Monday, Oct 14, 2019
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Betty K relocates, resumes business

Business activities have resumed for Betty K Agencies two days from the fire that destroyed its downtown office, with the president of the company saying its first shipment will arrive as early as Thursday.

Jack Sands toldGuardian Businessthat arrangements have been made for the shipping company to resume its operations, and business will move forward despite the setback created by the Bay Street fire.

“They have space for us at Arawak Cay and we have an office in the old Mosko building on Bay Street,”Sands said.”We have an ad going in the newspaper where we’ll be announcing that we’ll be open at 8 a.m.[today].

“We’re down but we’re not out.”

His comments come in the aftermath of the fire on Bay Street that caused an estimated$30 million in damage to the downtown area. Along with Betty K Agencies, several other businesses were victims of the blaze, including the Bacardi liquor outlet, Tempo Paris and a few other establishments. President of the Downtown Nassau Partnership Vaughn Roberts said the estimated value of the Betty K property would have been around$10 million based on the asking price he was aware of, as the property had been on the market for sale.

Sands mentioned that the company doesn’t plan to lay off any employees as a result of the fire, and contact information will be made available for its customers.

The shipping agency was one of the companies planning to move to the new container port on Arawak Cay and is one of the private sector shareholders in the$65 million port development project. CEO of the Arawak Port Development project Mike Maura toldGuardian Businessyesterday that Monday’s fire doesn’t create any pressure to complete the project any earlier, which is expected to be finished by June 27 of this year.

“Monday’s events won’t affect the timeline we have for the project,”Maura said.”We already had plans to accommodate Betty K and what we are doing is providing them with an interim operating space that they will be using.”

Betty K has been in operation in The Bahamas since 1920 and provides shipping services between Nassau, Abaco, Miami and Jacksonville, Florida.

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