Bahamas Contractors Association President Leonard Sands says the renovation of the Grand Lucayan resort will cost up to an estimated $25 million, a better deal than the figure Sands says was estimated by others.
“I’ve heard figures thrown out like 100 million -that’s not realistic,” he said.
“The entire property only needs a refresh not a rebuild.”
Sands explains there’s only a relatively small portion of the resort that needs to be rebuilt and for a better understanding, the government should be transparent with the Bahamian people regarding the works needed at the hotel. He said the decision for the government to purchase the multimillion-dollar hotel is necessary.
“The sale of the Grand Lucayan hotel was not something the government planned for, but you had a scenario where you had to do something.
“From a construction standpoint, we in the contractor’s association see it as a great opportunity to engage contractors and get them to repair if that’s a decision the government has to make.”