Government property sale debate
The sale of some Bermuda Government properties will be debated in the House of Assembly in the present session.
According to a spokeswoman for the Ministry of Public Works, the Government is hoping to raise $10 million through the sale of public properties in the next three years.
The first such sale — that of the Harrington Sound Post Office — was approved by the Legislature last year. That sale is now before the Attorney-General’s Chambers for conveyancing to the successful bidder.
The post office was closed in November 2014 and the property was formally put up for sale in May 2015. It was sold for $700,000, according to its sale and purchase agreement.
“The Ministry of Public Works will not market any other government properties until we have approval from the Legislature to sell them,” the spokeswoman said. “We intend to obtain approval for several properties during this Legislative session. The ministry has identified 30 government-owned properties that could be offered for sale in the future.”
The initiative was initially unveiled in the Throne Speech.