A judge in the Bahamas agreed Friday to delay a critical decision about the future of the $3.5 billion stalled resort project Baha Mar, the Wall Street Journal reported today. A hearing on the Bahamian government’s request to have a liquidator take over the restructuring of Baha Mar was delayed to Aug. 19 to give the government enough time to propose a new liquidator. PricewaterhouseCoopers had been put forth by the government for the job, but a conflict of interest arose with China State Construction Engineering — the parent company of the contractor on Baha Mar, with whom the project’s owner and developer has been at odds — according to a Baha Mar spokesman. The government is working to propose another firm.
