Harold Lovell, Political Leader of the United Progressive Party (UPP), sees the recent announcement of the sale of the Jolly Beach Resort as another gimmick by the sitting Administration.
The Cabinet, last Wednesday, April 20, announced that several investors are interested in purchasing the property for US$200 million, with plans to demolish the old resort and build a 150-room hotel and several villas.
However, Lovell believes this could be just another red herring by the Browne Administration, since other previously announced projects have failed to materialize.
Lovell says people will not be buying into this most recent lie, adding that credible investors have lost faith in the Administration.
The investor is reportedly estimating that the new hotel would employ more staff per head than the old resort, although it would not be an all-inclusive property.
A Memorandum of Understanding is expected to be signed within months, according to the Cabinet, and the demolition of the property could be completed by April 2023.
Reportedly, the replacement resort and villas will take three years to build, the Executive says.