FREEPORT, Grand Bahama –The Minnis administration has purchased the Grand Lucayan resort in Grand Bahama, Prime Minister Dr Hubert Minnis announced after a tour of the property on Wednesday, The Tribune reported on August 22.
During a press conference on the island, Dr Minnis said the government made a deposit of $10 million on the property. The full purchase price is $65m, Dr Minnis said.
Dr Minnis said it is not the government’s intention to run a hotel, saying it is his administration’s intent to save jobs, saying if the three-hotel property would close, it would have a “devastating” impact on Grand Bahama. http://www.tribune242.com/news/2018/aug/22/govt-purchases-grand-lucayan-resort/
