PLP HIGHLIGHTS FNM ABYSMAL RECORD ON THE ISLAND
2nd January 2012
FOR IMMEDIATE RELEASE
Grand Bahamians, like Bahamians everywhere continue to feel the harmful effect of the FNM’s failure to put Bahamians first.
Grand Bahamians know that 2 devastating hurricanes caused severe damage to the Royal Oasis hotel. The FNM negotiated a Heads of Agreement for that hotel knowing that the project was overleveraged, under insured and under funded. Mr. Christie is reported on 17th August, 2011as saying: “That agreement, when compared with the other hotel casino agreements in our country, was a shoddy piece of work… you can find from that agreement that much was left out in terms of the corporate guarantees by parent companies that would ordinarily be in major agreements negotiated by the government.”
It was the PLP government who moved quickly to offer immediate financial relief to the displaced workers of Royal Oasis in the wake of the hotel’s closure. Putting Bahamians first, the PLP aggressively negotiated with Lehman Brothers for payments to be made to displaced workers. The first two payments totaling $6.12 million were made by the PLP government. The subsequent payment made by the FNM government was negotiated by the PLP!
Grand Bahamians have 5 Members of Parliament, 3 of whom are Cabinet Ministers. They have been asleep at the wheel and have presided over the worst economic times ever experienced by Grand Bahama. The FNM’s failure to incentivize airlifts to Grand Bahama resulted in the closure of hotels and the termination of hundreds of Bahamian jobs. And, to date the FNM government failed to reopen the Royal Oasis hotel. The FNM’s record for Grand Bahamians is failure and a litany of broken promises.
Below is a snap shot of Grand Bahama’s perishing economy and human suffering under this FNM Administration since May 2007:
Ø Royal Oasis Hotel and Casino forgotten about and left to ruin.
Ø Harcourt Investment Mega Condominium Development Project Stopped.
Ø All three City Markets food stores on GB Closed.
Ø Island Palm Hotel Closed.
Ø Royal Islander Hotel is closed.
Ø Reef Village @ Our Lucaya Closed.
Ø Port Lucaya Hotel Closed.
Ø Lighthouse Point Hotel @ Our Lucaya Closed.
Ø Old Bahama Bay West End Closed.
Ø Xanadu Beach Hotel 75% Closed.
Ø Gombay Park Closed.
Ø Grand Bahama Distributors Closed.
Ø Discovery Cruise Line Gone.
Ø Spirit Airlines Gone.
Ø Construction Industry for all except FES Construction is virtually dead.
These are the cold, hard and unforgiving facts about the economic state of Grand Bahama and the current realities of Grand Bahamians. No amount of Red Herrings, political spin, distortions and distractions by the FNM can change this reality.
Zhirvargo Laing is running scared and away from the people of Marco City. Having promised the people of Grand Bahama that a FNM government could easily create thousands of new jobs, he is now afraid to stand on his record of broken promises. The people of Ft. Charlotte will not accept rejected goods. Bahamians everywhere deserve better.
The FNM government cannot identify one new major project that it introduced to Grand Bahama in the last four and one half years. The few bright spots in Grand Bahama including the Ginn development in West End, the Northern campus of the College of the Bahamas and the brewery, were all started by Christie’s PLP administration.
The PLP recognizes that the strategic location for the Port and its support services has not changed. The PLP’s team of exceptional new generation business and other leaders, combined with proven leadership will immediately engage in dialogue with the principals so that services and training at the Port will be regenerated and expanded for the benefit of Bahamians.
To revitalize, diversify and grow our tourism product, the PLP proposes to resurrect and upgrade the Grand Bahama Promotion Board, as well as to ambitiously retool the Hotel Corporation so as to give the necessary support to smaller boutique hotel properties.
To restore Grand Bahama as the industrial capitol of the Bahamas, the Ministry responsible for energy will specifically focus on the needs and importance of Grand Bahama with a view creating thousands of jobs and business opportunities.
For struggling home owners, we propose mortgage reform where the government works closely with financial institutions to allow many Bahamian homeowners to keep their homes.
As part of our commitment to doubling the investment in education, we pledge to place significant emphasis on training and education so that thousands of students and workers are trained and retrained annually, preparing and retooling for good long term 21st century jobs. Additionally, putting Bahamians first, we will enforce strict immigration policies to ensure that Bahamians will be the first to benefit from jobs in The Bahamas.