Failing that, reliance on better judgement comes into question !

Have we all with out question been let down, ignored and discounted ?

Hardship becomes a sad state of affairs, to say the least !

When the people loose that TRUST bound in credability due to Bermuda and its people, consequently and unfortunately the future does not leave this country and the rest of of us , not much HOPE.

This present situation is where, at this critical time in our history the loss of HOPE for a better life for me my family my friends and the people of Bermuda leaving us very little of all , but to shed a tear !

I am going to ask you as nicely as i know how for you to stop throwing the tax payer money away .

Are you having a crew painting the place pink now ? it is going to take more tha pink.

You are not going to get people to pay the rents as they just do not have the money to even to cover 50 % the annual norm.

Normal net return is usually half of gross annual that is if you are lucky .

The 20 % inflation killed the goose that layed the golden egg .

” Bermudiana ”
with out doubt is the perfect way to make a
“home away from home”
make ithappen.

BOOKINGS
get unit deposit cancelations key that next time .
Do not compete with other tourist properties embrace them.
Promote winter vacations.
Establish a central busking office.
Do pre paid vacation plan only with a one day deposit up front
In house by direct bookings by phone with reverse charges by credit to room rate .
Get losts overseas agents.
Use our very own tourist dept for bookings. ” BOOK BERMUDA ”
Take bookings from down at the airport.
Commision to taxi drivers
Tag on to our local conputer e mails.
Link up your computers .

The word BEACH has to go that is no a real beac

So we have no choice but to make as they say lemon aid from lemons .

The people here just need to embrace the situation with some enthusiasm

Who says we cant rent to visitors well as live in staff.

We can alway sell as a going concern when the market is ripe for it .

We will giving jobs the bermudians at Bermuiana .
Bermudians can manage the business .
hey ! We are not stupid . just need a good GM

Firstly we all need to stop fighting wth one another over ” Bermudiana Beach “.

Time have come to do something about it an that is NOW .

There is nothing to stop government usin BHC continue with their program an stop competing with them .

Let me say the is no such thing as a perfect building, let me put it this way a bedroom is not a bedroom untill you put a bed in it.
I can at this point see what we have it is a a group of buildings on the south shore presently set up as hotel ready to go.

We can not afford any further money swapping back wards a everywhich way we deciding it uses should or could be for .

it is a fact that the property is present is not suatsable for local rental the rents would be out of this world .

We need to stay with what we have just now for our family visitors as a long term ” bus mans holiday” simply because the units there are similar units in the USA as i have stayed in one in Florida.

This is where families could bring their children, long term and get the a better rate.

Good for the kids are our of school for summer holidays.

Planning open the FOOD MART down the road next door break some rules

The one bedroom units will work for the day trippers
You found spelling errors bully for you, not me its Apple.
i have an excuse for every thing …….. almost !
Thank for readind this is all food for thought ,

With this project, we have something to show for it….until it falls into the ocean long before we recoup anywhere near the cost to build.

It’s not failed, we just spent multiples of what it would cost if it was someone who actually cared about the budget and not helping the F&F…..

You want to do battle with me , do not waste your time , there are biger things the the tax payers need to concern them selves with .

We have a country in dire crisis .

Of the 26 years of employment with the Bank of Bermuda Ltd I worked 10 of those years with Mortgage department of the bank.

The Bank did require Comprehensive Home Insurance to cover the full value of the house with exception of tank foundation and cess pit which were considered not to burn .

The bank required the policy to be endorsed in favour of the Bank as Mortgagee as their interest may appear .

However Bank’s policy did not insist on Term life insurance tied to the remaining balance owed by insuring the principal owner they could only presume smart people purchase personal life insurance .

Other lender most likely went with their own alternate policy matters .

As for what you say about mortgage requirements, I have never had a mortgage from BHC so I do not know. But if what you say is correct, the BHC has more stringent mortgage requirements than Bank of Bermuda used to have.

We the Bermudian Tax payers of Bermuda as our interests may appear .

Bermuda and Bermudians are not prepared to wait 30 years as the value of the currency only depreciates further.

We want all of our tax money back including all insured costs expenses incured debts , fee and charges including the value of the land all building construction and equipment.

No less than 100 % of all .

Our tax money is paid by us in good faith collected to be held in trust by the Government on behalf of the Bermudian people not squandered on failed speculative projects.

I said “dedicated employees ” and will also include the past General Managers. Mr. L.C. Mr. J.G & Mr E.C.

There were no attempts to favour or dissuade or require any Bermudian applicant preconseived or other wise or any thoughs of racial or political affiliation during the OBA’s tenure of the B.H.C.

Other policy requirements, the applicants should own a mortgageable residential domestic building lot free and clear of mortgages and other debts .

The principal property owner must be in posession of a term life insurance policy for the reducing amount of and duration of the mortgage loan .

Builder construction insurance was required for the account building contractor prior to the start of construction to completion and through hurricane season .

Owner were required to hold a home owner policy for the duration of the mortgage .

Original cost of build $40M
Spend to convert to Hotel $100M
Addition cost to convert back to apartments $9M
Exit fee to Hilton $0.5M

$149.5 million dollars vs $40M of original build. It cost 374% more than originally planned. Oh, and that money has all been borrowed, so please factoring the cost at 5% every year. This is and was another one of the PLP’s EPIC FAILURES (except for the friends and family who benefited of course, to them it was an excellent feed at the trough at Mr and Mrs Bermuda’s expense)

With 11 of 14 members appointed by the Minister, it is hardly independent.

B. H.C. A quango ,with out doubt can claim that their team of dedicated employees performed devoid of polatical persuasion a monumental achievement by building “hundreds of standard Bermuda homes with rental units included ” for the people of Bermuda.

Vance Campbell said something similar when he crossed the floor. He said the PLP were very good at politics but not at governing.

Well, I would not call it a successful project, not as Grand Atlantic housing, and not as a hotel (which never happened).

We do need to get SOME value for our investment. According to former PLP Senator and MP Vance Campbell, we were paying in excess of $150,000 per year to maintain the empty White Elephant/Grand Atlantic/Bermudian Beach development in 2018.

See https://bernews.com/2018/11/senator-answers-questions-on-grand-atlantic/

Several months ago, Burch was saying taxpayers would be refunded by the sale of the units. No chance then and worse now.

Where has the opposition disapeared too on all of this?

The beach looks like Normandy on steroids .

Why have they let it this go on for so long to scramble up some tennants.

Why do you think that potential tennants who are hourly workers went to the BHC in the first place . AFFORDABILITY !

That will keep Governments in Realestate business pulling at straws on te public purse.

MR . QUESTION .
They are not going admit that the costs and the project got out of hand as when watched the costs go through the roof.

Who did the feasibility study on that project ?

“Affordable Housing” could be an election promise or ploy .

Where and why did Sonesta Beach and the implosion above st Catherine’s Fort go ?

Why are there so many un told stories and secrets ?

Nothing in Bermuda is afordable as we are living a two tier economy riddled with inflation. .

The PLP build affordable housing in areas strategically to increase their voter base in marginal seat areas , so they could get the seat at the following elections in order to gain and retain power. it had nothing to do with helping Bermudians, but instead helping themselves retain power, just like everything the PLP does, its about power and party , not Bermuda and Bermudians.

Yes it is. It is the epitome of failure. Over $200m of taxpayer dollars wasted. And borrowed money is still being poured into it.

It is a monument to PLP incompetence.