PLP cut ties with Bazarian in 2012 source
The former Progressive Labour Party Government severed its ties with US developer Carl Bazarian,
The Royal Gazette understands.
However, new Tourism Minister Shawn Crockwell yesterday offered no official comment on the status of the long-stalled deal to put a Park Hyatt hotel in place at the East End.
Told that we had learned from a reliable source that the deal had fallen apart, Mr Crockwell responded: “It would be premature for me to comment.
“I have had some provisional briefings next week and the point person from Government will be giving me a briefing on all the developments, especially Park Hyatt. As soon as I have had the briefing I will speak to the press.”
The long inaction after Mr Bazarian’s October pledge to break ground on the former Club Med site, once permits were in place, has prompted calls from environmentalists for Government to drop its development agreement.
However, this newspaper understands the beleaguered project is now mired in legal disputes after the previous government dropped its connection with the developer.
Originally hoped to get underway on 2007, the Park Hyatt resort in the Old Town was lately hoped to be finished by 2015.
Attempts by this newspaper to contact Mr Bazarian last night remained unsuccessful.
Last time he spoke to this newspaper, on December 13 — just days before the general election — he said in an e-mail: “I have invested heavily in the project in St George’s and remain committed to developing this critical tourism resort.”
The PLP declined to comment.