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$17m budgeted for Grand Lucayan operations in upcoming fiscal year

$17m budgeted for Grand Lucayan operations in upcoming fiscal year
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Investment promises - The Nassau Guardian

Since assuming the post of minister for tourism, investments and aviation, Chester Cooper, a newbie to public policy, has proven to be a naively enthusiastic promoter of his portfolio responsibilities. In recent months, Cooper, who is also deputy prime minister, has announced billions of dollars in tourism-related investments for Long Island, Exuma, Abaco and Grand ....

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DPM maintains that progress continues in Grand Lucayan sale

Deputy Prime Minister and Minister of Tourism, Investments and Aviation Chester Cooper maintained yesterday that progress continues toward the sale of the Grand Lucayan resort in Freeport, Grand Bahama, months after a previous deal collapsed. The government announced in May that it reached an agreement to sell the resort to Electra America Hospitality Ltd. (EAHL) for $100 ....

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A protracted wait for a real deal - The Nassau Guardian

Three months after Lucayan Renewal Holdings (LRH) announced that the deal for the purchase of the Grand Lucayan resort by Electra America Hospitality (EAHL) had collapsed, Grand Bahamians, especially those in the tourism sector, are still waiting to hear some positive news from the government. “It’s becoming worrisome,” said veteran taxi driver Alexander Brown. “For ....

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