NASSAU, Bahamas — Despite assertions from the opposition to the contrary, Deputy Prime Minister and Minister of Finance Peter Turnquest believes the government can make a “significant return” when it eventually sells the Grand Lucayan resort in Freeport, the Nassau Guardian reported September 24.
The government is purchasing the resort for $65 million; $30 million paid up front.
While on Guardian Radio’s “The Political Review” with host Quincy Parker and guest host Adrian Francis yesterday, Turnquest was asked based on the purchase price and estimated cost of repairs, whether he believes the resort is a good investment.
“When you look at the property it is a wonderful property, an absolutely beautiful, wonderful property, and I believe it has tremendous potential,” he said. https://thenassauguardian.com/2018/09/24/dpm-significant-returns-possible-on-grand-lucayan/
