Sandals tax dispute settled for EC$6.5M
The government has successfully concluded negotiations with Sandals Resorts International over outstanding tax obligations, securing a settlement agreement of EC$6.5 million. Director General of Communications in the Prime Minister’s Office, Maurice Merchant, confirmed that the administration welcomed the amicable resolution. This was revealed during Thursday’s post-Cabinet press briefing on State Media when Merchant noted that […]
Black News 
The government has successfully concluded negotiations with Sandals Resorts International over outstanding tax obligations, securing a settlement agreement of EC$6.5 million.
Director General of Communications in the Prime Minister’s Office, Maurice Merchant, confirmed that the administration welcomed the amicable resolution. This was revealed during Thursday’s post-Cabinet press briefing on State Media when Merchant noted that the settlement reflects a commitment to prudent fiscal management, while maintaining positive relationships with key economic investors.
“Cabinet has already designated the vast majority of these recovered funds for local infrastructure development,” he said.
It was agreed to allocate EC$5 million of the settlement money to launch the highly anticipated Renaissance Park development at Fort James. The project is designed to transform the historic area into a major recreational and tourism hub to generate new commercial and community opportunities.
Planned features for the Renaissance Park include a marina, an amphitheater, pool and bar facilities, a boutique hotel, Airbnb-style accommodations, and commercial retail spaces. Merchant revealed that land surveys and preliminary site assessments are already underway at Fort James, with official designs scheduled for public release in the near future.
