Progressive Liberal Party (PLP) Chairman Fred Mitchell said yesterday that the announcement that the government has signed a letter of intent (LOI) with Royal Caribbean Cruises Ltd. (RCL) and the ITM Group for the purchase of the Grand Lucayan resort should be met with caution.
The Office of the Prime Minister in Grand Bahama announced that the hotel will be sold for $65 million and the agreement also included the redevelopment of the Freeport Harbour.
“When there is genuinely good news for Grand Bahama, anyone should join in support it,” Mitchell said in a statement.
“However, this is the (Free National Movement) FNM government we are dealing with.”
He added, “In this case the PLP says: The devil is in the details; seeing is believing; talk is cheap but money buys land.
“Just this morning you had the minister of tourism telling the country any talk of a deal was premature; and now there’s a deal.
“The public can therefore understand that everyone should approach this announcement with caution and circumspection.
“The PLP will be examining this deal with a fine tooth comb to ensure that the interests of the Bahamian people are protected and that this is not just another sweet deal for FNM friends, family and lovers.”
On Tuesday, Tourism Minister Dioniso D’Aguilar said that a claim made by Lucayan Renewal Holdings Ltd. Chairman Michael Scott’s in The Tribune on Tuesday, that a preferred bidder for the Grand Lucayan resort will likely be named this week, was “a little premature”.
However, D’Aguilar was present at the LOI signing.