Heads Up

Monday, August 4, 2008

No Mention Of Pierhead Project In Budget

It is significant that there was no mention of the Pierhead project in last month's presentation of the Budget by the new Prime Minister. Consequently, it is left to us bloggers and other onlookers to speculate as to what might be going down (or going up for that matter). What the Prime Minister did say was that he was talking to deep-pocketed players who want to build islands and marinas off Barbados. Could it also mean that the long awaited Pierhead project is now being merged into this new thinking? If so, are we going to have to wait another dozen or so years for this project to get off the ground or come out of the water? So far only Starwood Hotels has committed to managing a luxury hotel to anchor the project but they are already busily getting into management contracts for their long list of luxury brands elsewhere in the Caribbean, so they are losing nothing the longer the process in Barbados is drawn out. Ultimately, it is the people of Barbados themselves who will miss the boat if they don't "head for the pier" in time.
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