Baha Mar's multi-million Treasury revenue boost

Thu, Sep 9th 2010, 11:00 PM

By NEIL HARTNELL

Tribune Business Editor

The Government's weak fiscal position could receive a major short-term boost if the $2.6 billion Cable Beach project goes ahead with around $20 million in Stamp Duty generated by the transfer/sale of Crown Land to the development, a Baha Mar executive yesterday confirming that "significant revenues" would be derived for the Treasury.

While Robert Sands, Baha Mar's senior vice-president of governmental and external affairs, declined to comment on the specific figures that contacts familiar with the deal provided to Tribune Business, he confirmed that the Government and Public Treasury would receive multi-million dollar revenues in sever ...

Click here to read more at The Tribune

 Sponsored Ads