Baha Mar Workers Rally In Support Of Developers
Photo via Facebook
It appears safe to say Baha Mar workers, idled by the $3.5 billion mega-resort’s Chapter 11 bankruptcy filing, are siding with the former in the impasse between the developers and China Construction America, their primary contractor. Hundreds of employees rallied last week at the Baha Mar site in a show of support for Sarkis Izmirlian, Baha Mar Ltd.’s chairman.
Wearing t-shirts featuring the Baha Mar logo and colors, workers marched along Nassau’s West Bay Street from Goodman’s Bay to the Baha Mar parking lot Friday.
Many chanted "We love you Sarkis," according to local press reports.
"We are here today in support of Sarkis Izmirlian and the Baha Mar brand,” said Nick Lockhart, a Baha Mar worker quoted in Bahamas Tribune online accounts. “We are not here to talk about the bankruptcy and all of that. We are not here to talk about the government. We, the employees at Baha Mar, are standing with Sarkis Izmirlian," he said.
Faithful Baha Mar employees take to the streets in support of the controversial billion dollar project and it's developer.....more to comePosted by ZNS News.com (The Official Page) on Friday, July 3, 2015
It appears clear Bahamas government officials were not anticipating Izmirlian’s Chapter 11 filing last week.
In a Bahamas Tribune report, Allyson Maynard-Gibson, the country’s attorney general, said Izmirlian’s move to “circumvent” Bahamas courts and file for Chapter bankruptcy 11 in the United States would lead to “serious and far-reaching implications” to the Bahamas’ sovereignty, although she declined to describe what the consequences might entail.
Developments are expected to continue Tuesday, when a hearing of Baha Mar’s application for recognition of the U.S. bankruptcy proceedings in the Bahamas is scheduled to take place.
Meanwhile John Issa, the owner of the Breezes Bahamas resort nearby the Baha Mar site, said the mega-resort’s Chapter 11 filing left his company’s plan for a 50 percent expansion of its Cable Beach property “in limbo.”
Issa said SuperClubs, Breezes Bahamas’ parent company, has suffered a “substantial” loss due to the failure to complete a "land swap" agreement with Baha Mar. “The delays in [Baha Mar] being finished, and the delays in opening, cost additional jobs because it delays our planned expansion,” he said.
The land transfer agreement SuperClubs and Baha Mar officials originally reached in 2011 has been cited as one of several problems associated with Baha Mar prior to the Chapter 11 filing. The agreement is now the subject of litigation in the Bahamas.
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