Baha Mar, the $3.5 billion Bahamas resort at the center of a bitter bankruptcy dispute, will open early next year if Prime Minister Perry Christie has anything to say about it, Bloomberg News reported yesterday. The contractor and developer fought over missed deadlines, invoices and change orders in the months leading up to the bankruptcy filing. The contractor didn’t complete the project by the original deadline in late 2014 or an extended deadline in March. When Baha Mar withheld payments after the March deadline passed, China Construction America Inc. (CCA) ceased work and refused to complete the project until it got paid, according to court papers. Christie voiced confidence in an Oct. 9 interview that talks by Baha Mar, the state-owned CCA and the Export-Import Bank of China will yield an agreement allowing workers to finish the mega-resort. Court-appointed provisional liquidators and representatives of the Bahamian government are also involved in the discussions.
