{"id":38744,"date":"2013-08-27T08:50:28","date_gmt":"2013-08-27T12:50:28","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=38744"},"modified":"2013-08-27T08:50:28","modified_gmt":"2013-08-27T12:50:28","slug":"govt-proposed-lease-of-reclaimed-crown-land-to-nygard","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2013\/08\/govt-proposed-lease-of-reclaimed-crown-land-to-nygard","title":{"rendered":"Gov&#8217;t. Proposed Lease Of Reclaimed Crown Land To Nygard"},"content":{"rendered":"<p><a href=\"https:\/\/www.bahamasb2b.com\/news\/2013\/08\/govt-proposed-lease-of-reclaimed-crown-land-to-nygard-38744.html\/nygard-peter-2\" rel=\"attachment wp-att-38745\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-38745\" title=\"nygard-peter\" src=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2013\/08\/nygard-peter.jpg\" alt=\"\" width=\"500\" height=\"375\" srcset=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2013\/08\/nygard-peter.jpg 500w, https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2013\/08\/nygard-peter-150x112.jpg 150w, https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2013\/08\/nygard-peter-250x187.jpg 250w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a>The Government proposed a 21-year lease of reclaimed Crown Land at Nygard Cay to its fashion mogul owner, with an annual rental rate pegged at $25,000.<\/p>\n<p>Documents reveal that the Christie administration sought to justify the lease on the grounds that it was needed to support an \u201cestimated $50 million touristic development\u201d at Nygard Cay.<\/p>\n<p>The August 3, 2012, letter from Richard Hardy, the Department of Lands and Surveys\u2019 acting director, provides the first concrete confirmation that the Government was assessing its options for granting a Crown Land lease &#8211; the issue at the heart of recently-launched Judicial Review proceedings.<\/p>\n<p>The letter, described as a Memorandum, does not go into detail about the nature of the tourism project proposed by Peter Nygard for his Lyford Cay property.<\/p>\n<p>However, the $50 million sum referred to matches the figure discussed at a meeting between Mr Nygard and Bahamas Investment Authority (BIA) officials, which was held two months\u2019 prior to Mr Hardy\u2019s letter.<\/p>\n<p>Previously obtained notes of that June 2012 meeting revealed that Mr Nygard was proposing a $25-$30 million investment to rebuild his fire-destroyed Nygard Cay home, with the balance earmarked for a stem cell research and treatment facility targeted at medical tourism. It would thus appear this proposal is what Mr Hardy is referring to.<\/p>\n<p>Mr Hardy\u2019s memorandum, addressed to the permanent secretary in the Prime Minister\u2019s Office, and which bears the director of investments\u2019 (Joy Jibrilu) stamp, dated August 15, 2012, is headed: \u2018 Proposed Lease of Land at Nygard Cay for a proposed touristic development\u2019.<\/p>\n<p>Referring to an August 1, 2012, missive he had received, containing two proposed \u201cplans\u201d, Mr Hardy disclosed that the minister responsible for Crown Lands &#8211; who is Prime Minister Perry Christie &#8211; had decided to lease a portion of the reclaimed seabed at Nygard Cay to Mr Nygard.<\/p>\n<p><a href=\"http:\/\/www.tribune242.com\/news\/2013\/aug\/26\/government-proposed-21-year-lease-reclaimed-crown-\/\" target=\"_blank\">Read More at The Tribune<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Documents reveal that the Government proposed a 21-year lease of reclaimed Crown Land at Nygard Cay, with an annual rental rate of $25,000. <\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[],"class_list":["post-38744","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/38744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=38744"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/38744\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=38744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=38744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=38744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}