September 11, 2003
Kerznor "Pumped Up" For Atlantis Expansion
It was all smiles yesterday as Prime Minister Perry Christie and other Bahamian dignitaries gathered on Paradise Island with the Kerznor International brass to break ground for the new $600 million Atlantis Phase III expansion.
With the completion of Phase III, the Bahamian resort will become a major competitor of Walt Disney Enterprises, according to Mr. Kerznor, Chairman and Chief Executive of Kerznor International.
Mr. Kerznor said he was "pumped up and excited" over the project as Atlantis Phase III would inlcude more features and amenities than the two earlier phases.
The project has been held up as the company has insisted on infra structural improvements in New Providence, necessary to accommodate the increased number of visitors necessary to sustain an expanded development. Nassau International Airport and the road conditions have been a concern of the company's since Atlantis opened in 1994.
The company has spent more than a year negotiating with government for investment concessions and improvements to the country's airport and roads.
Mr. Christie said his government was well aware of the company's concerns for the "full flowering of its product" and the smooth operations that are necessary to ensure that the investment is a successful one.
Bahamians can soon expect a public statement regarding improvements to the airport, starting with a change of management, Mr. Christie said.
Posted by admin at September 11, 2003 10:47 PM