Vexed Bermoothes

Blustery Opinions From Bermuda

Vexed Bermoothes header image 2

Park Hyatt Act Approved, Lease Unseen

September 17th, 2008 · No Comments

In the Senate this morning, the Club Med Act was approved.  However it was agreed that the lease could be tabled in the House of Assembly and the Senate — not for debate as the UBP had requested, but for public information.  The timeframe when that will happen is unknown. 

It’s clear that a compromise has been struck - but it’s a lousy one. Essentially our Legislature has approved one of the largest real estate developments in Bermuda history without knowledge of the economics of the deal.

That’s PATI Bermuda style:  let the public know about it, after it’s too late to be useful.

Tags: Development · Tourism