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Letter writer Beverley Connell tackles the vexatious issue of government guarantees

The Government is seeking proposals related to the redesign and modification of existing structures

David Burt is unable to explain details of the funding and guarantee arrangements for plans to convert Morgan’s Point into a residential development

David Burt said the site would provide opportunities in the hospitality, retail and service sectors with the cost backed by a government guarantee

Legislation to create a government-owned company to oversee the redevelopment of the failed Morgan’s Point hotel property was passed in the House of Assembly. The Morgan’s Point Company will have the power to hold the land, buy more of the Morgan’s P...

Legislation to create a Government-owned company to oversee Morgan’s Point has been tabled in the House of Assembly. David Burt said the Morgan’s Point Company will be charged with managing the site with the goal of securing a return for Bermudian ta...

Plans to give the tourism minister greater powers of discretion over relief for developers of hotels, restaurants and attractions could lead to “mess-ups”, the One Bermuda Alliance has insisted. Cole Simons, the OBA leader, warned against the move af...

More than $6 million was paid in consultancy fees to four professional services firms over 19 months, MPs were told yesterday. But Curtis Dickinson, the finance minister, said more than 60 per cent of the cash went to EY under an order from the court...

Potential buyers for the stalled Caroline Bay resort have dropped out of the running, the finance minister said yesterday. It was understood that buyers for the Morgan’s Point development were on track to sign a deal earlier this year. But Curtis Di...

A decision to back the stalled Caroline Bay resort with a $165 million guarantee was defended today by the Leader of the Opposition. Cole Simons, also the One Bermuda Alliance shadow finance minister, said the Morgan’s Point site in the West End, a ...

Joint provisional liquidators have interviewed all the directors of the operating company of the failed Caroline Bay development and are combing through company records as they seek to recoup some of the taxpayers’ money paid out on a $165 million de...

An American investment company has countered a claim that it was willing to provide funds to salvage the failed Caroline Bay development. Craig Christensen, one of the developers behind the project at Morgan’s Point, had urged the Bermuda Government ...