FREEPORT, Grand Bahama — The approval process is underway for interested buyers for the former Royal Oasis property and the International Bazaar in Grand Bahama, said Minister of State for Grand Bahama Kwasi Thompson on Thursday, according to The Tribune.
Mr Thompson had been speaking at the Grand Bahama Business Outlook in Freeport –- but did not mention either Royal Oasis or the Bazaar in his address.
Explaining why he had not gone into detail on the future of the properties, he said: “We are not at a stage where we can begin to talk about it. But there are persons who are interested in the purchase of the Harcourt properties, and the International Bazaar. They are going through the process of the approval, so I cannot speak further on it.”
In the meantime, Mr Thompson assured his listeners that the government is working to correct and improve laws on how to deal with dilapidated buildings that are neglected by the owners, and go through the process of allowing someone who is interested to purchase and redevelop.
While taking questions on Thursday, he was asked about what is being done about the unsightly buildings at the Bazaar, and the rundown hotel property owned by the Harcourt Development Group.
Mr Thompson agreed that the hotel property owned by Harcourt, in addition to the nearby Bazaar, must be dealt with if the island is to recover completely. http://www.tribune242.com/news/2019/feb/22/royal-oasis-property-international-bazaar-approval/
