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Old Bahama Bay Marina Issues??

Old 01-04-2019, 06:50 AM
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Default Old Bahama Bay Marina Issues??

Saw in another thread that there's some squabbling going on at that place, regarding possible closure? I wanted to start a thread for updates and info....

So whassup?
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Old 01-04-2019, 07:25 AM
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The issue is that the Bahamian government basically gave everything to the new developers and then some. ALL employees were told to find work elsewhere and they requested the fuel tanks be removed from the marina. There was a cease and desist memorandum sent to all parties involved and at this time, they are awaiting the decision from the courts sometime this month. The bottom line is Skyline investments has "ownership" of the marina but they cannot close the west wall due to it being a port of entry. They have deep pockets and plan to put a Marriott and a Ritz Carlton there but more towards the other end of the property where Ginn was attempting to develop it. Much is up in the air right now and no one really knows what will happen for the future. The only thing is that the OBB management, John MacDonald was trying to put together some other dockage behind the restaurant, however, from the sounds of it, that may be at an impasse as well. We shall wait and see.
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Old 01-04-2019, 08:20 AM
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Good old Bahamian backdoor wheeling and dealing at play again with the Nassau politicians taking in the bribes and the Bahamian workers in the out islands getting screwed over and over and over again. It doesn't matter who the Prime Minister is -- just bring out the wheelbarrows of cash for them.
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Old 01-04-2019, 08:50 AM
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Well that's depressing. What does this mean for checking in/fueling up at OBB in the coming months?
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Old 01-04-2019, 09:20 AM
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That is horrible news for the employees, condo owners and those of us who love to visit OBB. Hopefully, they won't destroy the fragile ecosystem like was done on North Bimini.
They will be required to keep a Port of entry at OBB at least until it is relocated.
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Old 01-04-2019, 09:33 AM
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From what I've read in the Freeport News, John MacDonald is not going down without a fight. Sometime this month the Court will issue an important decision as to who controls/owns what.
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Old 01-04-2019, 10:12 AM
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The pathetic part is that if they do succeed in closing it down - what they'll come to learn is that by the time they are even *close* to building an 'effing thing, the market will either tank or a storm will hit and then they'll have a handful of nothing.

Silly people. They have a viable thing right there. I was there for the first time last year - only for one night - and I liked it. The customs office was reasonable, people working seemed decent.

My guess is they want to build a "Bimini North" and that's a shame. This is likely the price we pay as more and more people migrate from the crappy States toward the great State of Florida.
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Old 01-04-2019, 11:38 AM
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This past summer, over 70 percent of the homes in OBB were for sale at prices that had me wondering. Then the condos started being offered for sale very reasonably. However, the problem was that if Skyline wants to, they can basically fence off the condos with no access to the pool nor marina. As far as Skyline is concerned, they have very deep pockets and the mother company is out of Israel with some very lavish resorts. I did just hear today that Skyline defaulted already some payments but that is yet to be confirmed. Remember, Lubert Adler is the one who provided initial funding for the Ginn project so all he wants to do is get out and come away with some return on his investment. It is sad that by the end of the month, there could be another 70+ persons unemployed and the end of an era for OBB. It happened once with Jack Tar. It can happen again. At least then they had jets flying in 4X a week from Texas, Canada, and Germany. They knew that they had to have turnover to make it work. Building anything in the Bahamas is not easy nor ever on time or budget.
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Old 01-04-2019, 12:03 PM
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Originally Posted by Hillsboro View Post
The issue is that the Bahamian government basically gave everything to the new developers and then some. ALL employees were told to find work elsewhere and they requested the fuel tanks be removed from the marina.
Why do they want to shut down the marina/fuel? Even in the short term wouldn't it be smarter to keep that open while they build the new stuff?
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Old 01-04-2019, 12:11 PM
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The Bahamas have very strict laws regarding employment. The new ownership probably is thinking that they want to put "their" people in place and the only way to do that is to fire everyone and start over. When Ginn purchased the property to develop it, it did NOT include the marina and surrounding areas. It was only after a few years did they purchase those rights as well. That was the only cash flow they had. Unfortunately, big developers come in with the promise to invest all this money and of course, the Bahamian government agrees and will basically throw all the locals under the bus. Same has happened numerous times, different years with very similar outcomes.
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Old 01-04-2019, 01:01 PM
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sounds awful. eliminate the competition (OBB) by taking away the infrastructure. However, I agree, this project only looks semi-viable when the economy is rip roaring. We're entering a slower phase and I think the plan will be shelved.
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Old 01-04-2019, 04:35 PM
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Originally Posted by 37IslandHopper View Post
Saw in another thread that there's some squabbling going on at that place, regarding possible closure? I wanted to start a thread for updates and info....

So whassup?
What thread did you see?
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Old 01-04-2019, 05:16 PM
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Originally Posted by LWLoadie View Post


What thread did you see?
it was mentioned in this thread so OP started a thread on topic of OBB so we all get visibility to it.

Berry Islands
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Old 01-05-2019, 11:20 AM
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This is the most recent status update I could find: Business continues at Old Bahama Bay Resort - The Freeport News

It sounds like the condo owners are trying to protect their access rights to the marina and resort common areas which are being sold. If I'm reading the timeline correctly from multiple articles, the condo owners broke off from the original Old Bahama Bay development which is now being sold, to protect their investment and maintain operations during the last financial crisis. At some point they leased the marina and hotel from the owners to cashflow and cover costs, now the owners want to terminate the lease and sell it. Perhaps a condo owner can chime in and clarify. Fingers crossed this is legal posturing that can be worked out when logical people get in a room and compromise. If I was the new buyer, I wouldn't want to screw all of the people that still own property and the employees who kept it going.

The natural fear is this will turn into Bimini 2.0, which for those of us further north on the FL coast sounds awful. But will the weekend warriors from Miami really want to double their time/distance?
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Old 01-05-2019, 11:47 AM
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Business as usual for foreseeable future. Same crap, diff. island. Owners own condos and nothing else and therefore no control. This, rec. leases were made illegal in fla some time ago.
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Old 01-05-2019, 12:30 PM
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West End cant support a Ritz and all the other crap they want to do. The current group has plans for what they've been trying to do. The renderings are in the lobby, 4 story condos with 1-3 bedrooms. Theres only a few times a year you can't get rooms at OBB, marina sells out first. Theres not enough people going over to support West End, Lucaya, Bimini, Grand Cay, and possibly a new walkers.
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Old 01-05-2019, 01:16 PM
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From a friend who owns 2 condos at OBB



​​​​​​​Nope there is a power struggle going on.

At OBB we lease the marina and some common areas to create the resort above and beyond just the condos we own. The lease owner is LRA who is trying to push us out so they can lease it to a Canadian company that has no ties or cares to the local west village population. Our expansion into Grande Harbour is kinda like a self preservation or defensive move as it will create our own marina and restaurants thus not needing the LRA owned properties. Right now the Canadian company is trying to execute a hostile take offer and trying to buy our units well below market value and implying threats if we dont comply. As an owner of two units, I will not comply and will move on without them. Our HOA the IVRC prevented LRA from locking the doors on the Resort on Dec 6 with a lawsuit and now we finally got the courts involved. There are a ton of newspaper articles over the past month published but they are slanted to a narrative of who asked to have it posted, both good and bad depending on what side you are on.
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Old 01-07-2019, 05:24 AM
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Plans are easy to have drawn up and the vision of what they would like to see there. Bottom line is that there is no way that the Grande Harbour development will take off. 3 bedroom for 800k+ and 2 bedroom for upwards of 500K? With no amenities there, very few would be sold. The Bahamian government will go where the money trail is and the lease from Adler is just that - a Lease. It surely has provisions so it can be broken and that is just business. Do I want to see OBB close, absolutely not but the fact is that very few of these visions become a reality because funding runs out and not enough people are willing to shell out the money needed for a place they may only use 2 months total a year. The only place that seems to have worked is Bimini Sands. Frank basically started to build them one at a time. They sold out thru the years and the entire project took 15+ years. It seems that Skyline has the funding and may be going forward, but then again, I do not think that there will be any benefit to the Bahamians of West End in the near future. Can West End support a Ritz or Marriott? Maybe. Maybe not. The infrastructure is there. I never thought there would be a Hilton on Bimini but there is.
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Old 01-07-2019, 05:44 AM
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And the Resorts Hilton is "closed for seasonal renovations" for the next two weeks, lol. The reality is that there's not enough business right now to keep it open and this seasonal closing is more to save costs than anything else. Even with Bimini being so close to Miami and having the Fast Ferry, the number of guests needed to run an operation like the Hilton casino resort profitably is very high, and it's logistically very tough to get the crowds over to Bimini, especially when they really have to rely on private boaters which is so weather dependent. West End has a smaller population base in Florida from which to draw which makes things even more difficult IMHO.
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Old 01-07-2019, 09:58 AM
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Here is another article that was done 12/10 regarding Skyline and Adler and OBB.
Legal battle disrupts $2.8bn Ginn revival | The Tribune

MacDonald is nothing more than a manager. He is playing the game of trying to show the assets are worth more than what they are by putting together a quick architect rendering.
Unfortunately, in the meantime, it will only hurt the people of West End.
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