NASSAU, BAHAMAS- The developer behind plans to convert the old Scotiabank building on Paradise Island into Wendy's and Marco's Pizza restaurants says that it intends to get on with business now that it has received Town Planning approval, with more than $3 million to be invested in the project.

Gail Lockhart-Charles KC, attorney for Psomi Holdings, the corporate vehicle behind the proposed development said in a statement, "We are very pleased that the Town Planning Committee has approved the site plan approval application for the renovations to the old Scotiabank building submitted by our client Psomi Holdings Ltd. Strong support for this project in the community has never wavered, in spite of the meritless, aggressive, and self-serving campaign orchestrated by Atlantis and its agents."

She added, "Now that the project has been approved Psomi intends to get on with the business of what it does best – providing jobs for Bahamians and high-quality affordable food for its customers. Our client expects to spend more than $3 million dollars to completely renovate and outfit the old Scotiabank space, and it is anticipated that, at a minimum, they will create 75 full-time construction jobs and between 100 to 125 permanent full-time jobs once the project is completed and commences operations. Our client, a 100 percent Bahamian-owned business, is setting a positive example by investing without requesting a single dollar in taxpayer concessions, and its profits are reinvested right here at home as is reflected by its immaculately maintained chain of restaurants."

Paradise Island resort properties recently renewed their objections to the Wendy's and Marco's Pizza franchise owners' plans to convert the former Scotia Bank building into fast food restaurants, arguing that it would be damaging the overall Paradise Island brand, future tourism growth, and local food vendors.

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