for the panels report, the answers to questions 4, 5, 6, 7, 10 and 17 require more detail.

If we honestly consider the tremendous political, personal and professional pressure that the panel was under, some of their carefully chosen comments should have been expected.

Question 7 appears to be the most critical. If all of the analysis turns out to be incorrect, there will likely be a downgrade in Bermuda’s credit rating that will negatively impact international business and cause them to consider relocating.

That issue alone should give cause for everyone to pause and fully consider the assumptions etc. that are included in the airport analysis.

Simple question – is Bermuda’s economic future worth the risk of a new airport.

It’s right in the first 5 seconds of the video. I haven’t watched the whole thing, only the five seconds before I can skip it.

The only reason these individuals integrity are being questioned is because they didn’t give the answer you and others desperately want.

The fact that the PLP Government refused to disclose the financial details and would not answer any questions that were asked repeatedly means they have something to hide.

It is estimated BY DAVID BURT that Aecon’s shareholders will receive a minimum of $300 Million in dividends over 30 years before Bermuda gets any revenue sharing. No one else has come up with that number.

were all the panel members affiliated with the OBA? I don’t see where it says that.
Does the PLP have any finance professionals they could have appointed?

I question why the Finance Minister did not allow the PLP to appoint one or two people to this Blue Ribbon panel? This panel has achieved nothing as their ‘independence’ is being questioned; a bi-partisan panel should have been appointed instead.
The protests will continue and will only get stronger. To silence the critics and gain more support, I believe the Finance Minister should have allowed PLP appointments to this panel.

What plan is this? Why do you just make stuff up? Is it the only way you can continue playing the victim?
I guess it would have been acceptable to you to just give away $800M.

Frankly this type of question needs to be asked by reporters of the protestors tomorrow. Let’s find out exactly how much knowledge about this deal they have and whether or not they understand the financial aspect of it at all.

We’ve seen the likes of OJ claim that a qualified audit is a good thing because it is undertaken by a qualified person.

Let’s hear from the protestors which valuation method should be the best one for this project and why, for example.

This is factually incorrect. What it seems that Burt is doing is confusing IRR with annual return on equity so he is multiplying 15.9% by $69m by 30 yrs. An IRR is a return OVER THE PERIOD OF INVESTMENT NOT ANNUAL. Upon reaching an IRR of 15.9%, the Bermuda govt will share in revenues 50/50. Under base case model, this is estimated to happen in year 10. So, we will be sharing 50% of all revenues each year after that. (I asked the Ministry of Finance for that info, and they gave it to me. It wasn’t hard.)

The panel at the recent Town Hall was composed of two clueless ministers and a PR person. They are a party of sound bites and misinformation.

These individuals are respected in their various fields whcih are primarily if not all finance related. They have all been involved in numerous complex deals, amalagmations etc. heck, one of them even oversaw the hospital PPP development. So he was good for the PLP project but now has no integrity for this PPP development?

I can easily say that I would put more faith in the opinion of these individuals as opposed to ones of a reverend, union leaders, a radio talk show host, that have absolutely no experience in such deals and a political party that oversaw the decimation of our national finances.

I have a feeling, however, no matter the experts opinion on this project you and others will not accept a different view.

By the way, we don’t say it enough; thank you to the many men, women and students that give of their time to assist.

However, he / she would have given two thumbs up with the PLP airport which was forecast to cost 2X more and no plan on how we would pay for it. With every single government project that they put out to tender (much smaller projects I might add) they went millions or tens of millions over budget. Some example Berkely, Dame Lois Bldg, Port Royal, Cruise ship pier and so on. Port Royal went millions over budget and much of that project involved moving dirt around! Imagine the cost if they actually built something! So OJ exactly what do you propose we do!

Let me guess – borrow? Okay so lets say we do that. Ever borrowed money to buy a house? If you have, you would know that even with a 20% deposit meaning you borrow 80% – by the time you pay off that loan it actually costs you 2X the amount
borrowed!!!!! What will your true cost be. Crunch the numbers and get back to us. Surely you have had time to come up with a plan between marches!

In fact any PLP minister, backbencher, BIU member, anyone (we know you are reading this), please explain how you realistically expect to pay for it?! You have had almost two years to come up with a plan and I haven’t heard anything? Well except for that bonehead / Trumplike idea of getting the international business to pay for it. If you have a great finance plan, please expect why you didn’t exercise the same when you privatized the hospital? Why was the hospital a good idea but not the airport! Many millions were raised for the hospitals thru donations from companies, families, trusts and generous philanthropists. Many pieces of equipment, time and labor donated by companies , doctors, St. Johns, the pink ladies, Do you honestly think you will get people to donate free time to work at the airport? Do you think people, families, companies will buy airport equipment! LOL. If you do I have a bridge in San Francisco to sell you!