Statement by Thad Hollis, OBA chairman:

The Grand Atlantic project was conceived, funded and built by the Progressive Labour Party Government to the tune of $45 million.  It had major issues, as all Bermudians know, which was the reason that the PLP government only ever managed to sell one unit.

The difference between the approach of the PLP government when they were in power and that of the present government is that we are not trying to fool anyone into thinking there are no problems with the development.

Yes, the government is trying to sell the Grand Atlantic project, but any buyer the government negotiates with will know up front what the problems are, and will take responsibility for dealing with those problems.

I have no doubt that when there is something to report on that front, the Minister of Works will let us all know.