Government weighs up to $60 million in public funds for two hotels
Prime Minister Gaston Browne announced that the government is considering using up to $60 million in public funds to finance two hotels. These proposed properties would have 150 rooms each and be located at Yeptons and Jolly Beach. The money would come from the Treasury and various public-sector institutions. This plan has raised questions regarding the potential risks and returns for the institutions providing the funding. The proposals are scheduled to be presented to the Cabinet on Wednesday.
By Algernon WattsPrime Minister Gaston Browne says the government is considering drawing up to $60 million from the Treasury and public-sector institutions to help finance two proposed 150-room hotels at Jolly Beach and Yeptons, raising questions about the potential risks and returns for the institutions involved.The proposals are expected to go before Cabinet on Wednesday, […]