Sunday, October 21, 2018

BAHAMAS: Cabinet Office Press Statement re Lighthouse Point Development

By Deandrea Hamilton

The Lighthouse Point Development has been the subject of considerable public discussion, particularly in recent months.  The National Economic Council considered the matter today, 19 October, and approved the proposal submitted by Disney Cruise Line Island Development Ltd.

Negotiations will now begin on a Heads of Agreement, which will detail the scope of the project, the obligations of the Disney Cruise Lines Island Development Ltd. and the obligations of the Government of The Bahamas.  The negotiation of the Heads of Agreement will commence immediately. When concluded, it will be presented to Parliament in keeping with the government’s commitment to transparency and accountability.  Read more >>