Coco Reef lease information is not good enough, says Barritt
Opposition MP John Barritt is being provided additional information on the renegotiated Coco Reef lease, but he said it is not good enough.
Mr. Barritt said the lease should be tabled in its entirety instead of coming out in drips, likening it to Chinese water torture.
"The UBP has been invited to a meeting and I have been told I can see a chronology of decisions relating to the Coco Reef lease, but I won't know precisely what I am getting until I get it," he said. "I have been told that will take approximately two weeks.
"Information is coming out in dribs and drabs and it is like perverse Chinese water torture.
"They are really skirting the issue. The issue is the terms of the lease should be made public, not to the UBP, but to the public, the taxpayers.
"The public have the right to know."
Last month Senator Walton Brown revealed that the lease had been renegotiated with the Paget hotel's owner, John Jefferis. Sen. Brown is the chairman of the board of governors at the Bermuda College, which owns the land the hotel sits on.
The college is publicly funded. United Bermuda Party and Bermuda Democratic Alliance members have said the public has a right to know the terms of the lease for land it owns.
Thus far the full renegotiated lease has not been made public although Sen. Brown has outlined what he believes are the key changes. These include lengthening the lease from 50 years to 120 years and the fact that the Bermuda College will no longer pay for the hotel's foreshore or content insurance.
It is the second time the terms of the lease have been shrouded in secrecy. In 2003 a lease was signed by then president Raymond Tannock without the board's approval that lease was not tabled in the House.
The Royal Gazette later revealed that the lease had changed drastically in favour of Mr. Jefferis after he won the publicly tendered hotel contract.
It changed so much that then Auditor General Larry Dennis conducted an investigation. He decided the difference warranted that the lease be retendered. It was not.
According to the Bermuda Hotel Association, 9 Beaches is the only other hotel with a Government lease.
Its original lease was tabled in the House of Assembly in 2004 and passed in the Senate. Last week it was announced that the lease is being renegotiated ahead of a $80 million redevelopment which will see the hotel double in size. Premier Ewart Brown has said that the lease would be made public, adding "ours is a transparent Government".
