PM: Time For Action For Grand Bahama

The time for talk in Grand Bahama is over. That’s the declaration made by Prime Minister Philip Davis who made his first official visit as the nations chief. During his visit today, the PM also gave an update the Grand Lucayan.

The PM’s comments came after he met with Minister for Grand Bahama Ginger Moxey and other senior government officials on that island.

David says his administration is determined to find and implement a strategy that works for Grand Bahama. He says the island has had an ailing economy for nearly two decades.

As it relates to the Grand Lucayan, he says thats just one piece of the puzzle.

Back in 2018, the Minnis administration purchased the resort from Hong Kong conglomerate Hutchison Whampoa.

The price tag, $65 million.

Two years later in March 2020, an agreement between the government and Bahamas Port Investments Limited was signed and the final buying price was $50 million.

The Davis administration announced last month that the sale agreement was canceled.