ATTORNEY General Carl Bethel staunchly defended the government’s decision to purchase the Grand Lucayan resort, insisting the move will prove to be the foundation for “a full fledged economic rebirth” in Grand Bahama.

Mr Bethel, praising the move as an act that took “courage”, said the intervention directly reversed the fate of Grand Bahama’s economy. His comments came during the Senate’s debate of the 2019/2020 budget yesterday.

“(This was) a simple act of courage,” he said. “We had the courage to intervene, to break the economic - how should I say it - the economic theories of the last 25 years which called for the diminution of the role of State in the economy.”

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