Tag: Baha MarView All Tags
Pop some popcorn and pull up a seat.
China Construction America, the contractor hired for the Baha Mar Resort in the Bahamas has put out a statement today regarding last week's bankruptcy filing by the developers of Baha Mar, who placed the blame for the resort's missed opening dates on the contractors. But China Construction America says Baha Mar's blatant mismanagement of the project is what caused the resort's downfall. Here's what CCA has to say (emphasis is ours):
Baha Mar Ltd.'s decision to file for bankruptcy protection is the direct result of its failure to secure adequate financing and its mismanagement of the design of Baha Mar resort project.
This mismanagement includes replacing the principal architect after construction had commenced, the late and incomplete delivery of design packages and over 1,300 Construction Change Directives.
The vast majority of the Baha Mar debtors are organized under the laws of the Bahamas, the Baha Mar project is located in the Bahamas, and the Bahamian people are deeply invested in the future of the project. Baha Mar Ltd.'s decision to file for bankruptcy protection in the United States was, therefore, misplaced and calculated to benefit the project's developer over the interests of the Bahamas and its people.
Keep reading. There's more where that came from!