That being said, seems to me a moratorium on building IS a workable solution. In fact it is the only thing that makes any sense at all at this time.

SpecialGirl and LaVerne will probably come on there and say he was “misconstrued”.

Furbert, by the way, said yesterday that the ‘major luxury hotel announcement for 2012′, which Cox boasted about in the budget 2 weeks ago, is now planned for 2013.

They wouldn’t know the truth if it hit them in the face with a fish.

From October 26th 2010

http://bernews.com/2010/10/2-2-billion-hotel-development-over-10-years/

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$2.2 Billion In Hotel Development

October 26, 2010 · 9 Comments

Premier and Minister of Tourism Dr Ewart Brown held a press conference today [Oct 26] to address the Tourism third quarter. One of the things he addressed was hotel development saying there is “approximately $2.2 billion earmarked for hotel development on the island for the next 10 years”.

The Premier continued on to say that “despite the worldwide economic downturn, it hasn’t deterred investors from demonstrating continued confidence in the Bermuda product,” and that as he prepares to finish his term as Premier he is “pleased to leave a number of hotel development projects in the pipeline.”

Hotel Developments the Premier listed include:

Tucker’s Point Hotel & Spa, the first luxury hotel to be built in Bermuda in more than 35 years, has entered into a Letter of Intent for Rosewood Hotels & Resorts to become the property’s operator.

Last week I announced that the Park Hyatt Hotel in St George’s is set to break ground in 2011 and we are elated.

The 9 Beaches resort is also scheduled to reopen in 2011, with the first phase of its development complete. This will include upgrades to 49 existing cabanas, development of 12 studio units and 8 two-bedroom villas. There will also be a new restaurant, swimming pool, offices, access road and staff accommodations. Phases two to four of this project are expected to span a two-year period and will include 120 leaseback units.

The Par-la-ville Hotel and Residences will be developed under the Starwood flag in Hamilton. It will include 140 guest rooms and suites, and 80 residences. There will also be two restaurants, a spa, wine bar and library. The developers are presently working to extend their exclusivity agreement with the Corporation of Hamilton. The project is expected to provide numerous benefits to the city of Hamilton, and Bermuda in general.

The redevelopment plans on the Coral Beach and Horizons site continue as the new Four Seasons Resort. Construction is expected to commence also in the fall 2011. This property is expected to have 150 hotel rooms as well as 80 fractional units. The existing clubhouse and tennis facilities will also be upgraded.

We are now in the final stages of the legal exchange of land between government and the developers of Morgan’s Point and Southlands. The site will be developed in phases, which includes an 80 room Boutique Hotel and 262 adjacent condominiums. There will also be a further 325 room Luxury Hotel and additional fractional units. An 18-hole Trophy Golf Course and Clubhouse will also be built.

In an effort to add to the amenities available for our visitors and locals alike, a proposal has been made by a Bermudian company to construct a themed water park on a portion of the land remaining at Morgan’s Point. These are early days but the preliminary designs are exciting.

Lantana is being redeveloped as a cottage colony with one, two, three and four bedroom suites. There will be between 80 and 100 units. Construction begins in February 2011 and will be managed by Moongate Resorts.

The Coco Reef Villas, a 66 unit lease back facility has been approved for construction.

The groundbreaking ceremony of the Grand Atlantic Resort was held July 2010. The resort will consist of 84 guest suites, restaurant, bar, pool, spa, conference facilities and beach club. Also 125 new affordable homes will also be constructed on the site.

Development plans are also in progress for Munro Cottages, slated to be 26 two-bedroom hotel suites. The facility also includes a pool, restaurant, beach and sunbathing decks.

The PLP comes along & says they want to build these things i.e. the PLP Government is the developer.

Gilbert Lopes, being a whole lot smarter & business savy than the whole of the PLPs best brains together, gets the contract to build, making sure that he gets paid no matter what. Good business on his part. He is not there for love or votes.

Now there is talk of stopping the project, after Gilbert Lopes has committed his recourses in time & money to build the whole thing.

Guess what folks….there are penalties to pay for broken contracts. Gilbert Lopes is not the BIU which does whatever it pleases contrat or not.

This was a bad idea from day one. Guess who pays? Not the PLP Government that signed on the dotted line. No, not them. Just add it to the nearing $2B debt pile that the PLP has run up in the past few years.

How does it get paid for? Who knows? Who cares?

I don’t understand what people are missing. It can’t be suspended, that’s the f-ed up thing.

If it could have been stopped, would have been stopped long time.