Hashtag: #MorgansPoint
Column: OBA’s Fahy On Morgan’s Point & More
[Opinion column written by Michael Fahy] As the public is aware, I have been asking questions of the Government about what is happening at Morgan’s Point. My questions have been legitimate [especially due to its historical connection with Southlands] so that the people of Bermuda can gain a full understanding of what progress, if any, is being made... Read more of this article
Column: DeSilva On OBA, Morgan’s Point, More
[Opinion column written by MP Zane DeSilva] MP Michael Fahy and the OBA’s recent call for “clarity” on Morgan’s Point leaves out one important fact: he and his OBA colleagues were part of the Cabinet that approved the $165 million guarantee that collapsed and left Bermudians holding the bag. MP Fahy served in the OBA Cabinet that made this horrendous,... Read more of this article
Column: OBA’s Fahy On Morgan’s Point & More
[Opinion column written by Michael Fahy] The people of Bermuda deserve clarity on Morgan’s Point. In mid-August, I posed a number of questions regarding the status of Morgan’s Point. By way of reminder, I asked: How does the recently proposed medical tourism facility tie into the plans announced by the Premier in 2024, where the Premier announced... Read more of this article
Minister Updates On Morgan’s Point Plans
The feasibility study for Morgan’s Point is now underway and the “updated model will allow the Company, and by extension Government, to consider a range of options for the site’s redevelopment,” Minister of Housing and Municipalities Zane DeSilva said. Speaking in the House of Assembly, the Minister said, “I rise today to provide... Read more of this article
Fahy On Facility MOU, Morgans Point & More
“The recent announcement by the Government about the medical tourism project to be located at Morgan’s Point raises a number of questions,” OBA MP Michael Fahy said. Mr. Fahy — the Shadow Minister of Housing, Municipalities and Home Affairs — said, “My colleague, the Shadow Minister of Health, Robin Tucker, has already... Read more of this article
Government Issue RFP For Morgan’s Point
The Government has issued a Request for Proposals [RFP] for “architectural design and support services in providing planning, design and other support services for the Morgan’s Point development project.” The document [PDF] said, “The purpose of this Request for Proposals [RFP] is an invitation by Morgan’s Point Development... Read more of this article
Cabinet Approves Morgan’s Point Project
[Updated] The Cabinet has approved the completion of Morgan’s Point, with 101 residential units planned for phase one along with an amenity village with restaurants, shops, a boardwalk and more, with the Premier saying that “initial cost estimates for this first phase are $130 million.” Premier Burt tweeted the images below, saying: “Exciting... Read more of this article
‘Managing Site To Secure Return For Taxpayers’
“We want to put the land on which the failed project sits into productive use and generate cash returns that will eventually return funds to taxpayers,” Premier David Burt said said, adding that “today’s tabling of the Morgan’s Point Company Act 2022 is the first step in that journey.” Speaking in the House of Assembly today... Read more of this article
Minister Updates On Caroline Bay Situation
To date the Caroline Bay developers have not paid anything on the claims outstanding and the Joint Provisional Liquidators are assessing the affairs of the company and will engage in a process to sell the company’s assets to raise funds to satisfy creditors’ claims. This was from Minister of Finance Curtis Dickinson in the House of Assembly today... Read more of this article
Govt Starts Legal Proceedings Over Caroline Bay
The Bermuda Government has “commenced legal proceedings intended to place the assets at Caroline Bay under the control of Provisional Liquidators.” Last year Finance Minister Curtis Dickinson confirmed that the developers defaulted on their loan, and since the previous administration provided a guarantee of up to $165 million for the project... Read more of this article
’42 Of 46 Subcontractors Have Now Been Paid’
The Government confirmed that 42 of 46 subcontractors at the Caroline Bay project at Morgan’s Point have now been paid, and said they “continue to work with our advisers and the developers to find a way to best protect the interests of the people of Bermuda.” Late last year Finance Minister Curtis Dickinson confirmed that the developers... Read more of this article
Govt Completes Purchase Of Caroline Bay Debt
The Ministry of Finance announced today that on October 7th it “successfully completed the purchase of the Caroline Bay project loans that were subject to Government of Bermuda guarantees.” A Government spokesperson said, “”On September 13, 2019, Minister of Finance Curtis Dickinson tabled an amendment to the Government Loans... Read more of this article
