My Morning Paper 30 July 2025 – “New Day” or Groundhog Day? – The Grand Lucayan Debacle, PLP Style

Welcome to yet another episode of Incompetence in Technicolor, brought to you by the “New Day” Progressive Liberal Party – masters of cancellation, non-communication, and high-maintenance hotel holding.

Let’s be clear: the Grand Lucayan resort has become the political equivalent of a cursed timeshare – passed from one administration to the next with increasingly terrible terms and an uncanny ability to hemorrhage taxpayer dollars like a government ministry with no oversight. The Minnis-led FNM bought the white elephant in 2018 for $65 million, vowing a quick flip. That flip never came. But when the PLP took office in 2021, they did what they do best: cancel the existing deal – you know, in the “best interest of the Bahamian people”, of course – and promptly sat on it like a sunburnt seagull, spending over $1.5 million per month in maintenance (read: bleeding out $63 million) while doing… well, not much.

Fast forward to 2024 and here comes a shiny new deal announced with the pomp and media fanfare of a royal wedding: $120 million sale to Ancient Waters Bahamas Ltd., a Bahamian subsidiary of U.S.-based Concord Wilshire Capital. There were promises of $827 million in total investment, a timeline, phased construction, beachfront revitalization, golf course resurrection, unicorns, rainbows, etc.

But wait – the fine print seems to be missing one minor detail: Has the deal even closed yet?

To date, the Davis administration has not confirmed whether the $120 million is in the treasury, in a bank account, or under somebody’s mattress. And now, the developers – bless their patience – are tapping their watches and asking a rather basic question: “When will the airport be ready?” Because, you know, it’s a bit hard to plan a luxury resort if guests need parachutes to arrive.

And in a moment of quiet but brutal honesty, Adam Petrillo of Concord Wilshire said the project’s timeline hinges on the redevelopment of the Grand Bahama airport. Translation: No airport, no resort, no tourism, no money.

Oh, and about that “demolition” they were “on track” to start? Apparently, the earlier demo showcased in the media was about as real as a PLP campaign promise – a flashy show for cameras, followed by… nothing.

So, what’s the hold-up? Is it the missing $120 million? Is it the complete absence of timelines? Or is it just that the PLP – the self-proclaimed saviors of Grand Bahama – are too lazy, indecisive, and organizationally allergic to closing the deal? Given their track record, all signs point to the latter.

Let’s not forget: this is the same government that unilaterally tore up the FNM’s deal, claiming it was a bad one – then proceeded to burn nearly as much in holding costs as the FNM paid for the entire resort. Bravo.

And now, with their usual flair for projection, the PLP is accusing critics of being “anti-Grand Bahama” – a desperate attempt to deflect from their own textbook bungling. They’ve even dusted off a classic Ingraham quote – “Whatever is good for The Bahamas is bad for the PLP” – and rebranded it as “Whatever is good for The Bahamas is bad for the FNM,” trying to imply the FNM opposes progress. Ironically, the only thing bad for the Bahamas right now is the PLP’s total inability to govern competently.

To be clear: this isn’t just bad luck. It’s not bad timing. It’s bad governance – the sort that could only come from a party whose greatest enemy isn’t the FNM, but their own lack of focus, follow-through, and functional administration.

The PLP fails not because the deck is stacked against them, they fail because it is in their nature.

END.

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