacular water theme park and a new shopping, restaurant and retail center. 

Add to that the new cruise port that is to be built in the Freeport Harbour to accommodate three ships in Phase One and up to seven ships in subsequent phases, and one will quickly conclude that this entire project, hotel and waterpark right here where we are standing plus new cruise port, plus attractions down at the Freeport Harbour is absolutely monumental for tourism in Grand Bahama.”

Minister of State for Grand Bahama, Senator the Hon. J. Kwasi Thompson, gave welcome remarks.  Also giving remarks were Robert Shamosh, Chief Executive Officer, Holistica Destinations; Mauricio Hamui, Chief Executive Officer, ITM; and Michael Bayley, President and CEO, Royal Caribbean International.

Also, in attendance were Deputy Prime Minister and Minister of Finance, the Hon. Peter Turnquest and other Ministers of Cabinet; Members of Parliament, Permanent Secretaries, Senior Government Officials, representatives from the business community, taxi drivers, and straw vendors.

Immediately following the official ceremony, guests were treated to the pulsating sounds of a Junkanoo Rushout followed by a reception.

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Bahamas News

Over a Week Later, Bahamians Still Waiting on Full Election Numbers

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The Bahamas, May 22, 2026 – More than a week after Bahamians voted in the country’s 2026 General Election, complete official constituency voting figures still have not been publicly released by the Parliamentary Registration Department.

While winners have been declared across the country’s expanded 41-seat Parliament, no centralized official breakdown showing constituency vote totals, turnout percentages, rejected ballots or margins of victory appears to have been published publicly.

The Progressive Liberal Party is widely reported to have secured 33 seats, while the Free National Movement won eight seats, according to tallies carried by several media houses, including the Nassau Guardian’s election tracker and other regional reports.

Still missing, however, are the underlying numbers which would allow the public to independently assess voter participation levels across the country’s 41 constituencies.

That absence is drawing increasing attention following an election already marked by concerns over long lines, advanced polling confusion, voter register complaints and questions about election administration.

Unofficial turnout estimates circulating in local media place national voter participation near 58 percent. If confirmed, that would represent the lowest voter turnout in modern Bahamian general election history.

Historically, The Bahamas has recorded strong election participation rates, with turnout often exceeding 80 percent in previous decades. But participation declined sharply in 2021, when official turnout fell to roughly 65 percent — at the time considered historically low.

Now, the Coalition of Independents says it plans to challenge aspects of the election process in Election Court and is escalating its criticism of the handling of the vote.

In a sharply worded statement issued to media, Coalition Leader Lincoln Bain announced the party will boycott the opening of Parliament, insisting the election was “flawed from start to finish.”

The Coalition claims the country cannot “celebrate ceremony while justice is ignored,” arguing that unresolved election concerns continue to hang over the legitimacy of the process.

Among the concerns raised by the COI are:

  • allegations of voter register irregularities;
  • claims that the voters register remained open after Parliament was dissolved;
  • accusations of vote buying;
  • concerns tied to the Pinewood constituency race;
  • alleged constitutional breaches involving undeclared government contracts;
  • and alleged conflicts of interest involving gaming operators serving in Cabinet.

The Coalition also referenced allegations surrounding criminal influence and drug-related claims connected to political operations, while calling for what it describes as a “serious local investigation.”

In its statement, the COI said there has been “no proper public accounting, no local investigation announced, and no Commission of Inquiry launched into these matters.”

The group is now demanding a formal Commission of Inquiry into the conduct of the election and related allegations.

Bain said the boycott of Parliament is “not a boycott of democracy” but instead “a stand in defence of democracy.”

The statement further argues that Parliament itself must be protected from “corruption, conflicts of interest, criminal influence, and electoral fraud.”

So far, election authorities have not publicly indicated when complete certified constituency voting figures will be formally released.

And that delay is becoming increasingly significant because the missing data includes the very numbers needed to understand whether Bahamians truly disengaged from the electoral process in record numbers.

If unofficial turnout estimates are accurate, it would mean voter participation in 2026 either matched or fell below the historically low 2021 election turnout — despite The Bahamas recording one of its largest voter registration totals ever, with more than 209,000 people listed to vote.

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

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Bahamas News

OVER 209,000 BAHAMIANS TO DECIDE NEXT GOVERNMENT IN TUESDAY’S GENERAL ELECTION

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Polls open nationwide as rallies, controversy and endorsements close heated campaign season

 

The Bahamas, May 11, 2026 – Temperatures across The Bahamas on Tuesday, May 12 are forecast to reach a high of 87 degrees Fahrenheit, with “feels like” temperatures expected to climb even higher — but the heat is not expected to disrupt the flow of voters to polling stations which open nationwide at 8 a.m.

More than 209,000 registered voters are expected to cast ballots in the country’s 2026 General Election, which will determine who forms the next government of the Commonwealth of The Bahamas.

Polling stations across New Providence, Grand Bahama and the Family Islands will remain open until 6 p.m., with all 41 House of Assembly seats being contested in what has become one of the country’s most energetic and closely watched election campaigns in recent years.

The governing Progressive Liberal Party and the opposition Free National Movement are fielding full slates of 41 candidates each, while the Coalition of Independents has emerged as a significant third-force movement with 40 candidates contesting seats nationwide.

Public schools throughout the country are closed Tuesday as many campuses are transformed into polling stations, while ballot boxes have already been dispatched to the Family Islands ahead of voting day.

The Parliamentary Registration Department has meanwhile reminded employers that registered voters are legally entitled to two hours off to vote in addition to their normal lunch break and has also issued guidance aimed at maintaining orderly conduct at polling locations.

The final days of campaigning transformed the country into a sea of rallies, motorcades, town halls and political events stretching from Exuma and Long Island to Abaco, Bimini, Eleuthera, Andros, Inagua and Grand Bahama.

The PLP closed its campaign with the message “Choose Progress,” arguing the Davis administration has strengthened the economy, expanded social support and advanced national development projects.

The FNM campaigned heavily on accountability, affordability and governance reform under the slogan “We Work for You,” while the Coalition of Independents sought to position itself as the country’s disruptive alternative with the declaration: “Change ain’t coming — change is here.”

The campaign season also drew international attention with former NBA player and businessman Rick Fox attracting celebrity endorsements from basketball legend Shaquille O’Neal, actress Vanessa Williams and reggae icon Buju Banton through widely circulated video messages.

Adding further unpredictability to the race are at least 13 independent candidates contesting seats across the country, including former Prime Minister Dr Hubert Minnis in New Providence’s Killarney constituency, former Cabinet Minister Frederick McAlpine in Grand Bahama’s Pineridge constituency and Leroy Major in Southern Shores on New Providence — all seeking to break through the dominance of the country’s traditional party structure.

Meanwhile, election officials faced controversy in the campaign’s final hours after confirming that fewer than 150 voters, around 1 percent of electors had been mistakenly omitted from the register but would still be allowed to vote Tuesday — a decision questioned publicly by FNM Leader Michael Pintard amid broader concerns over voter integrity and election procedures.

Despite the political tensions, election officials say preparations are complete.

By Tuesday night, Bahamians are expected to know whether the PLP secures a second consecutive term, whether the FNM returns to office, or whether independents reshape the country’s political landscape.

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

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BAHAMAS RATING UPGRADE: A WIN—BUT NOT A FREE PASS

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The Bahamas, May 4, 2026 – With elections days away, The Bahamas has picked up a headline-friendly win: a credit rating upgrade.

Here’s the one-liner that matters most:

A higher rating can mean cheaper borrowing for the government—over time.

That’s the upside. When lenders see less risk, they demand lower interest. That can ease the cost of financing big projects and managing national debt.

But that’s only part of the story.

Moody’s Ratings has upgraded The Bahamas to Ba3 from B1, citing stronger fiscal discipline, improved liquidity and a more stable funding strategy. It also points to better tax collection, controlled spending and continued strength in tourism as key drivers.

Moody’s expects the government to maintain solid primary surpluses—essentially bringing in more than it spends before debt payments—and projects national debt to decline from 72.5% of GDP to around 68% by 2027.

That’s progress.

But here’s the reality check.

The Bahamas is still below investment grade. In plain terms, the country remains in speculative territory, meaning investors still see a higher level of risk compared to more stable economies.

Debt, while improving, is still elevated. And the economy remains heavily dependent on tourism—a sector that can shift quickly with global conditions, weather events or geopolitical shocks.

Even Moody’s signals that more work is needed. Further upgrades depend on:

  • sustained reductions in debt
  • improved debt affordability
  • and continued access to favourable financing

So while the upgrade reflects real gains, it is not a finish line.

It is a signal that the country is moving in the right direction—but must stay disciplined to keep that momentum.

For voters heading to the polls, the takeaway is simple:

The Bahamas has strengthened its financial position—but the fundamentals still need work.

The progress is real.

The challenge now is to make it last.

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

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