NASSAU, BAHAMAS— The Opposition yesterday renewed calls for “meaningful updates, clear timelines, and less secrecy” regarding the stalled sale and redevelopment of the Grand Lucayan Resort, amid growing concern over transparency and reports that power had been disconnected at the property.
“Our original concerns remain. It has been 161 days since the government announced the Grand Lucayan sale, and despite rumors of the property’s closure on October 16, neither the more than 60 permanent and 200 casual staff nor the wider public have been given meaningful updates,” the Free National Movement noted in a statement. “Jobs, timelines, worker severance and vendor payments remain in limbo. Meanwhile, the silent build-up of liabilities, power cuts and unanswered questions mark this as nothing short of a national disgrace.
“The people of Grand Bahama — the hard-working men and women, the vendors and suppliers, the families depending on this island’s revival — deserve full accountability today, not more hollow promises tomorrow. The government must immediately meet with workers, vendors and the community, publish all agreements in full, and provide a clear, official timeline. Enough delays. Enough secrecy. Grand Bahama deserves leadership that acts.”
The Opposition further questioned whether the deal has been completed, whether staff have been notified, whether the government has received the $120 million purchase price, and when demolition and redevelopment are expected to begin.
The electricity at the Grand Lucayan Resort was disconnected due to unresolved arrears with the Grand Bahama Power Company (GBPC). According to reports, the resort’s new owners, Concord Wilshire Capital, have declined to assume the outstanding debt, prompting GBPC to cut supply.
The 56-acre resort — sold by the government in May 2025 for $120 million to Concord Wilshire Capital as part of an $827 million redevelopment plan — is expected to be transformed into a luxury mixed-use destination featuring a hotel, casino, cruise port, and marina.
Responding to reports of the disconnection, Director of Communications Latrae Rahming said the issue has since been addressed.
“The Government of The Bahamas advises that while there was a brief issue during the turnover process, the matter of power supply at the Grand Lucayan has been resolved and electricity has been reconnected,” Rahming said. “This was a matter of reconciling utility bills attributed to the government and the new owners. There is no occupancy at the property, and operations remain in transition as redevelopment efforts continue.”
