St George’s hotel legislation to be debated
Legislation to pave the way for a five-star hotel in St George's is due to be debated today at a special sitting of the Senate.
The St George's Hotel Act 2015 authorises the leasing of the land to the developer and grants rights, leases, concessions, permissions and the approvals necessary to develop the resort on land to the south side of St Catherine's Point.
Work on the hotel, which will be managed by the St Regis, Starwood Hotels & Resorts brand, is expected to start before the end of the year. Plans include 122 rooms, six estate residences and a possible 90 condos, renovations for the St George's Golf Course and, subject to Gaming Commission approval, a casino.
The legislation was passed in the House of Assembly this month despite the “deep concerns” of members of the Progressive Labour Party. Zane DeSilva, the Shadow Minister of Tourism, said the legislation would allow the developer, Desarrollos, to “create subsidies as they desire”.
The Bermuda Government accused the Opposition of misinforming the public about a project which would create jobs for Bermudians.
Government's plans to redevelop LF Wade International Airport are also expected to be the subject of discussion, with the Progressive Labour Party promising yesterday to raise its concerns about the handling of the controversial project during a debate about an independent report by Deloitte.
The Investment Business Amendment Act 2015 is also expected to be debated in the Senate during today's session, along with the Bermuda Immigration and Protection (Land Holding Charges) Regulations 2015.
Senators are also expected to receive a series of financial statements from the Mutual Re-Insurance Fund, the Future Care Fund, the Health Insurance Department and the Bermuda Tourism Authority Board.