9 Beaches lease agreed by Senators
A sub-lease agreement for the 9 Beaches resort was approved in the Senate this morning.
The lease agreement between the Bermuda Land Development Company Ltd and IRC-Sandy's Limited, will pave the way for an $80 million redevelopment at the resort.
The lease had previously been approved by the House of Assembly, but a vote on the lease in the Senate was delayed twice last year, and for a third time last week.
While Senator Cromwell Shakir said he felt like he was going through a ‘baptism of fire' over the lease, he said the delays demonstrated that the Senate was being careful and looking out for the public's best interest.
“We are here doing the people's business,” he said. “we have been handed a responsibility, and it is our job to make sure that we catch all those things that may not have been caught before.”
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