NASSAU, Bahamas — Earlier this year, we reported on Al Jazeera America being in Nassau to report on Baha Mar and Bahamas - China relations. they interviewed Edison Sumner, CEO Bahamas Chamber of Commerce; DNA Leader, Branville McCartney; Bahamas Minister of Tourism, Hon Obie Wilchcombe; Daniel Liu, SVP of China Construction America; Laranda Gibson; and Justin Lockhart.
Here's is their feature with video published on October 5th:
Aljazeera writes, "Missing two grand opening deadlines isn’t something
that any large venture hopes to experience, but that’s exactly what has
happened to Baha Mar.
Touted as China’s largest commercial real estate project in the
Western Hemisphere, Baha Mar, a $3.5 billion Bahamian resort complex, has floundered
this year, causing the most serious economic damage the small island
country has seen since the global financial crisis. The resort is
predicted to contribute 12 percent to the country’s gross domestic
product, but its failure to materialize has at least in part led
Standard & Poor’s to downgrade the country’s sovereign credit rating.
Thousands of Bahamians had expected to work at the resort by now. Instead, the developer filed for Chapter 11 bankruptcy protection in Delaware
this summer while the government assigned a provisional liquidator. The
spat between Chinese contractor China Construction America and local
Bahamian developer Sarkis Izmirlian — with the Chinese side accusing its
local partner of mismanagement and the Bahamian side citing missed
deadlines — has meant no progress on opening the 97 percent completed resort for business....
Read the full feature HERE.