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News : Grand Bahama Last Updated: Jan 22, 2019 - 2:34:37 PM


LRA Old Bahama Bay Limited Prepares for Transition
By Sarah Kirkby
Jan 20, 2019 - 5:00:00 PM

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West End, Grand Bahama – LRA Old Bahama Bay, Limited (OBB), the owners of the marina and other assets at Old Bahama Bay continue the process of transitioning the operation and ownership of their assets.  The OBB owners and representatives, like so many Grand Bahamians, have actively supported the significant efforts going into the future success of West End.

OBB has previously provided appropriate lease termination notice to its tenant, Island Ventures Resort and Club, Ltd. (IVRC), which has also been affirmed by the Bahamian Courts.  As of Monday, January 21st, 2019 OBB will temporarily close their marina operations, in order to make proper arrangements for a future operator. 

IVRC and the condo owners separately manage the rental of their condo units, which remain open at the West End.  During the transition LRA OBB Limited., will be coordinating efforts with the various resort Food &Beverage, Tour Services, Retail Services and Marina operators as well as resort investors to plan for a revitalized resort and community.



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