Tucker's Point hopes for quick resolution over SDO
Company issues statement saying it is working on amendments to the Special Development Order and has backing of bank.
Tucker's Point Resort is in talks with Government to scale back their development, it was announced last night.
Senators could resume debating the controversial Special Development Order shortly.
Last Friday five Senators came out in support of the SDO and five came out against it; however, the debate was halted before independent Senator Carol Ann Bassett could give her opinion. The SDO would have allowed the hotel to build more than 70 private homes on the 240-acre environmentally important Castle Harbour property.
Last night, Government announced the hotel had “reconsidered” its development plans and presented proposals to Government, which the company believes will allay the Senators' concerns.
A Government spokeswoman said: “The Government has studied the proposals and believes they provide a significant opportunity for this matter to proceed in the Senate. To this end, the Government and Tucker's Point Club representatives briefed the Independent Senators and the Opposition Senate Leader on the proposals earlier on Wednesday afternoon.
“Following the ongoing consultations, a decision will be taken with regard to resuming debate of the Tucker's Point Resort Residential Development Special Development Order 2011 in an amended form.”
This afternoon Tucker's Point released a statement which said it was in disucssions with Government over amendments to the SDO.
"During the Senate debate on Friday, March 18, a number of Senators expressed concerns regarding environmental and planning issues.
"Since the Senate debate, Tucker’s Point has worked with Minister Walter Roban, Minister of the Environment, Planning and Infrastructure Strategy and Minister Patrice Minors, Minister of Business Development and Tourism, to address these issues.
"Throughout the week, consultations and presentations have been made to Cabinet Ministers, Department of Planning officers and representatives of the Independent Senators, the Opposition Senators and the Government Senators.
"The focus of these meetings has been to explore compromises which balance the needs of Tucker’s Point to develop the resort while seeking protections to the natural environment of its land holdings.
"Tucker’s Point has also been in discussion with HSBC Bank of Bermuda which is the lead lender to the company and they have indicated their support of the amendments which they believe will contribute to the financial security of Bermuda’s ultra-luxury resort.
"The proposed manager of the resort, Rosewood Hotels and Resorts, has also indicated its support for the compromises which allow it to operate successfully and introduce Bermuda to its many dedicated clients.
"Rosewood’s entry into the Bermuda tourism market is dependent on a successful outcome to the SDO debate.
"Tucker’s Point looks forward to an expeditious resolution of the issues raised in the recent debate of the SDO. The major tourism season for Bermuda is about to get underway and Tucker’s Point looks forward to focusing its energy on providing world class service to its guests who come to enjoy this beautiful island of Bermuda."