Government gets involved on Baha Mar's 200m loan

Sun, Sep 5th 2010, 11:00 PM

By NEIL HARTNELL

Tribune Business Editor

The Government, through Prime Minister Hubert Ingraham's Office, has moved to broker a resolution to the 'impasse' between Baha Mar and Scotiabank over the former's $200 million outstanding loan, sources told Tribune Business, the issue being the main obstacle to the $2.6 billion Cable Beach redevelopment.

This newspaper was told that the Government had moved to bring Baha Mar and the Scotiabank-led syndicate to a resolution, having moved over the weekend to arrange a meeting between the two sides.

How active a role the Government might play in seeking to broker a resolution is unclear, especially given Prime Minister Hubert Ingraha ...

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