The Bermuda Environmental Sustainability Taskforce [BEST] said they wish to lend support to UBP MP Charlie Swan’s assessment that the “terms of agreement between Bermuda and Mr. Carl Bazarian for the building of the Park Hyatt Resort in St. George’s have not been adhered to. Given that construction was to have begun by August 2012, which has passed, the agreement should be terminated.”
BEST said: “We feel it is an asset that Bermudians, particularly those resident in St George’s, are being deprived of while it is tied up in an agreement with a delinquent partner. We believe that there are other possibilities/potential for the area on a scale that is more in keeping with the character of St George’s.
“These could include a smaller hotel such as the boutique hotel proposed for the Town, as well as the rebuilding of a club-house for the St. George’s golf course and the small facility on Catherine’s Beach, both of which were destroyed prematurely.
“The first step for any hotel development to take place at the site is to untangle Bermuda from the current, unfulfilled agreement. We support that step,” concluded the statement from BEST.
Charlie Swan referred to this property as “one of Bermuda’s assets” in a recent TV interview. He was discussing the ‘assets’ Bermuda has, saying as they are limited they should be harnessed and utilised to the best benefit of Bermuda and Bermudians.
He said a key term in the lease governing the Club Med property has been breached [that being the time by which construction is to have commenced] and the land has sat idle to the detriment of Bermuda and Bermudians. Mr Swan suggested the lease should be cancelled and put out to tender again.
This plan is the latest of a string for the property which has not been used as a tourist resort for almost 25 years. Prior to closing in 1988, the property was a Holiday Inn, then changed into Lowes, and then taken over by Club Med.
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