BDA: ‘Not Reflective of a Platinum Period’

January 19, 2011

craig.cannonierBermuda Democratic Alliance Leader Craig Cannonier said “Obviously it is sad to hear of the receivership of the Newstead/Belmont Hill resort. This is sadly yet another indicator that all is not well in Bermuda’s tourism industry and is certainly not reflective of a platinum period in tourism.”

This past Monday [Jan 17] the Newstead Belmont Hills Golf Resort & Spa was placed in receivers’ hands after the Bank of N.T. Butterfield & Son Ltd. called in a multi-million dollar loan.

Receivers Ernst & Young said “Operations will continue to run under the management of the receivers. The receivers do not anticipate any immediate impact on the day-to-day operations of the businesses.The receivers will focus on reorganizing and restructuring operations to facilitate business continuity with a view to a sale of the assets as a going concern.”

Mr Cannonier continued on to say that “What in fact is of the most concern is what has become a deafening silence from the Premier regarding a faltering economy. Sadly the country is forced to wait for the budget be told what will be done to rescue the country from its current financial crisis. Silence leads to speculation which leads to uncertainty.”

“We should be doing everything in our power to give assurances to our international business and tourism partners that Bermuda wants them. We should do what it takes to ensure the survival of these pillars of our economy. Leadership starts at the top and at the moment that is lacking. We call on the Premier to end some of the uncertainty and fill in the gaps. The country cannot afford to wait.Look at what has been proposed by others. We are willing to assist.”

The Premier and Tourism Minister’s comments on Newstead can be viewed here, and Shadow Tourism Minister Cole Simon’s statement can be found here.

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Comments (17)

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  1. The truth shall set you free says:

    “Mr Cannonier continued on to say that “What in fact is of the most concern is what has become a deafening silence from the Premier regarding a faltering economy.”

    What a shock. Paula Cox resided over the last several years of financial mismanagement as Finance Minister, and no she was not a cog in the wheel, as she claimed to be. Just because she has a friendlier demeanor and more personable than the last Premier, doesn’t mean she isn’t a snake in the grass in their own right. Smiling faces tell lies….

    • Bottom Line says:

      Paula Cox will continue to say very little because the policies adopted by the PLP inner cabinet have been a failure and she knows it. It is in her interest to keep quiet. Get used to the deafening silence. And don’t forget to vote PLP.

  2. Yng Black Mind says:

    This is a prime reason why I can not support the BDA – - Statements like theses are nothing but political grand-standing – - when they have not proven themselves to be able to even stand yet!

    The Premier and the Minister have provided statements, as well as the Shadow Minister for Toursim – - this is sad excuse to be included in the political discussion – - like a whinning child in class screaming from the corner, “PLEASE, DON’T FORGET ME!”

    Sad – - very sad

    • 32n64w says:

      “The Premier and the Minister have provided statements, as well as the Shadow Minister for Toursim”

      So you presumably will not support the PLP either given they have limited their actions to providing similar “statements” which are devoid of any proactive measures … much like the former Premier and Tourism Minister who also provided numerous “statements” and briefings but failed on any meaningful deliverables.

      I guess this leaves only the UBP as an option for you. At least they actually did something by building a strong & robust economic & legal foundation (which the PLP inherited and subsequently squandered on self serving/preserving flights of fancy).

      • Yng Black Mind says:

        32n54w – - you are clever in your statement; however, you have missed the obvious in regards to my post. Yes – I called out the BDA on their political moves – - however, all parties are targets in this. I do not let the PLP or the UBP off on this particular “hook.”

        Talking to me about the former Premier/Tourism Minister is old hat and a waste of my time in regards to meaningful dialogue – - we get it – you didn’t like Dr. Brown, you think he was a thief, he was a demon in a silk suit – whatever.

        Yes – I admit that the current Premier has not answered all of the questions people have raised about the state of the country – - HOWEVER, we are less than 2 weeks away from the budget? From my standpoint, I do know that the Premier has been very serious with your team and the government in regards to cutting cost and sticking to the promised 150M in saving to the country in 2011

        What I do not understand is this need that people feel that she needs to answer you on every issue you might have? I am a firm believer that the government should be accountable – - if the budget is not sound and feasible, I will be the first one to say so – - not only to the government but to their opposition as well. We all need to be involved in solving this problem – -instead, we enjoy watching and cheering on our politians as they fight amongst themselves and nothing gets done. As everyday passes, my spirit is leading me to do something dramatic – - picture this – - a Bermuda who has a government and an opposition whose only goal is the betterment of the country? sounds great, huh?

    • Triangle Drifter says:

      So…The Premier & Tourism Minister have issued ‘statements’! Well…Whooop Deee Dooo! A growing number are getting tired of that Kool Aid. As long as enough sheeple can be decieved all is good.

      Did they come up with any solutions? Nope. Why? Because they don’t have a clue of what to do.

      Some of the sheeple want to hear some solutions from the UBP & BDA. Why? The UBP/BDA/masses of fed up people are not the Government. You, the sheeple voted the PLP in not once, not twice, but three times. YOU are responsible for this financial disaster.

      Deal with it or get out.

      • Yng Black Mind says:

        T Drifter – - again, missing the point – - you are saying that the people of Bermuda are to blame for the economic diaster that hit the world in 2009/2010? I admit that the current government needs to do something to curb the crisis, but I think it is a bit much to blame the government (right now) for this problem – - some of them, maybe – - but not the government.

        Your charge to deal with it or get out is laughable – - it is because of that thinking we will always find ourselves in this situation – - if we change the government, will the crisis go away or simply vanish? NO. Our political parties need to work together to solve this problem – but THEY ALL just are looking to score points and win votes – - AND IT IS THAT WHICH MAKES ME SAD FOR MY COUNTRY – - I am not anti-BDA, UBP, OR PLP – - and neither am I pro-BDA, UBP, OR PLP – - I am a nationalist – - Bermuda First – period. So I will not and can not “get out”.

        • LOL (original) says:

          Co-sign we need balance.


        • Triangle Drifter says:

          Bye, you have overdosed on the Kool Aid. If the voters of this Island did not put this bunch of incompetents in power, who did? The PLP government ignored warnings from economists of impending world recession & told everyone that every thing is fine. Don’t worry. It is the PLP Government that told anyone who tried to say anything that they did not know they were talking about.

          The very Finance Minister who sat by & let the Island get $1B in debt is now PREMIER! Go figure that one! By one calculation interest on that debt is $100,000.00 per DAY! This is not Monopoly money. The box can’t be closed & it goes away.

          Look around. Small cities & towns with similar populations as Bermudas are slashing budgets 30-40%. What happens here? A bunch of mumbo jumbo. The PLP has no answers & they don’t want to listen to anyone who does.

  3. The truth shall set you free says:

    I think the time has come for a systematic change in our political system. I, for one, am sick of the whole PLP/UBP dynamic. We need a Government run totally by independents, which hopefully will breed a system of accountability where every elected politician operates with the fear that they can be voted out for incompetence. The PLP know they are firmly entrenched as Government, and their actions speak to that.

    The BDA will continue to split votes with the UBP, in fact their very existence makes it very possible that the PLP will increase their seats next election. So much for progress( shrugs)

    • Yng Black Mind says:

      Truth – - I completely agree – - I will love to stand as an independent candidate and push for the proper change for our country!

    • Dragging A Lure says:

      The truth shall set you free,
      Prior to party politics, Bermuda had that type of government for approximately 300 years.(Independents). It is rumoured that the candidates belong to a particuliar group (not party) and they say that they were endorsed at a particuliar boating club. I’m quite sure, that the majority of a particuliar segment of the Bermudian population will support your ideas because they represent . breed a system of accountability where every elected politician operates with the fear that they can be voted out for incompetence. The PLP know they are firmly entrenched as Government, and their actions speak to that.

      The good ole days


    • Triangle Drifter says:

      I’d love to see the end of political partys. Go back to indepenents. Proportional representation. Every voter pick top 10. Top 36 are in. Those 36 would have to decide who will be minister of what & who is going to sit on which committees. Everyone would have to serve on a minimum number of committees. NO more seat warmers voting as they are told to vote. No more professional polititians who could never hold a job down anywhere else. Just people who want to serve for the good of the Island.

      Alas, I’m dreaming again.

      • UncleElvis says:

        But… but… according to Dragging A Lure, if I may paraphrase, “A vote for independents is a vote back to the plantation!”

        AMAZING the rhetoric… and COWARDLY, racist rhetoric, with all the veiled references and sideways statements, designed to give deniability (i.e. “When did I bring up race? You brought up race!” as a defense/misdirection)… some people will use.

        Sickening, really.

        • LOL (original) says:

          Just another ROCKSOLID ehh Elvis. PLP PR at it’s best………………….


        • Dragging A Lure says:

          Maybe you can try but you can’t change history. Ha Ha Ha
          I was one of the Independents that was selected from that group at that particuliar boat club. Did well as an Independent. First hand knowledge. Plenty of agreement on who cannot vote. Ha Ha Ha
          By the way, many thanks for your continued votes and I really understand why you would like to go back there. Ha Ha Ha

          Call It want You Want UncleElvis



          • UncleElvis says:

            Well done,Dragging, going straight for the racist personal attack, based solely on my skin colour.

            Thanks for proving my point. I WILL call it what I want. In fact, I DID call it what it is… “COWARDLY, racist rhetoric”.

            I wasn’t trying to change history… you were, with your silly innuendoes and childish wordgames.

            Ah, well. You’ve pretty much shown yourself to be nothing more than a PLP propaganda merchant who will stoop to any lie to defame anyone that doesn’t support the party 100%.

            I don’t really have to say anything else to you, do I?
            You’re not interested in anything other than your agenda.

            Shame, that.