A major announcement was made by the premier in the Legislative Assembly today (Friday 10 June) the Progressives-led administration has struck an agreement with Dart to increase the cap on duty and other concessions by some $13 million and to formally close a portion of West Bay Road close to the Kimpton Hotel site.
The development deal spans two administrations. When the Progressives came into power in 2013, it was not in favour of the inked 50% hotel tax rebate on the so-called NRA deal.
Premier Hon. Alden McLaughlin says the $13 million cap is preferable, as the alternative could have cost another $60 million. “Government will now move forward and ask Cabinet to close the remainder of the road as per the agreement for us to complete our obligation in that regard. We also wish to recognise to the ongoing commitment to this country shown by Dart and we extend our appreciation to Dart to work with the government and for having the confidence to continue agreed works even though we have only now completed the signing,” said Mr. McLaughlin.
Important to point out, some members of the ruling People’s Progressive Movement (PPM) had once opposed the closure of the West Bay Road. As part of the agreement, Dart Realty facilitated the build-out of the realigned Esterley Tibbetts Highway and it bought the freehold title to the former Safehaven lands, including the North Sound Golf Club.