Comments on: Bermudiana Beach Resort Submits Application

By: WTF

WTF — Mon, 28 Jul 2014 23:37:11 +0000

Converting this lemon into lemonade is a huge project. The developers/financiers must be quite confident in the direction the country is taking if they are prepared to take this on. If the developers have done proper due diligence by taking all reasonable steps to confirm financial, legal, structural, zoning and environmental concerns and then signing off on all that, then the government would be off the hook should the cliff-side buildings took a tumble. Once all the documentation is finalized and the property changes hands, any liability for damages, etc. would fall to the developer. It will take some considerable time, no doubt, before ground is broken on this project. Hopefully, it will come to fruition and not get bogged down between now and then.

By: Edmund Wells

Edmund Wells — Mon, 28 Jul 2014 13:55:38 +0000

No. The critical difference is that now, the developer should have the risk, not Government. If there are issues with the cliff, the developer should own them. If the units can’t be sold, the developer has the maintenance cost, not Government.

The purchase price, likely very low, simply reflects the poor decision to build the project in the first place. But the sale should end Government liability.

By: Creamy

Creamy — Sun, 27 Jul 2014 21:49:35 +0000

Yes, that’s right. The PLP plan was to have a five-star hotel right next to it. Amazing how a plan like that fell flat on its face, isn’t it.

By: Creamy

Creamy — Sun, 27 Jul 2014 21:41:38 +0000

It’s being repurposed for tourism use rather than as living accomomodation. And as part of it, it looks like the developers are making it prettier and nicer, with a better design. Which is good, because a big part of its problem was its total butt-ugliness and poor design.

By: Creamy

Creamy — Sun, 27 Jul 2014 21:37:38 +0000

Ok then. You folks have all forgotten who built the $60m total waste of money.

By: Triangle Drifter

Triangle Drifter — Sun, 27 Jul 2014 17:21:07 +0000

The terms of the lease/sale have not been made public. Not sure if we really want to know. Likely only pennies of the dollars they cost the taxpayer. There is a glut of rentals empty now. Rents have dropped dramatically thanks to IB being chased off the Island. Take a ride around at night & see how many places are in darkness. Forecloseures are up because people cannot make mortgage payments. No, the banks don’t want the propertys back. What are they supposed to do with them?

I wish the redevelopers of the Grand Atlantic white elephant well. They will need good luck. They will also need a stable Bermuda to work in.

By: Raymond Ray

Raymond Ray — Sun, 27 Jul 2014 17:06:24 +0000

The investors have a plan,(and the money) to rectify the problem with the erosion…There will be different folks purchasing them places and in actual fact, the whole plan is changed from what the former Govt. had planned for that site. As the saying goes, “time will tell”.

By: leagle eagle

leagle eagle — Sun, 27 Jul 2014 16:26:10 +0000

And even if the buyer/owner is the ‘developer’ MacLellan, wouldn’t they only pay the BHC very little??-the same as if the condos were sold locally-at very low distressed prices??

By: leagle eagle

leagle eagle — Sun, 27 Jul 2014 16:01:36 +0000

Don’t understand how this new scheme solves the problem!! Didn’t people decine to purchase/own these condos from the BHC because they’re overpriceed AND concern the $$ invested would be lost if/when the condos become uninhabitable due to beach erosion?? So who’s going to buy/own them now?-just because they can also be rented out??

By: Raymond Ray

Raymond Ray — Sun, 27 Jul 2014 10:57:58 +0000

Yes, I also agree Terry, it’s time to allow the waters to flow under the bridge. Now, getting back to “all the land on South Shore does not solve the problem” That’s true but, if / when it is developed,(according to the plans) it will bring in investors not only to that site but to the surrounding areas…I believe there was once plans for a supermarket across the street and of course there is room for a few more people with ideas…(All will create jobs for locals I pray)

By: Dumast

Dumast — Sun, 27 Jul 2014 00:46:58 +0000

They are empty!!!!!! Did you run out and buy one? Would you make these places a long term investment for your family.

By: Terry

Terry — Sat, 26 Jul 2014 21:12:32 +0000

Let it go Try/Triangle.

You cause more division with you wealthy words than healing.

By: Terry

Terry — Sat, 26 Jul 2014 19:22:58 +0000

But Raymond.
All the land on South Shore does not solve the problems with existing.
Come on dood.

By: Terry

Terry — Sat, 26 Jul 2014 16:58:11 +0000

@ micro.
2. Damn right.
Safety first but it’s all about money.

Now seek advice from the AG as to how you can find the missing $800 million that was lost and not addressed TODAY by the Audit Department of Government and it’s head.

Fu%^in money.

I am sure you know where ‘dislike’ is since your so much in the know.

By: Triangle Drifter

Triangle Drifter — Sat, 26 Jul 2014 16:25:23 +0000

Don’t forget to put a flagpole outside, just for the PLP flag. Maybe one of the Bettys would like to raise it every morning.

By: mixitup

mixitup — Sat, 26 Jul 2014 11:03:37 +0000

@ Micro – now saying ‘you folks’ is racist? Lmao! Paranoind are we?

By: Raymond Ray

Raymond Ray — Sat, 26 Jul 2014 10:48:34 +0000

By: Just wondering

Just wondering — Sat, 26 Jul 2014 10:34:49 +0000

I particularly like the idea of pastel colours, maybe one could be left green in memory of the PLP incompetence!

By: Raymond Ray

Raymond Ray — Sat, 26 Jul 2014 09:15:55 +0000

Need there be more “said”?

By: micro

micro — Sat, 26 Jul 2014 03:41:06 +0000

That land was intended to have further units and I believe a hotel built on it…

By: micro

micro — Sat, 26 Jul 2014 03:40:16 +0000

What is that supposed to mean? “you folks”, sounds pretty racist.

By: Ian

Ian — Sat, 26 Jul 2014 00:57:41 +0000

God you folks are full of crap….

By: Triangle Drifter

Triangle Drifter — Sat, 26 Jul 2014 00:21:47 +0000

Can’t help but wonder how many pennies on the dollar that was put into it that the taxpayer, that is us, is getting back.

It should never be forgotten that was such a waste of money & who wasted it.

By: Dreary

Dreary — Fri, 25 Jul 2014 21:14:46 +0000

May those seeking power, not upset the ability of this project becoming reality!

By: Raymond Ray

Raymond Ray — Fri, 25 Jul 2014 20:51:22 +0000

If I’m not mistaken, there is quite a bit of undeveloped land next to the former “Grand Atlantic”; therefore even if,(and I emphasis the if) the cliff front properties are one day unsafe at least the developer/s will be able to get monies for the new buildings which will be eventually built…

By: Keepin' it Real!...4Real!

Keepin' it Real!...4Real! — Fri, 25 Jul 2014 20:46:13 +0000

nah bigga…its about big business aka:money. we have to make whatever we can to try and avoid a large loss…if they sell it to you and later down the road the shoreline becomes a safety factor ONLY YOU are the one taking the loss not anyone else but if we can juggle dat b!T@#…flip n turn making big paper …then if anything was to happen down the road …hopefully we would of made more than the cost of the project itself…and i’m for that. yah mon

By: JD

JD — Fri, 25 Jul 2014 20:36:44 +0000

Not really. There are a lot of fairly credible people who stated that there is a threat to the structure from erosion over the course of the next few decades. Which obviously makes it unattractive for residential sales purposes, which is what the former government tried to do here.

If someone wants to try and make lemonade out of lemons and refit it for hotel purposes then that’s great in my books.

Doesn’t change the fact that it still might fall into the ocean in 20-30 years and should never have been built in the first place.

By: micro

micro — Fri, 25 Jul 2014 20:31:27 +0000

1. Developer is aware of those concerns and isn’t concerned by them as has been reported.

2. Would you be okay with completely throwing away the millions of dollars spent on that eyesore and total waste of public funds by knocking it down?

By: biggadon

biggadon — Fri, 25 Jul 2014 20:06:33 +0000

Its amazing how this place was an unsafe eyesore that should be knocked down but now it a great place for a Condo/Hotel…. smh…POLITRICKS it never ends.

By: i and i

i and i — Fri, 25 Jul 2014 19:49:51 +0000

Good idea , we want one.