Chinese Eye Proposed Bahamas Project?

THE PROPOSED Baha Mar resort development for Cable Beach in Nassau, the Bahamas, is expected to be the focus of a visit by a Chinese delegation next week, according to the Bahama Journal.
Baha Mah, which is to develop prime Bahamas real estate on the Nassau coastline, suffered a blow last year when Harrah's walked away from a joint partner venture.
Starwood Hotels, the second major partner in the Bahamas project, is said to have remained committed to the project.
Baha Mah CEO Sarkis Izmirlian says the Chinese delegation is expected next week, according to the Journal.
The Bahama Journal reports the delegation is expected to include reps from the China Exim Bank and China Development Company.
Izmirlian, reports the Bahama Journal, says the current slowdown provides a ‘once in a lifetime opportunity' to build at a much lower cost, and to be in a position to open when the global recession ends.