The Grand Lucayan Resort in Grand Bahama experienced a temporary power outage on Thursday morning, reportedly due to unresolved electricity bills tied to the property’s recent change of ownership. The Office of the Prime Minister (OPM) confirmed that the issue was swiftly resolved, attributing it to a minor hiccup during the transition process. Latrae Rahming, Director of Communications at the OPM, stated, ‘The matter of power supply at the Grand Lucayan has been resolved, and electricity has been reconnected. This was a matter of reconciling utility bills between the government and the new owners.’ The resort, currently unoccupied, remains in a transitional phase as redevelopment efforts progress. Approximately 300 employees are still on staff to manage operations during this period. Sources revealed that the Grand Bahama Power Company (GBPC) disconnected the resort’s power supply due to unpaid arrears from the previous management. The new owners, Miami-based Concord Wilshire Capital, reportedly refused to assume the debt, leading to the brief disruption. GBPC declined to comment on the matter. The government sold the 56-acre property to Concord Wilshire in May for $120 million as part of an $827 million redevelopment plan aimed at transforming the resort into a mixed-use complex featuring a hotel, casino, marina, and cruise port. The incident highlights the challenges of transitioning ownership and the expectations for tangible progress on the project, which is seen as pivotal to revitalizing Grand Bahama’s tourism sector after years of setbacks, including hurricane damage and stalled ownership changes.
