Arbitration may be necessary if Baha Mar and the government fail to reach an agreement on the amount of money the government will pay the developer for road works associated with the resort.
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Responding to questions whether one of the Baha Mar hotels is in substantial arrears with BEC, a Baha Mar executive said the company is focusing all resources on ensuring that Baha Mar opens successfully.
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Baha Mar marks another milestone in a year of substantial progress by announcing its senior operating executives for Rosewood at Baha Mar, Grand Hyatt at Baha Mar and Mondrian at Baha Mar.
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Deputy Prime Minister and Minister of Works Philip Davis said that his ministry is in negotiations with Baha Mar officials to determine the “just” payment the government owes the developer for road construction associated with the project.
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A well-known architect is “worried” about the $2.6 billion Baha Mar project’s prospects for success.
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