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Message to Downtown Property Owners – DPM Chester Cooper

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#The Bahamas, March 28, 2022

Good afternoon, Ladies and gentlemen.

  • Cabinet & Parliamentary Colleagues
  • Executives of the DTP
  • MOTIA Executives
  • Members of the RBPF

I have invited you here this morning to seek common ground and to share with you the vison that the Davis-Cooper administration has for Downtown, Nassau. I come in peace.

Last week in the House of Assembly I voiced my displeasure about the state of Downtown, Nassau and I called it an embarrassment.  And I know that many of you feel the same way.  As an owner of property Downtown myself, I am intimately familiar with the challenges facing downtown as well as the progress, slow though it may be, that has been made.

Successive governments and the Downtown Nassau Partnership have worked in tandem over the years to try and transform the city center into what we now have.  But the time for incremental change has come and gone.

We have seen progress in the refinishing of sidewalks, the investment in art on abandoned buildings and a focus on a police presence during the daytime hours.  But the fact remains that the private sector is not redeveloping downtown rapidly, and indeed often standing in the way of progress.

For years we have had incentives for development downtown, and while that has borne some fruit, there is no question that the growth of downtown pales in comparison with the escalating number of cruise ship passengers who are brought to the Port of Nassau.  Now we stand on the cusp of something new.

There is more than $200 million being invested in the new port that see it become one of the nicest, most modern ports in the region.  The expansion of cruise ship berths and the loosening of restrictions on cruise ship occupancy means that we could see days with more than 20,000 cruise ship visitors brought to our shores multiple times per week.  The difficulty has become getting them off the boats and to spend money downtown.

In addition that the port, we have the United States investing $300 million in a state of the art embassy that will change the landscape of Shirley Street and East Street.

In addition to that, we have a new Central Bank building that will cost well over $100 million that will begin construction soon and will further transform downtown.

In addition to that, the government of The Bahamas intends to construct a new Cabinet building downtown before the end of this term in government.

We are looking at over $700 million in investment into the downtown area in the next few years alone.  Add to that The Pointe, and we would be looking at close to a billion dollars in investment.  However, this will still not be enough to transform one of the busiest ports of entry in the region.  Our tourism is rebounding strongly. Despite our challenges we still consider ourselves the leaders in the region.

The vibrancy of downtown should be the story our visitors tell to their friends and family when they return home.  It should be a must visit destination in the Caribbean that serve as the bridge between Atlantis and Baha Mar, two of the most famous and meticulously constructed resorts in the world.

Downtown should be a memorable, authentic and safe journey stretching west to Arawak Cay, which is also being targeted for redevelopment, all the way east to Potter’s Cay Dock, also on the government’s drawing board for redevelopment. Yet it is still “on the drawing board”.   Just this past weekend we had six ships in port, on a single day.

There were thousands of guests here and I often hear taxi drivers and vendors tell me how embarrassed they are to have tourists walk past Victoria Avenue going east to see the raft of abandoned buildings, overgrown spaces and desolate areas that scream for guests to speed past as opposed to enjoying the local fare.

It is the one area we get consistent complaints about.

It is poorly maintained and not adequately managed.

It was thought that moving the various waterfront ports would spur development of living spaces, a boardwalk, restaurants and shops, but that dream has stalled.

I have often heard that buildings that are neither pleasing to the eye nor functional to the city are protected as historical sites, and that may require laws being amended.  I am told that outdated building covenants that limit the height of structures are also an impediment. I foreshadow that, that will require adjustment as well.

But given what we have seen with the The Pointe and with other buildings, we can clearly see that exceptions can be made in the greater move toward progress.

As far as our vagrancy issues downtown, those are being addressed by the police and through amendments to the Mental Health Act that will be coming.  Harassment by those who may be mentally ill and/or have substance abuse issues is not something Bahamians or visitors desire.  And we certainly do not want to tell the world that we allow people who may be a danger to themselves and others exist without help outside the gaze of a government mandated to provide order. We will get them compassionate care in a safe place. Bay Street is not that place.

I addition to a cleaner downtown, we also want downtown with spaces for small businesses and spaces for larger businesses.

The Small Business Development Centre and the Tourism Development Corporation are already being positioned to aid in this transformation.  We plan to make certain that Nassau Cruise Port has a transparent process for engaging Bahamian entrepreneurs to operate and have ample opportunity to experience the coming economic growth.

We plan to establish business incubation centers east of Bay Street with shared office spaces like the Incudesk model as well as a high-end authentically Bahamian marketplace.

In the House, I announced a plan to work with the Ministry of Works, the police, the Office of the Attorney General and the Office of the Prime Minister to tackle these issues head-on. We will have a collaborative inter-ministerial approach.  I also pledged to meet with you to discuss the way forward.

I want to be clear that though I seek the way forward to be one of mutually beneficial partnership, the thrust of this administration is first and foremost progress.  And we are not willing to sacrifice progress pursuing partnerships that will not bear fruit.  There is no chance that we allow the status quo to remain.  Always, we will try to work together to move our nation forward.  But governments have a responsibility to act in the national interest, even if that is not to the liking of a few.

There are multiple tools in the government’s arsenal to address compliance, but our first tool will always be diplomacy.  And what is good for downtown is good for the economy of The Bahamas.  Downtown is historic and its parameters well defined in the law.  A raft of legislation exists in the form of concessions to aid this redevelopment.  As I said, there is no need to reinvent the wheel.

We have had multiple studies on the redevelopment of downtown, and the government will also engage the public for ideas.  We  will implement a sustained plan that will out last me as Minister and beyond the 5-year political cycle.  But consensus among property is not required for the government to lead the way forward.  Our city center is no longer a hub for merchant ports.  And it is no longer the epicenter of retail commerce it once was.  But the fact remains that there is money to be made downtown.

For artists and artisans, for those directly in the tourism business, for existing property owners and many, many others.  If you are not interested in being in business in the downtown area, this administration fully understands that.  But we want to work together.  Therefore, this is why I make this call to action.  But disinterest cannot translate into inaction.

If we cannot figure out how to entertain and attract millions of visitors to spend on their vacations with a safe, diverse, dynamic and varied experience that changes and grows more interesting and more inviting over time, then we do not understand the business that we are in.

Downtown needs to become the calling card of The Bahamas, not continue to be a point of national shame.  There is a sense of urgency in implementing the action plans outlined in our Blue Print for Change.  It’s our commitment to you, as we govern on behalf of all.

As Deputy Prime Minister and Minister of Tourism, Investments and Aviation, I am daily confronted with the issues: maintaining the infrastructure, Cleaning Streets and sidewalks, Improved Signage, Addressing Poor Lighting, The Enhancement and enforcement of penal code as they relate to loitering, solicitation, illegal vendors, and illicit activities.  The Government intends to do its part.  We will apply existing laws to manage downtown and introduce new ones where necessary to have it restored, kept clean and provide a unique experience for our visitors and Bahamians.

Government will look at  work with the  DNP to establish a statutorily empowered PPP entity to manage downtown.  We have been meeting with Cruise Line Partners to strongly emphasize the imperative to model exceptional partnerships to increase their calls on the Port of Nassau, incentivize more passengers to come off vessels, work with the TDC to enhance and support our tours and local offerings, which will largely result in increased visitor spend on shore and on Bay Street.  They have given us their word.

We need you to repair your buildings and paint them. Revamp your store fronts. Ensure the removal of garbage. Adhere to signage guidelines and remedy derelict and abandoned buildings.  We don’t need to wait. I urge you to act.

I would be remiss, if I did not also applaud the work of our own Tourism Sites and Facilities Department, who rose to the occasion during the reopening of our sector to ensure that Bay Street, and more specifically Pompey, Pirates and Raswon Square was ready to receive residents and visitors.

I am hopeful that will come together with greater frequency, and share ideas, innovations and make inputs to ensure our collective success.

We must propel our nation on the path to recovery, on the journey to economic restoration and to truly make it, “Better in The Bahamas” for all of us.

Bahamas News

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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Fuel Pain at The Pump: Global Tensions Drive Prices Up as Bahamians Feel the Squeeze

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NASSAU, Bahamas — What should be a simple five-minute drive is fast becoming an expensive, hour-long ordeal, as rising fuel prices collide with worsening traffic congestion across New Providence.

As of early April 2026, gasoline prices across The Bahamas have climbed sharply, with motorists now paying an estimated $5.50 to over $6.50 per gallon, depending on the station and grade. The increases, seen at major retailers including Esso, Rubis and Shell, reflect a volatile global oil market driven by escalating geopolitical tensions.

The latest spike — in some cases jumping more than 50 cents per gallon within days — is being driven by uncertainty surrounding escalating tensions involving Iran. U.S. President Donald Trump has issued a direct ultimatum, warning that the United States could launch aggressive strikes on Iranian infrastructure, including power plants and key facilities, if demands are not met. While he has also expressed hope for a swift resolution, the threat of rapid escalation is already rattling global oil markets — and The Bahamas, heavily dependent on imported fuel, is feeling the impact almost immediately.

At the pumps, the frustration is real.

Drivers are now paying significantly more just to sit in traffic. Commutes that once took minutes are stretching into hour-long crawls, burning fuel with little movement and compounding the financial strain. For many residents, the issue isn’t just the price per gallon — it’s how quickly that gallon disappears.

Industry players are also bracing for impact. Higher diesel prices are expected to ripple across key sectors, including trucking, construction, and shipping — all of which ultimately feed into the cost of goods and services. In short, this is not just a fuel story; it’s an inflation story in the making.

Despite the surge, the Bahamas Petroleum Retailers Association has moved to calm fears, confirming that there is no fuel shortage. Supply remains stable, but consumers are being urged to adjust behavior — from maintaining proper tyre pressure to considering carpooling — small measures that could stretch every dollar a bit further.

Retailers, however, are not offering much comfort on price relief. While fluctuations are expected, insiders say the days of sudden price drops are unlikely in the immediate term. The “shock” increases may level off, but a meaningful decline hinges on global stability — something that currently feels out of reach.

For Bahamians, the reality is tightening: higher fuel costs, longer commutes, and a growing sense that relief isn’t coming anytime soon.

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

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