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Volume: 119 No.243, November 11, 2022
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ISLANDS SPARED MAJOR DAMAGE
Grand Bahama and Abaco ‘fared well’ in Hurricane Nicole By DENISE MAYCOCK, KHRISNA RUSSELL and LETRE SWEETING Tribune Staff Reporters GRAND Bahama and Abaco avoided significant damage during the passage of Hurricane Nicole - with Acting Prime Minister Chester Cooper saying yesterday: “It looks like we have been spared the worst of it.” The Minister for Grand Bahama, Ginger Moxey, said it was expected that the airport would reopen by last night, with only some debris to be cleared.
In Abaco, there was some flooding at the port and at Leonard M Thompson International Airport, but no serious injuries were reported following the storm. Some businesses in Green Turtle Cay remained without power yesterday. Molly McIntosh, general manager of the Bluff House Beach Resort and Marina, said: “Nicole was stronger, certainly than I thought it was going to be... we had a little shock here, because it was stronger and longer than we thought.”
PUBLIC Works Minister Alfred Sears warned that illegal shanty towns will not be allowed to go unchecked indefinitely, while revealing that officials are reviewing an existing injunction with a view to making appropriate applications to the Supreme Court to crack down on the
REGULATORS yesterday moved to protect clients of The Bahamas’ flagship crypto currency investor by “freezing” its assets, and seizing control of the company, amid reports it acquired $74m in local real estate this year alone. The Securities Commission, which Tribune Business revealed yesterday was probing FTX’s near collapse, said the Supreme Court had approved Brian Simms KC, the Lennox Paton partner and head of its litigation practice group, as joint provisional liquidator with powers to take control of the crypto exchange’s Bahamian company and affiliate entities. FULL STORY - SEE BUSINESS
By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
SEE PAGES THREE, FOUR, FIVE
unregulated communities. However, the minister would not say whether the government would be seeking leave from the court to demolish newer structures. The review of the existing injunction was being done simultaneously as officials were in the midst of a survey of shanty towns to determine who lives in the structures. SEE PAGE TEN
By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net
‘ZERO CARBON’ PLAN FOR $73M EXUMA RESORT
‘SHANTY TOWNS WILL NOT GO UNCHECKED FOREVER’ By KHRISNA RUSSELL Tribune Chief Reporter krussell@tribunemedia.net
REGULATORS FREEZE FTX ASSETS AMID COLLAPSE
FLOODING outside the home of Errol Miller in West End, Grand Bahama, yesterday. Mr Miller said he “noticed the (sea) water starting to come over the seawall”. Pictured right is Acting Prime Minister Chester Cooper during his visit to survey damage. Main photo: Denise Maycock/Tribune Staff
BLAZE AT PRODIGAL SONS SHACK By LYNAIRE MUNNINGS lmunnings@tribunemedia.net
WITH the return of the Boxing Day and New Year’s Day parades a few weeks away, the Prodigal Sons Junkanoo group is uncertain if it will be able to compete following a devastating fire at their shack on Tuesday. After a two-year hiatus due to the COVID-19 pandemic, the Prodigal Sons were “excited” for the
THE DAMAGE yesterday. return of the parades. According to Eric Knowles, the group’s leader, the Junkanoo group
had lost everything in the recent fire at their Yellow Elder shack location. When asked by this newspaper if he believes the group will be able to participate in the upcoming parades, Mr Knowles said he is uncertain about what the future holds. “Right now, I honestly don’t know how we can do it,” Mr Knowles said yesterday.
Nassau & Bahama Islands’ Leading Newspaper
SEE PAGE TEN
A $73M INVESTMENT is aiming to attract 36,000 guests per year at full buildout of a “zero carbon” residential and yacht community on an Exuma cay located just three miles from Georgetown. The Ki’ama Bahamas project, in an Environmental Impact Assessment (EIA) viewed by Tribune Business, said that its plans to develop a 36-acre community on the southern third of Elizabeth Island will create permanent employment for 80-85 Bahamians as well as 45-60 local jobs during the three to four-year construction period. FULL STORY - SEE BUSINESS
DIANE PHILLIPS: VIEW FROM THE SIDEWALK
SEE PAGE NINE